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  • Rocket Mortgage by Quicken Loans

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    Rocket Mortgage by Quicken Loans
    Rocket Mortgage by Quicken Loans
    A streamlined loan application that can be completed entirely online Get pre-approved and lock your rate in as little as eight minutes Receive custom mortgage solutions based on your credit and finances Automatically share information about your income and assets Customize loan terms and costs to fit your budget

    Rocket Mortgage by Quicken Loans

    Rocket Mortgage by Quicken Loans aims to redefine how consumers obtain mortgages through a simple, intuitive loan application process that can be completed 100% online, no human interaction required. Through the company’s platform and mobile application, customers can access customized mortgage solutions based on real-time rates and their own rate, term, and closing cost preferences.

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    Consumers Experiences at Rocket Mortgages 

    Rocket Mortgage offers a truly comprehensive selection of fixed and adjustable-rate mortgages including conventional, government-backed, conforming, and non-conforming loans, as well as a build-your-own option that allows borrowers to select loan terms spanning anywhere from eight to thirty years. Although they don’t seem to offer prequalification, applicants can get pre-approved in as little as minutes and obtain loans for up to $1,500,000.

    The Different Types of Mortgage Loans Offered

    • Fixed Rate 15 Year
    • Fixed Rate 30 Year
    • 5/1 ARM
    • 7/1 ARM
    • 10/1 ARM
    • Jumbo Fixed Rate
    • VA Fixed Rate
    • VA Adjustable Rate
    • FHA Fixed Rate
    • FHA Adjustable Rate
    • USDA Loan
    • Marketplace



    Quicken Loans is a mortgage marketplace and subsidiary of Rock Holdings, Inc. Quicken has been accredited by the Better Business Bureau since 1986 and holds an A+ rating with the organization based on an overwhelmingly positive number of customer reviews. The enterprise has also received a high number of complaints, yet that is not unusual for a company of its size and nature. Since their inception in 2015, 7% of the company’s total earnings have come from Rocket Mortgage.

    Key Facts

    Lender Type
    Year Founded
    BBB Rating
    BBB Positive Reviews
    BBB Negative Reviews
    Collection Date

    Complaints & Regulatory Actions

    Nationwide Mortgage Licensing System ID
    The Nationwide Mortgage Regulatory Actions
    Consumer Financial Protection Bureau Complaints

    Overall Review of Rocket Mortgage

    Rocket Mortgage by Quicken Loans offers an ideal solution for people on the go. Their site and mobile app provide a simple, intuitive application that can generate the prospective borrower’s employment details from personally identifying information such as their Social Security number and date of birth. To top it all off, applicants can complete the entire loan process online, without ever having to meet anyone in the flesh. The company states pre-approval can be obtained in as little as minutes, yet the cost of such a convenient service is likely included in the closing fees. Rocket Mortgage ranks highly with us for their excellent customer support and streamlined application, but prospective borrowers are still advised to inform themselves about the loan products they are interested in and not to take their decision lightly.

    Rocket Mortgages Other Customer Experiences

    According to their advertisements, Rocket Mortgage allows consumers to apply for a mortgage and get pre-approval in as little as eight minutes. That means applicants must be ready to provide personal information such as their Social Security number, address, and date of birth. Through said details, Rocket Mortgage’s intuitive application will then automatically populate the applicant’s employment information. Although their website only caters to those already looking to apply, their parent company, Quicken Loans, does extend a host of valuable tools and resources including articles, calculators, and even a blog geared toward helping consumers better understand their financial obligations. Prospective clients should keep in mind that funding and closing times will depend on a multiplicity of factors, meaning the process could take significantly longer.
    Other Features
    Online Application
    Online Quote
    Additional Tools and Resources
    Mortgage Calculator
    Affordability Calculator
    Loan-to-debt Ratio Calculator
    Help Articles
    SSN Required for Quote



    To qualify for a mortgage loan through Rocket Mortgage, applicants must have a minimum FICO credit score of 620 for conventional and VA loans. For FHA loans, however, the government-stipulated minimum of 580 still applies. Standard qualification requirements including having a stable income and sufficient assets will also be taken into account. Neither Rocket Mortgage nor Quicken Loans specify whether they set a cap for the debt-to-income ratio, yet some of their publications state that anything under 50% is still workable. In general, down payment amounts will depend on the borrower’s financial situation but can be as low as 3%.
    Minimum FICO Score
    Minimum Down Payment
    Non-Traditional Credit History Considered?


    Full Name
    Rocket Mortgage
    Company Website
    1050 Woodward Avenue, Detroit, MI, 48226
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