Affordable Housing with ONE+ by Rocket Mortgage

Rocket Mortgage's ONE+ program aims to make home ownership more accessible by addressing one of the biggest obstacles for buyers – the down payment. Through this initiative, qualifying buyers can purchase a single-unit primary residence nationwide with as little as a 1% down payment.

• Rocket Mortgage provides a 2% grant towards the down payment, effectively giving buyers 3% equity from the start.
• The program is available to buyers earning less than 80% of the area median income level.
• Qualifying credit scores of 620 or better are required.

Eligibility Criteria for Down Payment Assistance

To qualify for the ONE+ program and receive down payment assistance, home buyers must meet the following criteria:

• Income must be less than 80% of the area median income level in the county where the property is located.
• Minimum credit score requirement of 620 or higher.
• The property must be a single-unit primary residence.
• Conventional loan products only, with a maximum loan amount of $350,000.

Down Payment Structure

The down payment for the ONE+ program is structured as follows:

• Buyer contributes a minimum of 1% down payment, with the option to pay up to 3%.
• Rocket Mortgage provides a 2% grant towards the down payment, or a maximum of $7,000.
• Together, the buyer's contribution and the grant create an initial equity of 3%.

Mortgage Insurance Premium

Please note that the cost of mortgage insurance premiums will be passed on to the client, effective January 2, 2024.

Application Process

Interested home buyers can apply for the ONE+ program online or contact Rocket Mortgage's Home Loan Experts by calling (833) 326-6018.

Terms and Conditions

• The offer is valid only for primary residences and conventional loan products.
• It cannot be combined with other discounts or promotions.
• The offer cannot be applied retroactively to previously closed loans or loans with a locked rate.
• Rocket Mortgage reserves the right to cancel or modify the offer at any time.
• Additional restrictions and conditions may apply.