Breakdown of Rocket’s overview rating
- Affordability: 14.75/15
- Availability: 14/15
- Borrower expertise: 10/10
Execs and cons
- Low down cost requirement (as little as 3 p.c down)
- Customer support concerning new loans obtainable seven days every week by way of telephone or chat
- No brick-and-mortar areas
- It doesn’t provide USDA loans, residence fairness traces of credit score (HELOCs) or residence fairness loans.
- Restricted details about lender charges are obtainable on-line
Debtors seeking to examine charges, study extra concerning the mortgage course and apply for a mortgage, all online.
Quicken Loans has an A+ ranking from the Higher Enterprise Bureau, and Rocket Mortgage has a 3.8 ranking out of 5 stars from Trustpilot. Quicken Loans has obtained the very best buyer satisfaction rating from J.D. Energy for 11 consecutive years for mortgage origination and seven years for mortgage servicing.
Refinancing with Rocket Mortgage
After creating an account, you may apply for a refinance via the Rocket Mortgage website or app. As of July 2021, Rocket Mortgage’s refinance charges have been barely greater than the nationwide common for 30- and 15-year fixed-rate loans.
To find out a mortgage lender’s SimpleScore, The Easy Greenback’s editorial group charges lenders on a scale of 1 to 5 stars based mostly on many components regarding the lender’s services and products. The Easy Greenback’s companions compensate us; however, our opinions are personal, and companion relationships don’t affect our opinions. Right here is our full methodology.