ONE+ Benefits
Increasing interest rates, housing prices and inflation have made many pause their home search. Not anymore. If you’re in a similar situation, we can help you get into your new home – without a hefty down payment.
We know that the down payment is one of the biggest obstacles home buyers face when they can otherwise afford a mortgage payment. ONE+ allows you to get a mortgage by putting as little as 1% down, combined with a 2% grant from Rocket Mortgage, you start with 3% equity and mortgage insurance is not charged to you.
Who is eligible?
ONE+ by Rocket Mortgage is for eligible first-time home buyers and repeat home buyers who make less than or equal to 80% of the area median income (AMI) of the location they’re buying in, Los Angeles County being $78,320 with credit scores of 620 or better, on single-unit, primary residence only.
It’s only available for purchase loans with a maximum loan amount of $350,000 and can’t be combined with other promotions although temporary rate buydown options are available if they come from the builder or agent.
Are there other low down payment options if I don’t qualify for this program?
There are several other low down payment options that may be available to you depending on your situation. For example, if you need to qualify with a higher income, you can still put as little as 3% down on a conventional loan as a first-time home buyer. If your credit score is 580 or better, you can put 3.5% down for an FHA loan.
If you're thinking of buying want to get connected to one of my preferred lenders w/ Rocket Mortgage, then contact me today! 
Ben Dueweke Banker Rocket Mortgage T (313) 546-2193 C (586) 945-6591 F (855) 455-2531 NMLS# 1332763