ONE+ by Rocket Mortgage is a 1% down payment option - Page 2

doubledog

Joined: Nov 5, 2008

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2:37p, 6/13/25

10% down, so you are not underwater on the loan (from day one). Otherwise you are playing with fire.

Heineken-Ashi

Joined: Jul 15, 2022

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In reply to Gaeilge • 3:28p, 6/13/25

Gaeilge said:
Heineken-Ashi said:
Smells like desperation from a company that isn't originating enough mortgages to justify their recent acquisitions and capex spend.
No one is originating enough mortgages right now.

Houston's median sale price is down ~5.6% YOY. Sales are down 1% YOY and median days on market is up over 15%.

https://www.redfin.com/city/8903/TX/Houston/housing-market

Um.. that's the point.

Also, great job posting stats put out by a private company being acquired by rocket mortgage.

jja79

Joined: May 24, 2002

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In reply to doubledog • 3:30p, 6/13/25

What proof of that do you have?

TheBonifaceOption

Joined: Mar 17, 2014

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In reply to doubledog • 3:51p, 6/13/25

doubledog said:
10% down, so you are not underwater on the loan (from day one). Otherwise you are playing with fire.

Most people dont have 10% plus $8k in closing costs just lying around...even people that arent broke. Holding liquidity like that is crazy.