Power's 2023 U.S. Mortgage Origination Satisfaction Study, which surveyed borrowers about their lender experience from completing the application through closing day. The Better Business Bureau gave Rocket Mortgage an A+, its top grade, based on transparency, truthful advertising and how it responds...
ONE+: As of May 2023, borrowers can put down as little as 1% (and as high as 2.99%) of their home’s purchase price, receive a 2% grant from Rocket, and not have to pay mortgage insurance. But, you have tomeet the qualifications. ...
You’ll Need a Down Payment. While an FHA home loan requires a down payment as low as 3.5%, and VA loans often require as little as $0 down, you’ll need to save up some cash to qualify for a traditional mortgage. Depending on the lender, you may need as much as 5% to 15% of...
Min. down payment 3% for conventional loans, 10%-15% for jumbo loans, 3.5% for FHA, none for VA loans Rocket Mortgage overview Rocket Mortgage is the leading mortgage lender by volume in the U.S. as of 2023. As the biggest mortgage originator, it handles large volumes of conventional lo...
Analyze your expenses:Review all your expenses, including fixed expenses like rent or mortgage payments, utility bills, and loan repayments. Don’t forget about variable expenses like groceries, entertainment, and transportation costs. Categorize your expenses to identify any areas where you can potent...