Navigating mortgage paperwork can be overwhelming—but Rocket Mortgage sets itself apart with a fully digital process that simplifies every step. From pre-approval to closing, it offers speed, transparency, and convenience, making home financing easier than ever. Here’s what you need to know.
About Rocket Mortgage
Rocket Mortgage provides a wide range of mortgage loan options to suit different financial needs and homeownership goals. Available categories include:
- Fixed-Rate Mortgages: Lock in an interest rate for the life of the loan, with predictable monthly payments. Terms include 30, 20, and 15 years.
- Adjustable-Rate Mortgages (ARMs): Enjoy a lower fixed rate for an initial period (typically 5, 7, or 10 years), followed by rate adjustments based on market trends.
- FHA Loans: Backed by the Federal Housing Administration, these are ideal for buyers with lower credit scores or who need to make a small down payment, starting at 3.5%.
- VA Loans: Guaranteed by the U.S. Department of Veterans Affairs, these loans are designed for veterans, active-duty service members, and eligible spouses, often requiring no down payment and no PMI.
- Jumbo Loans: For home purchases that exceed the conforming loan limits set by the FHFA—perfect for high-value homes.
Rocket Mortgage also offers refinancing options to help you lower your interest rate, reduce monthly payments, shorten your loan term, or access your home equity through a cash-out refinance.
Main Advantages of Rocket Mortgage Digital
Rocket Mortgage is known for streamlining the mortgage process with a number of standout features:
- Completely digital experience: Apply, get approved, and track your loan entirely online in just minutes—no paperwork or in-person meetings required.
- Fast approvals and funding, thanks to automated tools and real-time updates.
- Transparent rates and an intuitive interface, with helpful tools to explore all available mortgage options.
Exclusive programs and partner discounts:
- Rocket ONE+: Allows a down payment as low as 1% on conventional loans, with Rocket covering an additional 2%.
- RocketRentRewards: Lets you convert your rent payments into closing credits, helping renters transition to homeownership.
- Bridge Loan Program: Helps you buy a new home before selling your current one, providing financial flexibility during the transition.
