For home buyers

ONE+ by Rocket Mortgage®

You could make homeownership a reality with as little as 1% down. The plus? We cover an additional 2% of your down payment.1
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A Black mother and daughter hug by the staircase of their new home.A Black mother and daughter hug by the staircase of their new home.

A home loan that makes home more affordable

We cover 2% of your down payment

With your 1% that adds up to 3%, which means a smaller monthly mortgage payment for you.

30-year fixed rate

Most popular because it has the lowest payment and an interest rate that doesn’t change.

Estimate my down payment
A Black woman stands in a kitchen with white cupboards, holding paper napkins while she throws her head back and laughs joyfully.

Guidelines for this loan

If your details are close to these guidelines, we encourage you to apply or talk to us. Even if you don’t qualify for ONE+ by Rocket Mortgage, we could have other options for you.

Income

ONE+ was created to make it easier to buy a home, so it has income eligibility requirements. We’ll help you know if you meet them.

Verify my eligibility

The home

Must be a single-family home and your primary residence.

About this home type

Credit and debt

You'll need a credit profile above 620 and less than 50% of your income going to pay debt.

About credit and debt

Closing costs

In addition to your down payment, you’ll need enough funds to cover closing costs.

About closing costs

Explore, compare, find the right fit

Best for

Down payment

Credit score

Mortgage insurance

ONE+1

Best for

Buyers looking to minimize upfront costs

Down payment

As low as 1% (Rocket Mortgage covers 2%)

Credit score

620+

Mortgage insurance

Required until you reach 20% equity

Best for

Buyers seeking low down payment options

Down payment

As low as 3%

Credit score

620+

Mortgage insurance

Lower than standard loans

Learn more

Best for

Buyers who need more flexible qualifications

Down payment

As low as 3.5%

Credit score

580+2

Mortgage insurance

Required for the life of the loan

Learn more

HomeReady & Home Possible

Best for

Buyers looking to minimize upfront costs

Down payment

As low as 1% (Rocket Mortgage covers 2%)

Credit score

620+

Mortgage insurance

Required until you reach 20% equity

Best for

Buyers seeking low down payment options

Down payment

As low as 3%

Credit score

620+

Mortgage insurance

Lower than standard loans

Learn more

Best for

Buyers who need more flexible qualifications

Down payment

As low as 3.5%

Credit score

580+2

Mortgage insurance

Required for the life of the loan

Learn more

FHA

Best for

Buyers looking to minimize upfront costs

Down payment

As low as 1% (Rocket Mortgage covers 2%)

Credit score

620+

Mortgage insurance

Required until you reach 20% equity

Best for

Buyers seeking low down payment options

Down payment

As low as 3%

Credit score

620+

Mortgage insurance

Lower than standard loans

Learn more

Best for

Buyers who need more flexible qualifications

Down payment

As low as 3.5%

Credit score

580+2

Mortgage insurance

Required for the life of the loan

Learn more
Discover more loan options

Estimate and explore

 Calculators are a great way to learn and see what's possible.

Mortgage calculator

Estimate your monthly payment including taxes and insurance.

Home affordability calculator

Explore home prices affordable for you and see what you could prequalify for.

Get more in-depth details

Articles that give you more information about this loan and explain how mortgages work.

Backyard area with nicely trimmed garden.

4-minute read

ONE+ by Rocket Mortgage is a 1% down payment option

Couple looking at paperwork with lender.

9-minute read

What is PMI? Private mortgage insurance defined and explained

A mother and son sitting down in the kitchen

5-minute read

Down payment: What is it and how does it work?

Couple sitting on kitchen floor conversing with coffee.

9-minute read

What is a 30-year fixed mortgage?

Backyard area with nicely trimmed garden.

4-minute read

ONE+ by Rocket Mortgage is a 1% down payment option

Couple looking at paperwork with lender.

9-minute read

What is PMI? Private mortgage insurance defined and explained

A mother and son sitting down in the kitchen

5-minute read

Down payment: What is it and how does it work?

Couple sitting on kitchen floor conversing with coffee.

9-minute read

What is a 30-year fixed mortgage?

Questions? We’ve got answers.

 Call (888) 452-8179
How can I know if my income qualifies for ONE+?

ONE+ has an income cap – also called an Area Median Income (AMI) requirement. That means you may qualify if your income is below a certain percentage of the AMI where you want to buy a home.

You can check your income using this look-up tool, but we encourage you to apply or chat with a Home Loan Expert. It’s the best way to find out which income guidelines apply to you. Even if your income doesn’t qualify, we could have other low down payment options for you.


 Is ONE+ only for first-time home buyers?

No, you don’t have to be a first-time home buyer to be eligible for ONE+.

 Can I put more than 1% down?

Yes, you can put down as much as 2.99% of the purchase price, and we’ll still cover an additional 2% down.

You might decide to put down more than 1% to lower your monthly mortgage payment, or you could decide to go with the lowest down payment and use the funds for closing costs. We’ll help you figure out which strategy is best for you.

 What type of loan is it?

It’s a 30-year fixed-rate conventional loan. This means that your payments are spread over 30 years and your interest rate stays the same for the entire length of the mortgage.

 If I’m interested, what are my next steps?

Whether you’re starting to look at homes or you’ve just made an offer, begin the approval process. You can do that by applying online or talking to a Home Loan Expert.

 Learn more about home buying

Don’t wonder what’s best. Ask us!

We’ve been helping clients find their perfect home loan for almost 40 years.

Call us

(888) 452-8179

Imagine becoming a homeowner with ONE+ by Rocket Mortgage

Start my approval

1Client will be required to pay a 1% down payment, with the ability to pay a maximum of 3%, and Rocket Mortgage will cover an additional 2% of the client’s purchase price as a down payment, or $2,000. Maximum grant amount is $7,000. Offer valid on primary residence, conventional loan products only. Maximum loan amount of $350,000. Cost of mortgage insurance premium passed through to client effective January 2, 2024. Offer valid only for home buyers when qualifying income is less than or equal to 80% area median income based on county where property is located. Not available with any other discounts or promotions and cannot be retroactively applied to previously closed loans or loans that have a locked rate. This is not a commitment to lend. Rocket Mortgage reserves the right to cancel/modify this offer at any time. Additional restrictions/conditions may apply.

2To qualify for this offer, you must meet all standard FHA eligibility requirements. In addition, your total mortgage payment, including taxes and insurance, cannot exceed 38% of your income, your debt-to-income (DTI) ratio cannot exceed 45%, and you must have 12 months of verifiable housing history immediately prior to your application, no late payments 30 days or greater in the last 12-months, and no derogatory marks on your credit report. Not available on jumbo loans. Asset statements may be needed, no more than 1 day of non-sufficient fund fees are allowed in the most recent 2 months prior to application. Additional restrictions/conditions may apply.