The home loan that opens doors with lower costs.
Get A Base Credit Of $1,500
Rocket Mortgage Contributes Another $1,500
30-Year Conventional Fixed Loan
Guidelines For This Loan
Home Type
Buyer Status
Credit And Debt
Upfront Costs
Comparing BorrowSmart Access
Income Cap
Credit Towards Upfront Costs
Mortgage Insurance
Explore Loan Details
BorrowSmart Access
Income Cap
Yes
Learn MoreCredit Towards Upfront Costs
Up To $7,000
Learn MoreMortgage Insurance
Reduced Pricing
Learn More/home-loans/one-plus
Learn MoreIncome Cap
Yes
Learn MoreCredit Towards Upfront Costs
Up To $3,500
Learn MoreMortgage Insurance
Reduced Pricing
Learn More/home-loans/homeready-and-home-possible
Learn MoreOne+ By Rocket Mortgage®
Income Cap
Yes
Learn MoreCredit Towards Upfront Costs
Up To $7,000
Learn MoreMortgage Insurance
Reduced Pricing
Learn More/home-loans/one-plus
Learn MoreIncome Cap
Yes
Learn MoreCredit Towards Upfront Costs
Up To $3,500
Learn MoreMortgage Insurance
Reduced Pricing
Learn More/home-loans/homeready-and-home-possible
Learn MoreHomeReady® & Home Possible®
Income Cap
Yes
Learn MoreCredit Towards Upfront Costs
Up To $7,000
Learn MoreMortgage Insurance
Reduced Pricing
Learn More/home-loans/one-plus
Learn MoreIncome Cap
Yes
Learn MoreCredit Towards Upfront Costs
Up To $3,500
Learn MoreMortgage Insurance
Reduced Pricing
Learn More/home-loans/homeready-and-home-possible
Learn MoreGet More In-Depth Details
3-Minute Read
Guide To BorrowSmart Access
7-Minute Read
What’s A Special-Purpose Credit Program?
6-Minute Read
Down Payment: What Is It And How Does It Work?
3-Minute Read
Guide To BorrowSmart Access
7-Minute Read
What’s A Special-Purpose Credit Program?
6-Minute Read
Down Payment: What Is It And How Does It Work?
3-Minute Read
Guide To BorrowSmart Access
7-Minute Read
What’s A Special-Purpose Credit Program?
6-Minute Read
Down Payment: What Is It And How Does It Work?
Frequently Asked Questions
BorrowSmart Access is a 30-year conventional fixed rate mortgage that has some requirements meant to make buying a home affordable for more people.
- The home you're buying must be in one of 10 metro areas.1
- At least one person on the loan must be a first-time home buyer – that means you haven’t been on the title of a property in the last 3 years.
- You’ll also need a credit score of around 620 or better, and less than half your income going to pay debt.
If you think you meet requirements and guidelines for this loan, we encourage you to apply or talk to us. A Home Loan Expert will help you know if BorrowSmart is your best option.
BorrowSmart Access 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.