Freddie Mac Mortgages

A Freddie Mac Conforming Mortgage allows you to borrow up to 95% of the value of the home. Plus, we will service your loan locally. 

• Designed for those with a good credit rating and funds for at least 5% down payment plus closing costs
• Range of terms to choose from
• Fixed rate available for 15, 20, and 30 years
• Maximum loan amount of $647,200 on a 1-unit home
• Minimum down payment:
  • 5% minimum with Private Mortgage Insurance required
  • 20% without Private Mortgage Insurance
• Acceptable sources for down payments:
  • 5% with PMI must be the borrower's own funds
  • 20% without PMI can include a gift from a family member as long as at least 5% is borrower's own funds
• Acceptable sources for closing costs:
  • Borrower's own funds
• Payment options:
  • Automatic transfer from another First Citizens deposit account
• Coupon book
• Occupancy:
  • Owner Occupied
  • Can be up to 4 units if owner occupies at least one unit
  • Can be secondary residence