Freddie Mac HomeSteps is Freddie Mac’s program to sell properties they have foreclosed on. Freddie Mac will sometimes offer incentives to buyers of the properties.
Unlike Fannie Mae HomePath, Freddie Mac HomeSteps is not a mortgage program. Freddie Mac is testing a mortgage program similar to HomePath in a couple states (not Washington). Once it’s available, I’ll be sure to update share more information here!
Meanwhile, if you are considering buying a Freddie Mac HomeSteps property, you can use any type of financing, including:
- Conventional (including Family Opportunity Mortgage)