![]() ![]() With this expansive AMI eligibility, the company estimates that more than 90 million people can meet the income requirements for this program-based on publicly available income data. ONE+ is a response to that feedback and the latest example of Rocket’s commitment to creating programs that help make homeownership more attainable.”ĭesigned to help everyday Americans achieve homeownership, Rocket Mortgage stated that ONE+ is available to homebuyers purchasing single-family homes-including manufactured homes-whose income is equal to or less than 80% of their area median income (AMI). “We talk with people from all walks of life every single day-many of whom are ready to own a home, and could easily make the monthly mortgage payments, but are having trouble saving for a down payment. No other lender has a mortgage option that makes affordable homeownership possible for as many Americans as ONE+,” said Bob Walters, CEO of Rocket Mortgage. “Rocket Mortgage prides itself on finding innovative solutions and lending programs that help clients achieve their goals in any market cycle. In addition to reducing upfront costs, Rocket Mortgage says ONE+ completely eliminates the expensive monthly mortgage insurance fee for the client -which is traditionally required if the buyer places less than 20% down on their purchase. ![]() With ONE+, Rocket Mortgage stated that a homebuyer is only required to make a down payment of 1% of the purchase price and they will cover the remaining 2% needed to reach the required threshold for conventional loans. Rocket Mortgage recently introduced ONE+, a new 1% down home loan program that will dramatically increase access to homeownership for millions of low-to-moderate-income earning Americans, the company has announced.
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