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.
EXCELLENT Based on 13 reviews Jake WahlinTrustindex verifies that the original source of the review is Google. Victor Emmel has been amazing to work with. I will be recommending him to all of my friends and family. Thanks again Victor! Austin RobisonTrustindex verifies that the original source of the review is Google. Victor was great to work with answered all my questions and wad helpful every step of the way Lexi DTrustindex verifies that the original source of the review is Google. Victor is the best. Working with him was so easy! As a first-time homebuyer, there was a lot we didn't know coming into the process, but Victor always explained each option to us in an easy-to-understand way. I always felt as though he had our best interests in mind. He always responded to my communications in a timely manner, and was never frustrated or annoyed by my questions. He helped us close on our house in a little less than a month! I recommend him to anyone!! Makenzie PhippsTrustindex verifies that the original source of the review is Google. Victor is awesome, we have worked multiple transactions with him. He always is so helpful, answers any and all questions! He is wonderful and we would recommend him to anyone getting ready to buy a home. ☺️ Nusha NushaTrustindex verifies that the original source of the review is Google. We had very pleasant experience! Always quick responses, very clear explanations. Everything was done very fast and on time:) Joe MartinezTrustindex verifies that the original source of the review is Google. Victor was wonderful when it came to refinancing my home. He was very professional, kept me updated throughout the whole process and made it very easy during the whole refinance. I will recommend Victor to anyone looking to refinance their home in the future. 5 star service for sure. Dominique WareTrustindex verifies that the original source of the review is Google. Victor is one of the best loan officer's in the state of Utah! Laurie WardTrustindex verifies that the original source of the review is Google. I was trying to refinance my house through my own mortgage company for 4 months we tried to close twice but I would look at the disclosure and the numbers were wrong. They set up a third appointment and I saw they did not change anything on there but expected me to sign it anyway I told them no and I am not doing this again. I contacted Victor Emmel and let him know what happened and he said he could help me and we closed in 3 weeks! Amazing and the numbers were correct! I will continue to use him in the future and tell my family and friends. He is the best! Frank GomezTrustindex verifies that the original source of the review is Google. What an amazing and positive experience!!! It was so refreshing to work with a professional who knows what they are doing!! Going into this my wife and I had high anxiety of hoping we wouldn't get jerked around. Victor from the very beginning made us feel very comfortable and calm about the process. He explained everything to us in detail and not once got frustrated with us for asking the same questions over and over. In fact he said he understood and reassured us everything is moving forward as discussed. He was very knowledgeable and so personable!! When we finally signed the papers and closed, my wife cried in my arms and all I could think about was how awesome Victor was and the great job he did for us! He literally changed our lives for the better and I couldn't say enough good things about him. I highly recommend Victor for any mortgage needs you may have! 5 Stars all the way, thank you Victor!!!!!! Debbie AndrushkoTrustindex verifies that the original source of the review is Google. Victor was so helpful and knowledgeable and I had no worries during my lending process. I would highly recommend.
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.