Learn to apply easily for the Rocket Mortgage
If you want to apply for a Rocket Mortgage, look no further. We can help you get the scoop on the process, so that you can do it more confidently. Read on!
by Suzana Brito
Rocket Mortgage: Avoid the hassles of branching by applying online!
Buying a house is an overwhelming process. However, you can apply online for Rocket Mortgage, and avoid some of the hassles of a branch.
Discover how you can save time, and manage your loan from the comfort of your home. Keep reading!
If you want to apply for a Rocket Mortgage, we are here to explain to you the easiest way to do it.
In just a few steps, you can have your mortgage and buy the house of your dreams.
First, visit the Rocket Mortgage website, and make the application process. Be aware to provide financial and personal information that will help you get your loan.
Then you’ll receive a pre-approval response. That will tell you how much you can borrow and the terms and conditions for that.
If you choose to pursue the loan, finish your application.
After that, Rocket Mortgage will consider it, work with you on the contract, and review the deal details.
Once you’ve done that and everything is checked out, you’ll have your mortgage started.
You will be redirected to another website
Here is a checklist of requirements for getting a loan with Rocket Mortgage. You must:
- Have at least a 620 for a conventional mortgage ( that may vary depending on the loan type).
- Be 18 years old or more.
- Have a valid social security number.
- Show proof of income, and conditions to keep up with the loan
Apply using the app
The Rocket Mortgage app can be another option for applying.
You can download it on your cell phone or tablet and make the application process there.
You can also make payments and manage your loan.
Rocket Mortgage vs. SoFi Mortgage: which one is the best?
Rocket Mortgage is compared to SoFi Mortgage in terms of their mortgage offerings.
Rocket Mortgage is a subsidiary of Quicken Loans, while SoFi is a stand-alone mortgage lender.
Both companies offer competitive rates and flexible terms, but Rocket Mortgage may have an edge when it comes to the overall borrowing experience.
Find out more of their differences on the table.
|Rocket Mortgage||SoFi Mortgage|
|Credit Score||620||Conventional: 620.Jumbo: 700.|
|Loans Offered||Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA||Purchase, Refinance, Fixed, Adjustable|
|Minimum Down Payment||3%||The minimum down payment is 3%.|
|APR||Adjustable or Fixed-rates that depend on loan type and terms.||The APR differs depending on the term and is updated daily on the SoFi mortgage website.|
|Terms||15 to 30 years.||10,15, 20, or 30 years.|
So you want to learn more about the SoFi Mortgage application and requirements? Check out our post below to find out!
How to apply for SoFi Mortgage
Do you want to apply for a mortgage with SoFi mortgage? Read on to a complete guideline that covers all you need to know.
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