- Rocket Homes Blog (2024)

The Rocket Homes Real Estate LLC main office is located at Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226. Contact: (855) 411-0505. Rocket Homes℠ is a registered trademark licensed to Rocket Homes Real Estate LLC. The Rocket Homes℠ Logo is a service mark licensed to Rocket Homes Real Estate LLC. Rocket Homes Real Estate LLC fully supports the principles of the Fair Housing Act.

Rocket Homes Real Estate LLC is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at help@rockethomes.com.

New York: Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H

TREC: Information about brokerage services, Consumer protection notice

California DRE #01804478 | Hawaii License # RB-23371, Principal Broker: William J Oliver

1Based on Rocket Mortgage data in comparison to public data records.

2Based on Rocket Homes℠ closed client surveys received from 2011-2021.

Apple and the Apple logo are trademarks of Apple Inc. registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Wear OS by Google and Google Play are trademarks of Google LLC.

Rocket Mortgage, LLC, Rocket Homes Real Estate LLC, RockLoans Marketplace LLC (doing business as Rocket Loans) and Rocket Auto LLC are separate operating subsidiaries of Rocket Companies, Inc. (NYSE: RKT). Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation and applicable legal and regulatory requirements.

© 2024 Rocket Homes Real Estate LLC. All Rights Reserved.

- Rocket Homes Blog (2024)

FAQs

Is Rocket Mortgage reliable? ›

This rating is calculated based on the lender's affordability, eligibility criteria for potential borrowers, and customer service. Rocket Mortgage has an A+ rating from the Better Business Bureau. Trustpilot scores Rocket Mortgage 3.9 out of 5 stars, which is a great rating, based on more than 3,600 reviews.

How to beat the housing market? ›

How to Win a Bidding War
  1. Offer to top the highest bid by $1,000 up to a certain amount. ...
  2. Make a cash offer. ...
  3. Increase the amount of your down payment or the earnest money percentage.
  4. Remind the seller why you love their home. ...
  5. If you've been preapproved for a mortgage, say it again.
Feb 29, 2024

Is Rocket Homes the same as Rocket Mortgage? ›

Hawaii License # RB-23371. TREC: Information about brokerage services, Consumer protection notice. Rocket Mortgage, LLC and Rocket Homes Real Estate LLC are separate operating subsidiaries of Rocket Companies, Inc.

Are Rocket Money and Rocket Mortgage the same? ›

Rocket Money was originally known as Truebill when it was founded in 2015. The company was acquired in 2021 by Rocket Companies—which also owns Rocket Mortgage, Rocket Loans, and is the issuer of the Rocket Visa Signature® Card. Its name changed in late August, 2022.

What is the downside to Rocket Mortgage? ›

Cons. Getting a customized interest rate requires a credit check, which can affect your credit score. Origination fees are on the high side compared with other lenders, according to the latest federal data. Doesn't offer home equity lines of credit.

Does Rocket Mortgage approve everyone? ›

Minimum credit score needed

You may be approved for a Rocket Mortgage loan with credit scores as low as 580, though the type of loan you apply for could require better credit.

How much house can I afford if I make $70,000 a year? ›

As a rule of thumb, personal finance experts often recommend adhering to the 28/36 rule, which suggests spending no more than 28% of your gross household income on housing. For someone earning $70,000 a year, or about $5,800 a month, this means a housing expense of up to $1,624.

How much house can I afford with a 100k salary? ›

Using my rough estimates and plugging in the factors mentioned above, someone with a $100k salary should look for a home between $320,000 – $400,000.

What is considered house poor? ›

Key Takeaways. A house poor person is anyone whose housing expenses account for an exorbitant percentage of their monthly budget. Individuals in this situation are short of cash for discretionary items and tend to have trouble meeting other financial obligations, such as vehicle payments.

What is the Rocket Mortgage controversy? ›

Rocket Mortgage faces class-action lawsuit for unsolicited telemarketing calls. Detroit-headquartered lender Rocket Mortgage faces a class-action lawsuit for making repeated, unsolicited telephone calls, violating the Telephone Consumer Protection Act (TCPA).

Why do people use Rocket Mortgage? ›

Why should I use Rocket Mortgage? Rocket Mortgage® lets you work at your own pace, while providing award-winning customer service and expert advice. It lets you apply online, anytime, at your convenience – which means it's there when you need a fast approval to buy a house or a way to lock your rate when rates drop.

Is Rocket Money shady? ›

Yes, Rocket Money is a legitimate budgeting app that can help you track your spending habits, identify ways to save money and get a better handle on your personal finances. It has a 4.5-star (out of 5) rating on Trustpilot and is accredited by the Better Business Bureau.

What bank is behind Rocket Mortgage? ›

Quicken Loans, the company behind Rocket Mortgage, has always been obsessed with finding a better way. That's why Rocket Mortgage was created: to make getting a mortgage easier.

Who is the parent company of Rocket Mortgage? ›

Seeing the possibilities of this mortgage lender rooted in technology, Intuit Inc. (creators of market-leading software TurboTax and QuickBooks) purchased Rock Financial. The company was renamed Quicken Loans.

Is Rocket Mortgage better than a bank? ›

Rocket Mortgage offers a much wider variety of loan products than the average local bank does and has much more flexible requirements as a result. Though it can be possible to find a local bank that can work with your particular situation, expect to have to shop around more.

Is it hard to get a mortgage with Rocket Mortgage? ›

You only need to have a credit score of 580 in order to qualify for an FHA loan with Rocket Mortgage®. You may be able to get an FHA loan with a score as low as 500 points if you can bring a down payment of at least 10% to your closing meeting.

Why would someone use Rocket Mortgage? ›

Why should I use Rocket Mortgage? Rocket Mortgage® lets you work at your own pace, while providing award-winning customer service and expert advice. It lets you apply online, anytime, at your convenience – which means it's there when you need a fast approval to buy a house or a way to lock your rate when rates drop.

Top Articles
Latest Posts
Article information

Author: Gov. Deandrea McKenzie

Last Updated:

Views: 6048

Rating: 4.6 / 5 (66 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Gov. Deandrea McKenzie

Birthday: 2001-01-17

Address: Suite 769 2454 Marsha Coves, Debbieton, MS 95002

Phone: +813077629322

Job: Real-Estate Executive

Hobby: Archery, Metal detecting, Kitesurfing, Genealogy, Kitesurfing, Calligraphy, Roller skating

Introduction: My name is Gov. Deandrea McKenzie, I am a spotless, clean, glamorous, sparkling, adventurous, nice, brainy person who loves writing and wants to share my knowledge and understanding with you.