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Rocket Mortgage Offers Freddie Mac’s BorrowSmart Access Credit

Rocket Mortgage has become the first national lender to introduce Freddie Mac’s BorrowSmart Access program, which provides a $3,000 credit for first-time homebuyers to use on their down payment. So reports DBusiness.

Rocket Loans 150x150BorrowSmart Access is available to buyers who earn 140% or less of the area median income and meet all the rest of the Freddie Mac qualification guidelines for homes in the metro areas of Detroit, Atlanta, Chicago, El Paso, Memphis, Miami, Philadelphia, St. Louis, and three cities in Texas.

Bob Walters, CEO of Rocket Mortgage, said in a news statement, “BorrowSmart Access is the continuation of our commitment to narrow the homeownership gap.”

Read the full article from DBusiness.

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