BorrowSmart Access

FOR HOME BUYERS

BorrowSmart Access™: Down Payment Help for First-Time Buyers

BorrowSmart Access™ is designed to help eligible first-time homebuyers bridge the gap to homeownership by providing down payment assistance and reduced mortgage insurance. Perfect for buyers in select metro areas, this program combines affordability and flexibility to make getting into your first home easier than ever.

A home loan that makes home more affordable.

Down Payment Help

Receive assistance toward your 3% down payment.

Lower Monthly Payment

Reduced mortgage insurance premiums and competitive interest rates.

Education and Support

Includes a free homebuyer education course.

Stackable Benefits

Can be combined with other assistance programs.

Guidelines for this Loan

If your details are close to these guidelines, we encourage you to apply or contact us. Even if you don’t qualify for an adjustable-rate mortgage, we could have other options for you.

First Time Buyer

Must not have owned a home in the past 3 years.

Location

Home must be located in an eligible metro area.

Credit Score

Minimum score of 620 required.

Income Limits

Must fall within area median income guidelines.

Estimate and Explore

Calculators are a great way to learn and see what’s possible.

Comparing BorrowSmart Access

Everyone’s situation is different. What might be right for one person might not be right for you. Apply or contact us – it’s the best way to explore your unique options.

Income Cap

Yes

Credit Towards Upfront Costs

Up To $3,000

Up To $7,000

Up To $3,500

Mortgage Insurance

Standard Pricing

Reduced Pricing

Learn More

Income Cap

Yes

Credit Towards Upfront Costs

Up To $3,000

Up To $7,000

Up To $3,500

Mortgage Insurance

Standard Pricing

Reduced Pricing

Learn More

Income Cap: Yes

Credit Towards Upfront Costs: Up To $3,000

Mortgage Insurance: Standard Pricing

Learn More

One+ By Rocket Mortgage®

Income Cap: Yes

Credit Towards Upfront Costs: Up To $7,000

Mortgage Insurance: Reduced Pricing

Learn More

HomeReady® & Home Possible®

Income Cap: Yes

Credit Towards Upfront Costs: Up To $3,500

Mortgage Insurance: Reduced Pricing

Learn More

Get More In-Depth Details

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Frequently Asked Questions

Answers to questions about this loan we heard from people like you during research.

How Much Assistance Can I Get?

Assistance varies by location and borrower eligibility, but can range from $1,000 to $2,500 or more.

What are the income limits?

Income must generally be below 80%–100% of the Area Median Income (AMI), depending on the county. Ask a loan advisor to confirm your eligibility.

Can I Use This with Other Programs?

Yes! BorrowSmart Access™ can be layered with other grants, credits, or seller/lender-paid contributions.

Do I Have to Repay the Assistance?

Most assistance provided through BorrowSmart Access™ is a non-repayable grant or forgivable after a set period—verify specifics with your lender.

Is There a Special Application Process?

Yes, and it includes completing a free homebuyer education course and submitting proof of eligibility.

FOR HOME BUYERS