For Home Buyers

one+ Program

You could make homeownership a reality with as little as 1% down. The plus? Lender covers an additional 2% of your down payment.1

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A home loan that makes home more affordable

Lender covers 2% of down payment

With the 1% that adds up to 3%, which means a smaller monthly mortgage payment for the home buyer

30-year fixed rate

Most popular because it has the lowest payment and an interest rate that doesn’t change.

Guidelines for this loan

If your details are close to these guidelines, we encourage your customer to apply or talk to us. Even if you they qualify for ONE+, we could have other options for them.

Income

One+ was created to make it easier to buy a home, so it has income eligibility requirements. We’ll help your buyers know if they meet them.

The home

Must be a single-family home and a primary residence.

Credit and debt

Buyers will need a credit profile above 620 and less than 50% of their income going to pay debt.

Closing costs

In addition to the down payment, they’ll need enough funds to cover standard closing costs.

Customer get low-stakes guidance before applying

Call or chat with one of our mortgage experts and get answers, not obligations. Our experts will help you estimate your unique rate and understand the best options for you.

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Frequently asked questions

Answers to the most common questions we get about ONE+

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.

You can check your income using this look-up tool, but 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.

No, you don’t have to be a first-time home buyer to be eligible for ONE+.

Yes, you can put down as much as 2.99% of the purchase price, and we’ll still cover an additional 2% down.

You might decide to put down more than 1% to lower your monthly mortgage payment, or you could decide to go with the lowest down payment and use the funds for closing costs. We’ll help you figure out which strategy is best for you.

It’s a 30-year fixed-rate conventional loan. This means that your payments are spread over 30 years and your interest rate stays the same for the entire length of the mortgage.