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Rocket Launches 1% Down Home Loan Program

Rocket Mortgage has rolled out a new 1% down home loan program called ONE+. So reports RISMedia.

Rocket Loans 150x150The program requires homebuyers to make a down payment of only 1% of the purchase price, with Rocket covering the extra 2% to qualify as a conventional loan.

Rocket said that ONE+ is available to buyers of single-family homes whose income is no more than 80% of their area median income.

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