Rocket Mortgage · verified 2026-08-05
Purchase Plus: down payment help, plainly
Purchase Plus from Rocket Mortgage provides $4,500 + 1% of loan toward a home purchase, never repaid. ClosingReady can close it.
The facts
| Structure | Grant — never repaid |
| Amount | $4,500 + 1% of loan |
| Minimum credit | Not published — verify |
| Income cap | 140% of area median income |
| Purchase price cap | None |
| Loan cap | None |
| Geography | Specific census tracts within eligible metros, incl. Detroit-Warren-Dearborn, MI |
| First-time buyer required | Yes |
| Homebuyer education | Not published — verify |
Who this is for
- First-time buyer in an eligible census tract
What to watch
- Tract-scoped — eligibility is by address, not by city.
Not yet confirmed against the issuer's own material:
- Minimum credit score
- Homebuyer education requirement
- The current eligible-tract list for Detroit-Warren-Dearborn
Source: Rocket Mortgage's published program page · last verified 2026-08-05. Program terms change without notice; confirm current terms before writing an offer around them.
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Common questions
How much does Purchase Plus provide?
$4,500 + 1% of loan — a maximum, not a quote; the exact figure depends on your price, loan and profile. Structure: grant — never repaid.
Do I have to repay Purchase Plus?
No. Grant — never repaid.
Who qualifies for Purchase Plus?
First-time buyer in an eligible census tract. Income capped at 140% of area median.