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
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.

Legal disclosure

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.

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.

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

Get low-stakes guidance before you apply

Call or chat with one of our mortgage experts and get answers, not obligations. Our experts will help you estimate your unique rate and understand the best options for you.

A Rocket Mortgage home loan expert wearing a headset helps a client review their mortgage.A Rocket Mortgage home loan expert wearing a headset helps a client review their mortgage.

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

ONE+

ONE+
HomeReady® & Home Possible®
FHA

ONE+

Income cap

Yes

Down payment as low as

1%

Mortgage insurance

Yes

Income cap

Yes

Down payment as low as

3%

Mortgage insurance

Yes

Learn more

Income cap

No

Down payment as low as

3.5%

Mortgage insurance

Yes

Learn more

HomeReady® & Home Possible®

ONE+
HomeReady® & Home Possible®
FHA

HomeReady® & Home Possible®

Income cap

Yes

Down payment as low as

1%

Mortgage insurance

Yes

Income cap

Yes

Down payment as low as

3%

Mortgage insurance

Yes

Learn more

Income cap

No

Down payment as low as

3.5%

Mortgage insurance

Yes

Learn more

FHA

ONE+
HomeReady® & Home Possible®
FHA

FHA

Income cap

Yes

Down payment as low as

1%

Mortgage insurance

Yes

Income cap

Yes

Down payment as low as

3%

Mortgage insurance

Yes

Learn more

Income cap

No

Down payment as low as

3.5%

Mortgage insurance

Yes

Learn more

ONE+

ONE+
HomeReady® & Home Possible®
FHA

HomeReady® & Home Possible®

ONE+
HomeReady® & Home Possible®
FHA

Income cap

Yes

Yes

Down payment as low as

1%

3%

Mortgage insurance

Yes

Yes

Learn more

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.

Frequently asked questions

Answers to the most common questions we get about 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.


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

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.

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.

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

Important legal disclosures

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.