Conventional products

ConformingHigh-balanceONE+Home Possible® and HomeReady®
family eating around the table

Fixed and adjustable

Conforming

30-year fixed is our most popular loan product, and we also offer 7- and 10-year ARMs. Available for single-family residence, condo, manufactured home, PUD, NY co-op, and 1-4 unit properties.

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Eligibility guidelines

620

Min. credit score

$806,500¹

Max. loan amount

3%

Min. down payment

Primary, secondary, and investment

Occupancy types

Additional product features

Reduce

interest

rates

Temporary Buydown

Lower your clients’ interest rate2 for the first 1-3 years of their loan.

  1. Build stronger relationships with clients and real estate agents by offering initial interest rate relief in a tough purchase market.
  2. Get more ways to fund the buydown. Real estate agents, home sellers, builders, or correspondent lenders can contribute.

Save

clients

thousands

Private Mortgage Insurance

Save your clients thousands of dollars over the life of their loan with our competitive PMI.

  1. Easily show your clients exactly how they’re saving compared to the industry average with our comparison tool.
  2. Offer your clients more buying power by qualifying them with lower mortgage insurance payments.

Every partner. Every time. No exceptions. No excuses.

Partner with us

1Subject to county loan limits.


2Additional terms and conditions may apply.




Temporary Buydown: The 3-2-1 temporary rate buydown option and the ability for the buydown to be split and funded by two parties (sellers, builders or real estate agents) is available for clients who lock their rate on or after May 9, 2023. Builder consent and funding is only applicable if they are the seller of the home. Wholesale brokers and clients cannot cover buydowns. Clients choosing a 3-2-1 temporary buydown are eligible to receive an effective rate reduction of 3% for the first year of the mortgage, 2% for the second year and 1% for the third year. Other temporary buydown options are available. Temporary buydowns are eligible for primary residences and second homes for conventional loans and only primary residences for government loans. The 3-2-1 temporary buydown is not available for FHA loans. Buydown funds may not be redeemed for cash or credit and are nontransferable. The new buydown features cannot be retroactively applied to any loans in process or closed loans. Program is subject to changes or cancellation at any time at the sole discretion of Rocket Mortgage. Additional restrictions/conditions may apply. This is not a commitment to lend.



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