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Rocket Mortgage ONE+ By Rocket Mortgage Program

Statewide, California

Last verified
See what you qualify for
Assistance

0.02%

Of the purchase price, as the program sets it

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Grant

Not repaid

What is Rocket Mortgage ONE+ By Rocket Mortgage Program?

Rocket Mortgage ONE+ By Rocket Mortgage Program is a grant for homebuyers in Statewide, California.

  • 1% borrower + 2% Rocket grant = 3% down. Conventional product, no PMI on certain tiers. HomeReady / Home Possible compatible.
  • Borrower puts 1% down, Rocket Mortgage contributes 2% — total 3% down payment with no PMI. Pairs with Fannie Mae HomeReady or Freddie Mac Home Possible.
  • Funding comes from Rocket Mortgage.

How much assistance does it provide?

Rocket Mortgage ONE+ By Rocket Mortgage Program provides assistance worth 0.02% of the purchase price, as set by the program.

  • The program asks buyers to contribute 1% borrower personal funds.
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Rocket Mortgage ONE+ By Rocket Mortgage Program is structured as a grant, so it is not repaid.

  • Repayment is triggered by none (grant).
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Rocket Mortgage ONE+ By Rocket Mortgage Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • Sourced via Homebuyer Wallet (US20250002). Income at or below 80% AMI. No first-time homebuyer requirement. Pairs with HomeReady or Home Possible.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Rocket Mortgage ONE+ By Rocket Mortgage Program limits household income to 80% of the area median income, which varies by county and household size.

  • At or below 80% area median income.
  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Rocket Mortgage ONE+ By Rocket Mortgage Program can be used for Single-family, Condo, Townhouse.

Where does it apply?

Rocket Mortgage ONE+ By Rocket Mortgage Program serves buyers purchasing in Statewide, California.

How do you apply?

Applications for Rocket Mortgage ONE+ By Rocket Mortgage Program go through the administering agency.

  1. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  2. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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