For Home Buyers

Purchase Plus

If you currently live in one of 21 metro areas, this special-purpose credit program can lower your upfront home buying costs by up to $7,000.1
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Purchase Plus helps put owning a home within reach.

Get A Base Credit Of $4,500

To reduce your upfront costs.

And Up To $2,500 More

Rocket Mortgage will contribute an additional 1% of the loan amount, up to $2,500.

30-Year Conventional Fixed Loan

Payments spread over 30 years are lower, and your interest rate stays the same.
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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 Purchase Plus, we could have other options for you.

Residency

You must currently live in certain metro areas to be eligible. The home you buy can be anywhere in the U.S.
See List

Buyer Status

At least one person on the loan must be a first-time home buyer.
About first-time buyers

Credit And Debt

A credit profile above 620 and less than 50% of your income going to pay debt.
About Credit And Debt

Upfront Costs

Will be around 6-12% of the loan amount. The program credit reduces these costs.
About Upfront Costs

Comparing Purchase Plus

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

Credit Toward Upfront Costs

Mortgage Insurance

Explore Loan Details

Purchase Plus

Income Cap

No

Learn More

Credit Toward Upfront Costs

Up To $7,000

Learn More

Mortgage Insurance

Reduced Pricing

Learn More

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Income Cap

Yes

Learn More

Credit Toward Upfront Costs

Up To $7,000

Learn More

Mortgage Insurance

Reduced Pricing

Learn More

/home-loans/one-plus

Learn More

Income Cap

Yes

Learn More

Credit Toward Upfront Costs

Up To $2,500

Learn More

Mortgage Insurance

Reduced Pricing

Learn More

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

Learn More

ONE+ By Rocket Mortgage®

Income Cap

No

Learn More

Credit Toward Upfront Costs

Up To $7,000

Learn More

Mortgage Insurance

Reduced Pricing

Learn More

undefined

Income Cap

Yes

Learn More

Credit Toward Upfront Costs

Up To $7,000

Learn More

Mortgage Insurance

Reduced Pricing

Learn More

/home-loans/one-plus

Learn More

Income Cap

Yes

Learn More

Credit Toward Upfront Costs

Up To $2,500

Learn More

Mortgage Insurance

Reduced Pricing

Learn More

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

Learn More

HomeReady® & Home Possible®

Income Cap

No

Learn More

Credit Toward Upfront Costs

Up To $7,000

Learn More

Mortgage Insurance

Reduced Pricing

Learn More

undefined

Income Cap

Yes

Learn More

Credit Toward Upfront Costs

Up To $7,000

Learn More

Mortgage Insurance

Reduced Pricing

Learn More

/home-loans/one-plus

Learn More

Income Cap

Yes

Learn More

Credit Toward Upfront Costs

Up To $2,500

Learn More

Mortgage Insurance

Reduced Pricing

Learn More

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

Learn More
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Get More In-Depth Details

Articles that give you more information about this loan and explain how mortgages work.
A Black couple with three young children celebrate getting the keys to their new home while sitting on the couch together.

7-Minute Read

How Special-Purpose Credit Programs Can Help Achieve Homeownership

A young white woman hugs her partner while holding the keys to their new home.

9-Minute Read

A Guide To First-Time Home Buyers Programs, Loans And Grants

A closing agent explains private mortgage insurance to a pair of home buyers.

9-Minute Read

What Is PMI? Private Mortgage Insurance Defined And Explained

A couple seated together on the kitchen floor.

10-Minute Read

What Is A 30-Year Fixed Mortgage?

A Black couple with three young children celebrate getting the keys to their new home while sitting on the couch together.

7-Minute Read

How Special-Purpose Credit Programs Can Help Achieve Homeownership

A young white woman hugs her partner while holding the keys to their new home.

9-Minute Read

A Guide To First-Time Home Buyers Programs, Loans And Grants

A closing agent explains private mortgage insurance to a pair of home buyers.

9-Minute Read

What Is PMI? Private Mortgage Insurance Defined And Explained

A couple seated together on the kitchen floor.

10-Minute Read

What Is A 30-Year Fixed Mortgage?

A Black couple with three young children celebrate getting the keys to their new home while sitting on the couch together.

7-Minute Read

How Special-Purpose Credit Programs Can Help Achieve Homeownership

A young white woman hugs her partner while holding the keys to their new home.

9-Minute Read

A Guide To First-Time Home Buyers Programs, Loans And Grants

A closing agent explains private mortgage insurance to a pair of home buyers.

9-Minute Read

What Is PMI? Private Mortgage Insurance Defined And Explained

A couple seated together on the kitchen floor.

10-Minute Read

What Is A 30-Year Fixed Mortgage?

Frequently Asked Questions

Answers to questions about this loan we heard from people like you during research.

Don’t wonder what’s best. Ask us!

Call Us

(888) 452-8179

Purchase Plus could put the keys to a home in your hand.

We’ve been helping clients find their perfect home loan for almost 40 years.
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1Eligible clients will receive the closing cost grant. Base grant amount is $4,500 for qualifying incomes less than or equal to 100% of the area median income, or $1,500 for qualifying incomes between 100-140%. Rocket Mortgage provides an additional grant equal to 1% of the loan amount, up to $2500. This offer is for first-time homebuyers with primary residences in specific census tracts in Atlanta-Sandy Springs-Roswell, GA; Baltimore-Columbia-Towson, MD; Chicago-Naperville-Elgin, IL, IN, WI; Detroit-Warren-Dearborn, MI; Memphis, TN, MO, AR; and Philadelphia-Camden-Wilmington, PA, NJ, DE. Valid from December 21, 2022. Nontransferable, not retroactive, and not redeemable for cash. Additional restrictions/conditions may apply. Rocket Mortgage reserves the right to cancel/modify this offer at any time.