Buy A Home With Just 1% Down

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How to Buy a Home with Just 1% Down Payment

ONE+ By Rocket Mortgage® offers an exciting option for those looking to buy a home with little down payment. With this program, the buyer is responsible for contributing 1% of the purchase price towards the down payment. Rocket Mortgage then provides an additional 2% down payment grant. That 2% grant is non-repayable, meaning the buyer never has to pay that grant money back. To provide even more savings to the buyer, Rocket Mortage also covers the cost of the mortgage insurance. In order to qualify for this loan, the buyer must have a minimum credit score of 620 and an income that is less than or equal to 80% of the Area Median Income (AMI). As of 2023 in Loudoun and Fairfax Counties, the AMI is $120,320. You can look up the current AMI of different locations with FannieMae's Area Median Income Lookup Tool. ONE+ can only be used for the purchase of a single-unit primary residence, such as a detached home, townhouse, or condo. The 1% down payment requirement can come from eligible gifts or other grant funds, meaning the buyer could potentially purchase a home with zero down payment from their own pocket. Both first-time and repeat homeowners are eligible for ONE+. 

Want to connect with Sara to see if ONE+ could work for your home purchase? 

Sara Sullivan- APPLY NOW

Cell:850.454.4602

Email: [email protected]

NMLS 643514

61 Properties
Page 1 of 6
Coming Soon on 05/31
266 N Cottage Rd Sterling,  VA 20164
$450,000
Neighborhood: Sugarland Run
4
Beds
2F11/2
Baths
1,678
Sq.Ft.
1974
Year Built
1
Day on Site
VALO2072010
MLS
Coming Soon on 05/31
46724 Summit Terrace Sterling,  VA 20164
$395,000
Condo: Rolling Ridge Townhome Condo
2
Beds
2
Baths
974
Sq.Ft.
1991
Year Built
1
Day on Site
VALO2071746
MLS
Coming Soon on 06/05
41855 Inspiration Terrace Aldie,  VA 20105
$465,000
Condo: Condominiums At Kirkpatrick
2
Beds
2F11/2
Baths
1,664
Sq.Ft.
2007
Year Built
1
Day on Site
VALO2072090
MLS
Coming Soon on 05/31
43095 Wynridge Dr #205 Broadlands,  VA 20148
$489,000
Neighborhood: Signature At Broadlands
3
Beds
2
Baths
1,712
Sq.Ft.
2019
Year Built
1
Day on Site
VALO2071822
MLS
Coming Soon on 05/31
41984 Blue Flag Terrace Aldie,  VA 20105
$490,000
Condo: Stone Springs Condominiums
3
Beds
3F11/2
Baths
1,965
Sq.Ft.
2006
Year Built
1
Day on Site
VALO2072196
MLS
Coming Soon on 06/06
700 Giles Place Sterling,  VA 20164
$449,000
Condo: Huntington Ridge
3
Beds
2F21/2
Baths
1,620
Sq.Ft.
1981
Year Built
1
Day on Site
VALO2072220
MLS
$318,500
Neighborhood: Fox Chase/Exeter
2
Beds
2
Baths
1,003
Sq.Ft.
1991
Year Built
8
Days on Site
VALO2071702
MLS
$499,900
Neighborhood: Sterling Park
3
Beds
2
Baths
1,272
Sq.Ft.
1974
Year Built
2
Days on Site
VALO2072064
MLS
$319,000
Condo: Heritage Square
3
Beds
1F11/2
Baths
1,176
Sq.Ft.
1985
Year Built
2
Days on Site
VALO2072016
MLS
$450,000
Neighborhood: Broad Run Farms
3
Beds
1
Baths
1,008
Sq.Ft.
1968
Year Built
2
Days on Site
VALO2072140
MLS
Coming Soon on 05/30
25280 Lake Shore Square #301 Chantilly,  VA 20152
$450,000
Neighborhood: Lakeside At South Riding
2
Beds
2
Baths
1,230
Sq.Ft.
1996
Year Built
3
Days on Site
VALO2072036
MLS
Coming Soon on 06/01
46891 Eaton Terrace #301 Sterling,  VA 20164
$395,000
Neighborhood: Chatham Green Condominium
2
Beds
1F11/2
Baths
1,031
Sq.Ft.
1993
Year Built
3
Days on Site
VALO2072066
MLS

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