Federal Home Loan Mortgage Corporation announced the launch of a new mortgage product to support members of Native American communities. HeritageOne will provide affordable financing options for single-family properties on tribal lands in rural areas, creating greater access to homeownership. It will also provide financial counseling and other resources to members of Native American tribe, especially first-time homebuyers.

The intent behind HeritageOne is outlined in Freddie Mac's 2022-2024 Duty to Serve Plan, which specifically details the company's commitment to provide housing support for tribal members in rural tracts within Indian Country. To qualify for a HeritageOne 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. More information and eligibility requirements are available online.