Buy a home
with just 1% down
If saving for a large down payment has been a roadblock on your path to homeownership, Rate’s OneDown Program could be the solution.
With just 1% down, eligible buyers could receive up to $4,000 in lender-funded assistance to help cover the rest. OneDown makes it easier than ever to purchase a home.
Why choose the OneDown Program?
This isn’t your average loan. OneDown was built for buyers who want affordability and a faster path to ownership, without draining their savings.
Here's what makes OneDown different:
Only 1% down payment required
Up to $4,000 in lender-funded assistance
Primary residence only eligible for this loan
Loan amounts up to conforming loan limits
No geographic restrictions, available nationwide
How does OneDown work?
- Earn under 80% the area median income of the subject property? You could qualify for up to $4,000 lender-funded assistance.
- Use the financial assistance for greater buying power and a faster path to homeownership.
- No need to save 5%, 10% or 20% for a down payment.
- No geographic restrictions. Available nationwide.
Who can benefit from OneDown?
Anyone who’s ready to buy with less out-of-pocket money upfront.
Whether you’re a first-time homebuyer, upgrading, downsizing or relocating, this program is designed to help you move forward without the traditional 3%-20% down payment burden.
How to qualify
Eligibility is simple, and the process is quick. If you meet the program guidelines,
you could get the keys to your new home with a fraction of the typical upfront
cost. Ready to unlock the door to homeownership
with just 1% down?
Rate's OneDown loan program is for purchase transactions of primary residences. Property type restrictions apply. Eligible occupant borrowers’ income must be less than 80% of area median income and borrowers must contribute a minimum of 1% down payment from borrower's own funds. Any additional down payment or funds required to close must be from an eligible source. At least one borrower must complete Homebuyer Education when all occupying borrowers are first time homebuyers. Applicant subject to credit and underwriting approval. Restrictions apply.