Purchase a home with 1% down and no monthly pmi

Didier Malagies • May 23, 2023


We’re making homeownership a reality for more clients with a
new low down payment option, ONE+ by Rocket Mortgage®.


Increasing interest rates, housing prices and inflation have made more clients pause their
home search. Not anymore. With this new low down payment product, we can get those
clients back into the market and into their new home, without the hefty down payment. It’s a
win for them and for you!


We’re making homeownership affordable for more clients with this new product. It also
comes with one big advantage for you: the opportunity to grow your business and serve
more clients. Clients put down 1% and our partner lender will cover the other 2%. Your clients
get all the benefits of a 3% down payment1 and can save big and strengthen their eligibility
since they don't have to pay the mortgage insurance.


Who is eligible?


This product is for eligible first-time home buyers and repeat home buyers who make less than
or equal to 80% of the area median income (AMI) of the location they’re buying in. It’s only
available for purchase loans with a maximum loan amount of $350,000 and can’t be
combined with other promotions.


Contact me to help your clients take advantage of this exclusive opportunity today!


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By Didier Malagies November 28, 2025
 New conforming loan limits increase to $832,750, which is great considering we have had price decreases on homes this year. So if you put down 3% the purchase price would be $858,051, and 5% down would be $876,578. Why would that matter? Well, you go above, and you are in Jumbo territory, where you have to put 20% down vs the 3% or 5% down. So, really great news that there is an increase, and when rates do come down, there will be all the homeowners who have the low interest rates, probably make a move to either downsize or upsize on their home, which will create activity and an increase in home prices. So overall, exciting to see the loan amounts increase to help offset the higher home prices tune in and learn https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329
By Didier Malagies November 24, 2025
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By Didier Malagies November 18, 2025
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