Rocket Mortgages’ Purchase Plus Grant helps first-time buyers in select cities cover closing costs and get into a home faster. We’ll walk you through how to qualify, apply, and maximize the benefit—step by step.
Verify Your Purchase Plus Program Eligibility
The Purchase Plus Grant is a special homebuyer program that offers up to $7,500 in lender credits to help cover your closing costs.
It’s available to first-time buyers purchasing a home in select areas across the U.S. The goal is to make homeownership more accessible—especially for those in underserved communities.
We’ll help you understand the requirements, check your eligibility, and take the right steps to apply.
Get a $5,000 base credit plus up to $2,500 more based on your home price—real savings at the closing table.
The grant is targeted to specific neighborhoods in cities like Atlanta, Detroit, Philadelphia, and more.
Designed to help renters make the leap to homeownership—no complicated background required.
From checking if your neighborhood qualifies to connecting you with a lender, we help make the process simple.
To be eligible, you’ll need to meet the following requirements:
Be a first-time homebuyer: You must not have owned a home in the last 3 years.
Buy a primary residence: The grant only applies to homes you plan to live in—not investment properties.
Purchase in a qualifying area: Eligible homes must be located in specific census tracts within select cities.
Use an approved loan type: You’ll need to use a conventional purchase loan with an approved lender.
Lock your loan after the program start date: Only new loans locked after February 11, 2025, are eligible.
The Purchase Plus Grant is currently available in select neighborhoods within six major metropolitan areas.
Eligibility is based on specific census tracts—targeted locations where this program can make the biggest impact.
Eligible metro areas include:
Atlanta, GA
Baltimore, MD
Chicago, IL
Detroit, MI
Memphis, TN
Philadelphia, PA
We’ll help you check if a specific address or neighborhood qualifies.
Getting started with the Purchase Plus Grant is easier than you think. Here’s how the process works:
Check eligibility – Confirm you’re a first-time buyer and your home is in a qualifying area.
Take a homebuyer education course – A short, one-on-one session helps prepare you for success.
Apply for a qualifying loan – Use a conventional purchase loan with an approved lender.
Receive up to $7,500 in lender credits – These funds are applied at closing to reduce your out-of-pocket costs.
We’ll guide you through each step to make sure you don’t miss a thing.
Have questions about how the Purchase Plus Grant works? Here are the answers to the most common things homebuyers want to know.
It’s a homebuyer assistance program offering up to $7,500 in lender credits to help first-time buyers with closing costs in select cities.
You must be a first-time homebuyer, use the home as your primary residence, and purchase in an eligible census tract within a participating metro area.
The grant is available in targeted neighborhoods within Atlanta, Baltimore, Chicago, Detroit, Memphis, and Philadelphia. Eligibility depends on the home’s location.
Yes, it’s a lender credit applied at closing—there’s no repayment required if you meet the program terms.
In some cases, yes. It depends on the lender’s guidelines and the specific programs involved.
No. The program is designed to help buyers who may not have high credit scores, but you must still meet the loan requirements.
You must use a conventional loan product from an approved lender that participates in the program.
You receive a $5,000 base credit plus an additional 1% of the home’s purchase price (up to $2,500), for a total of up to $7,500.
No, the grant is a non-repayable lender credit applied at closing—it’s not a loan or second mortgage.
Check if your area qualifies, complete a homebuyer education course, and apply through an approved lender. We can help you every step of the way.
