Mortgage calculators: Rocket Mortgage offers various calculators to help you plan your home purchase. These include a home affordability calculator, mortgage calculator, rent-versus-buy calculator, home equity calculator, and more. Mobile app: Rocket Mortgage's mobile app allows you to manage all asp...
Rocket Mortgage overview Rocket Mortgage is the leading mortgage lender in the U.S., closing $78.7 billion in loans in 2023. As the biggest mortgage originator, it handles large volumes of conventional loans, FHA mortgages and VA mortgages. Its offerings include a 1 percent conventional loan ...
different from other mainstream lenders. Your income, assets, credit report, and existing debt repayments will all help determine whether you’d qualify for a mortgage loan. You can expect to need a credit score of at least 620 for a conventional loan and 580 for an FHA or VA mortgage. ...
Rocket Mortgage mortgage types Rocket Mortgageoffers home loans in all 50 states and Washington, D.C., including conventional, jumbo, FHA and VA loans. It does not issue USDA mortgages. Fixed-rate:With a fixed-rate mortgage, borrowers have the same rate for the life of the loan. Rocket of...
(You can accomplish the same thing with an online mortgage calculator, but it is nice to have this option built into the process of loan shopping.) You can also see the direct impact of variables such as a bigger down payment, a lower interest rate, a subsidized loan, or an adjustable-...
As first time homebuyers we had what felt to be a great experience buying our home under an FHA loan. But, after buying our home we realized that we could never get PMI (mortgage insurance) taken off unless we refinanced for thousands of dollars. This was something I asked about when bu...
As first time homebuyers we had what felt to be a great experience buying our home under an FHA loan. But, after buying our home we realized that we could never get PMI (mortgage insurance) taken off unless we refinanced for thousands of dollars. This was something I asked about when bu...