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

Comparing ONE+ by Rocket Mortgage

Everyone’s situation is different. What might be right for one person might not be right for you. Apply or contact us – it’s the best way to explore your unique options.

Income cap

Down payment as low as

Mortgage insurance

Link to loan type

ONE+

Income cap

Yes

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Down payment as low as

1%

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Mortgage insurance

Yes

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Income cap

Yes

Learn more

Down payment as low as

3%

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Mortgage insurance

Yes

Learn more

https://www.rocketmortgage.com/learn/homeready

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Income cap

No

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Down payment as low as

3.5%

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Mortgage insurance

Yes

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/home-loans/fha-loan

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HomeReady® & Home Possible®

Income cap

Yes

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Down payment as low as

1%

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Mortgage insurance

Yes

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Income cap

Yes

Learn more

Down payment as low as

3%

Learn more

Mortgage insurance

Yes

Learn more

https://www.rocketmortgage.com/learn/homeready

Learn more

Income cap

No

Learn more

Down payment as low as

3.5%

Learn more

Mortgage insurance

Yes

Learn more

/home-loans/fha-loan

Learn more

FHA

Income cap

Yes

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Down payment as low as

1%

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Mortgage insurance

Yes

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Income cap

Yes

Learn more

Down payment as low as

3%

Learn more

Mortgage insurance

Yes

Learn more

https://www.rocketmortgage.com/learn/homeready

Learn more

Income cap

No

Learn more

Down payment as low as

3.5%

Learn more

Mortgage insurance

Yes

Learn more

/home-loans/fha-loan

Learn more
 Start my approval

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?

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?

Frequently asked questions

Answers to the most common questions we get about ONE+
 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.