You bring in 1% of the purchase price and rocket will bring the remaining 2%!
Requirements
- You can’t qualify if you make higher than 80% of the median income in the area in which you’re looking to buy.
- You can look up your area's median income with Fannie Mae's lookup tool.2.You need a qualifying FICO® Score of 620 or better.
- This is for single-unit primary residences only. When combined with our 2% grant, your initial down payment can be no more than 5%.
- There's a $350,000 upper loan limit on this conventional option
Benefits
- Conventional loan, No upfront mortgage insurance.
- Competitive rates.
- Temporary buydown available (from eligible sources including the builder, seller or a real estate agent)
Your Next Steps
- Request an appointment with our specialist.
- Review your options
- Select the best buyers program FOR YOU