Rocket Mortgage Home Purchase & Refinance

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About Rocket Mortgage Mortgages & Home Loans

The Rocket Mortgage Home Purchase & Refinance from Rocket Mortgage is one of the top-rated Mortgages & Home Loans options evaluated on MoneyCompared, earning an overall product score of 9.5/10. Rocket Mortgage (NYSE: RKT) is the #1 retail mortgage lender in the United States, pioneering end-to-end digital home purchase loans, rate-and-term refinancing, Home Equity Loans, ONE+ (1% down payment), and the Rocket Visa Signature Card that earns up to 5% back toward a down payment or mortgage principal.
Key highlights include 5.99% - 7.12% Fixed/ARM APR, a fee structure of 0.5% - 1.0% Origination, and ONE+ 1% Down Payment Program (with 2% grant from Rocket).

Features

Annual Fee 0.5% - 1.0% Origination
Regular APR / Rate 5.99% - 7.12% Fixed/ARM APR
Intro Offer / Welcome Bonus ONE+ 1% Down Payment Program (with 2% grant from Rocket)
Savings APY / AER 8-minute digital Verified Approval + Conventional, FHA, VA & Jumbo
Minimum Deposit 1% - 3% Minimum Down Payment
Foreign Transaction Fee $0 (None)
Deposit Insurance FDIC / NCUA Insured ($250k+)
Mobile App Rating 4.8 / 5.0
Overall Rating 9.5 / 10

About Product

  • Annual / Monthly Fee: 0.5% - 1.0% Origination
  • APR / APY Rate: 5.99% - 7.12% Fixed/ARM APR
  • Intro Offer / Bonus: ONE+ 1% Down Payment Program (with 2% grant from Rocket)
  • Key Benefits: 8-minute digital Verified Approval + Conventional, FHA, VA & Jumbo
  • Minimum Requirement: 1% - 3% Minimum Down Payment
  • Institution: Rocket Mortgage (Detroit, MI, USA)

Pros

  • Rate / APY / APR: 5.99% - 7.12% Fixed/ARM APR
  • Fee Structure: 0.5% - 1.0% Origination
  • Welcome Offer / Highlight: ONE+ 1% Down Payment Program (with 2% grant from Rocket)
  • Key Perks: 8-minute digital Verified Approval + Conventional, FHA, VA & Jumbo

Cons

  • Minimum Requirement: 1% - 3% Minimum Down Payment
  • Subject to Rocket Mortgage credit or account eligibility terms

Ready to check your rate for Rocket Mortgage Home Purchase & Refinance?

Visit the official Rocket Mortgage website to view current terms, eligibility, and apply online.

Visit Official Rocket Mortgage Site ↗