Rocket Mortgage expanded its special-purpose credit program that will offer a $3,000 credit for first-time homebuyers to use toward their downpayment in select cities.

The Detroit-headquarterd lender will offer Freddie Mac‘s BorrowSmart Access program for buyers who are purchasing a home in counties across 10 metropolitan areas — Atlanta, Chicago, Detroit, El Paso, Houston, McAllen, Memphis, Miami, Philadelphia and St. Louis, the lender said Tuesday. Buyers must have an income equal to or less than 140% of the area median income and meet all other Freddie Mac lending guidelines.

“BorrowSmart Access is the continuation details ⇒

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