This Rocket Mortgage review will break down how it works and what makes it different from other mortgage options on the market.

Plus, we’ll give you a scoop on this mortgage’s pros and cons and some more important information. Keep reading to learn more!

Rocket Mortgage is an online lender in the United States. 

It offers a good option for borrowers looking for easy ways to compare rates, learn more about the mortgage process and apply for a loan online.

Rocket Mortgage is well-rated by lenders and offers conventional and government-backed FHA and VA loans with adjustable or fixed APRS. 

However, Rocket Mortgage doesn’t offer home-equity loans, home-equity lines of credit, or HELOCs. 

Rocket Mortgage provides a conventional loan with fixed rates from 8 to 29 years, besides its other loans that range from 15-30 years. 

You’ll be required to pay at least a 3% down payment. Depending on the loan amount, and other things they analyze in your application, you might have to put down some more. 

So, be sure to have the necessary funds, and reach one of their agents if you have questions about the process. 

Rocket Mortgage has a good reputation among its clients. It was considered the largest FHA loan lender in 2021. 

Finally, the application is easy and online. Borrowers can pre-qualify and decide if this is the loan they want. 

Whether Rocket Mortgage is good will depend on each borrower’s needs, circumstances, and budget.

We can help you make this decision by presenting you with some of the benefits and drawbacks of Rocket Mortgage. Read on! 

Yes, it does. Rocket Mortgage checks borrowers’ credit scores as part of the loan process. 

They consider it when evaluating if you are creditworthy so that it might bring your score down a little bit. 

If you liked the Rocket Mortgage review, you could start your Rocket Mortgage application today.

Check out our post below. It will only take you a few minutes to learn how to apply!