With low rates and personalized service, Rocket Mortgage specializes in guiding first-time buyers in the process of purchasing a home. Their team of mortgage specialists will walk you through the loan process and help suggest affordable rates and terms based on your financial situation.
In addition to mortgage loans for home purchases, Rocket Mortgage also offers refinance loans for those with existing mortgages. You easily apply online where you'll encounter live real-time rates on a variety of loan options including 15-year fixed, 30-year fixed, and FHA loans.
Before applying, you determine your eligibility by using the Rocket Mortgage calculator. The handy tool helps determine how much you can afford and for which types of loans you qualify. During the application process, you’ll need to provide basic information about your employment, finances, and current living situation.
Convenient features make it extremely quick and easy to finish the application and move forward with the process. The completely paperless application allows you to handle everything online. You won’t need to bother printing and scanning bank statements or bills. The service also seamlessly integrates with your online bank account.
Rates and fees associated with Rocket Mortgage depend on the applicant and loan offer. Rocket Mortgage guarantees no hidden fees. Before selecting your mortgage loan, Rocket Mortgage will clearly present accurate, updated fees and rates. For purchasing a single-unit primary residence, you can pay as little as 3.5% down (for FHA loans).
Rocket Mortgage repayment terms vary, and you'll have a range of loan options available. Before selecting a loan, you can easily compare options to choose the best terms for your financial situation. You can even adjust repayment terms to see how it will affect monthly mortgage payments.
Rocket Mortgage provides the following loans and terms:
Fixed-rate mortgage: 15-year and 30-year fixed-rate mortgage loans where the rate will remain unchanged over the entire mortgage period.
Adjustable-rate mortgage: With an adjustable-rate mortgage, the interest rate is likely to change over time. Rocket Mortgage offers 7- and 10-year adjustable-rate mortgages.
Federal Housing Administration (FHA) Loans: FHA loans include 30-, 25-, 20-, and 15-year fixed-rate terms as well as 5-year ARMs. If you qualify, you can buy a home with as little as 3.5% down.
Veteran Affairs loans (VA loans): Rocket Mortgage offers 30-, 20- and 15-year fixed-rate loans as well as 5-year ARM VA loans with no down payment or private mortgage insurance required.
Jumbo loans: Rocket Mortgage jumbo loans require a minimum credit score of 700 to secure a loan for $1 million or more.
Refinancing: Rocket Mortgage has a range of options for refinancing your current mortgage.
Rocket Mortgage strives to provide outstanding support to its customers. Knowledgeable lending experts walk you through the entire mortgage process. If you do need to contact their team you can do so via live chat, email, or phone.
Phone support is available during the following hours:
Phone support:
Monday – Friday: 9:00 a.m. – midnight ET
Saturday: 9:00 a.m. – 8:00 p.m. ET
Sunday: 9:00 a.m. – 7:00 p.m. ET
Chat support is available during the following hours:
Live chat:
Monday – Friday: 7:00 a.m. – midnight ET
Saturday & Sunday: 9:00 a.m. – midnight ET