Learn About ONE+ by Rocket Mortgage®

We're excited to introduce ONE+ by Rocket Mortgage®, a new low down payment option designed to make homeownership a reality for more clients. With the rise of interest rates, housing prices, and inflation, many clients may have been hesitant to start their home search. But with ONE+, we're giving them the opportunity to get back into the market and into their dream home, without the burden of a hefty down payment.

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What is ONE+ by Rocket Mortgage®?

ONE+ by Rocket Mortgage is a low down payment product that allows you to put down just 1% of the purchase price, while our partner lender covers the remaining 2%. This means you can enjoy all the benefits of a 3% down payment, including lower mortgage insurance premiums and better loan options.

Who is eligible for ONE+ by Rocket Mortgage®?

ONE+ is designed for eligible first-time home buyers and repeat home buyers who make less than or equal to 80% of the area median income (AMI) in the location they're buying in. Additionally, this product is only available for purchase loans with a maximum loan amount of $350,000 and cannot be combined with other promotions. If your income is lower than 50% of the area median income (AMI), additional options may be available.

What are the benefits of ONE+ by Rocket Mortgage®?

With ONE+, you can achieve the dream of homeownership without breaking the bank. This product provides numerous benefits, including:

  • Low down payment requirements: You only need to put down 1%
  • Increased affordability: Our partner lender covers 2% of the purchase price
  • Better loan options: Enjoy lower mortgage insurance premiums and more loan options

What are the requirements for obtaining a ONE+ by Rocket Mortgage® Loan?

To be eligible for ONE+, you must meet the following requirements:

  • Make less than or equal to 80% of the area median income (AMI) in the location you're buying in
  • Be a first-time home buyer or repeat home buyer
  • Purchase a primary residence with a maximum loan amount of $350,000
  • Not combine this product with other promotions

Contact West Mortgage Home Loans, LP to assess whether a ONE+ by Rocket Mortgage® Loan is the right fit for your financial situation.