1% down Payment Program
1% down Payment Program
Hey there, future homeowner! Are you dreaming about owning your first home but feeling a bit hesitant about the down payment? What if I told you there’s a way to do it with just 1% down? Intriguing, isn’t it? Let me introduce you to Rocket Mortgage’s ONE+ program – a real game-changer for first-time homebuyers just like you.
Buying your first home is a milestone, a significant step in your life. It’s a journey filled with hope, anticipation, and maybe a touch of anxiety about financial commitments. Well, that’s where Rocket Mortgage’s ONE+ comes in, turning that anxiety into excitement.
The ONE+ program has been specially designed to help first-time homebuyers make that leap into homeownership. It offers you the opportunity to contribute only 1% of the property’s purchase price as your down payment. You heard that right! Just 1%! What’s more, Rocket Mortgage steps up to cover the remaining 2% of the down payment. Isn’t that a relief?
Now, if you’re wondering about those pesky monthly mortgage insurance fees that usually come into play when you place less than 20% down, here’s more good news! Rocket Mortgage’s ONE+ eliminates this fee completely. It’s like having your cake and eating it too!
But of course, there are some requirements. The program caters to those who meet specific income and property criteria. For instance, your income needs to be equal to or less than 80% of the area median income. Don’t worry; this is a common scenario for many first-time homebuyers.
And here comes the convenience part – the application process for ONE+ is as smooth as silk. You can apply online, right from the comfort of your home, or even on the go using the Rocket Mortgage mobile app. If you prefer a more personal approach, you can also apply through a mortgage broker.
In a nutshell, Rocket Mortgage’s ONE+ program is a unique opportunity that helps to lower the financial barriers to homeownership. It allows you to jumpstart your journey towards owning your dream home with just a 1% down payment, while also providing support with the additional 2% and abolishing the monthly mortgage insurance fee.
This isn’t just a mortgage program; it’s your ticket to fulfilling your homeownership dreams. So, if you’ve been on the fence about buying your first home, it’s time to make a move. The ONE+ program from Rocket Mortgage could be the key that unlocks your dream home. So, what are you waiting for? This could be your moment to make your homeownership dream come true. Take the plunge, apply for Rocket Mortgage’s ONE+ program today, and before you know it, you could be holding the keys to your very first home!
