You could make homeownership a reality with as little as 1% down. The plus? We cover an additional 2% of your down payment.
If your details are close to these guidelines, we encourage you to apply or talk to us. Even if you don’t qualify for ONE+, we could have other options for you.
ONE+ was created to make it easier to buy a home, so it has income eligibility requirements. We'll help you know if you meet them.
Must be a single family home and your primary residence. Condo's and townhomes are OK
You’ll need a 620 credit score and and less than 50% of your gross income going towards your debt.
You'll need at least 1% of the purchase price for your down payment.
Everyone’s situation is different. What might be right for one person might not be right for you. Apply or contact us – it’s the best way to explore your unique options.
Answers to questions about this loan we’ve heard from people like you.
ONE+ has an income cap – also called an Area Median Income (AMI) requirement. That means you may qualify if your income is below a certain percentage of the AMI where you want to buy a home.
We encourage you to apply or chat with a Home Loan Expert. It’s the best way to find out which income guidelines apply to you. Even if your income doesn’t qualify, we could have other low down payment options for you.
You don’t have to be a first-time home buyer to be eligible for ONE+. A first-time home buyer is someone who’s never bought a home before, or hasn’t had ownership in a home during the past three years.
Yes, you can put as much as 2.99% of the home’s purchase price down. We will still add another 2%.
Why put down more? The more you put down, the lower your monthly mortgage payment will be.
Or you could decide to go with the lowest down payment and use the funds for closing costs.
We’ll help you know which strategy is best for you.
Whether you’re starting to look at homes or you’ve just made an offer, begin the approval process. You can do that by applying online or talking to a Home Loan Expert.
After that, the next big milestone is getting your offer on a home accepted. Then you’ll start getting your mortgage. That includes things like getting an appraisal, providing documents to verify your information, and title work.
This all gets you to the day you close and officially become owner of the home.
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1Client will be required to pay a 1% down payment, with the ability to pay a maximum of 3%, and our lending partner, Rocket Mortgage will cover an additional 2% of the client’s purchase price as a down payment, or $2,000. Maximum grant amount is $7,000. Offer valid on primary residence, conventional loan products only. Maximum loan amount of $350,000. Cost of mortgage insurance premium passed through to client effective January 2, 2024. Offer valid only for home buyers when qualifying income is less than or equal to 80% area median income based on county where property is located. Not available with any other discounts or promotions and cannot be retroactively applied to previously closed loans or loans that have a locked rate. This is not a commitment to lend. Goodway Mortgage reserves the right to cancel/modify this offer at any time. Additional restrictions/conditions may apply.
