Freddie Mac Launches HeritageOne to Expand Financing for Native American Communities

Freddie Mac has unveiled a new mortgage product, HeritageOne, aimed at providing affordable financing options for single-family properties on tribal lands in rural areas.

The initiative will allow greater access to homeownership for members of Native American communities and includes financial counseling and conventional financing for various types of land ownership interests.

To be eligible for a HeritageOne home mortgage, at least one borrower in the household must be an enrolled member of a federally recognized Native American tribe who will occupy the property as a primary residence.

The product was developed as part of Freddie Mac’s 2022-2024 Duty to Serve Plan, which is intended to provide housing support for tribal members in rural tracts within Indian Country.