Rocket Mortgage introduced a new 1% down home loan program aiming to target more than 90 million borrowers.Rocket's new product comes on the heels of rival United Wholesale Mortgage (UWM) rolling out a similar program.Dubbed ONE+, a buyer using this program who's purchasing a single-family home, and whose income is equal to or less than 80% of their area median income (AMI), is only required to make a down payment of 1% of the purchase price.
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