Freddie Mac introduced a new conventional 3 percent downpayment program that is open to a wider range of borrowers with no income restrictions or limitations as to where the borrower lives. The new mortgage product, HomeOne, was created to allow lenders flexibility when it comes to helping borrowers anywhere in the country become homeowners and overcome the common hurdle of a lack of downpayment resources, said Danny Gardner, Freddie’s senior vice president of single-family affordable lending and access to credit. He said HomeOne is great for potential borrowers looking to...