ROCKET MORTGAGE PHONE NUMBERS HOW TO
ROCKET MORTGAGE PHONE NUMBERS PLUS

Rocket Mortgage has been recognized by several organizations as one of the best mortgage lenders in the country.

US Department of Agriculture mortgages (USDA loans)Ĭonsulting with a mortgage expert is a smart way to get all the facts and make a well-informed decision.

What Rocket Mortgage doesn’t offer Types of loan products:

The maximum VA jumbo loan amount is $2 million if you qualify.

Most lenders will use the conventional loan limits as a guide.

Single-unit home - From $472,030 to $1,089,300 for high cost areas.

Single-unit home - From $726,200 to $1,089,300 for high cost areas.

Department of Veteran Affairs (VA) loans.

Federal Housing Administration (FHA) loans.

Late fees - charged as a penalty if you do not make your monthly payments on time.

Prepayment fees - some lenders will charge a fee if you pay the mortgage back before the end of the term.

Third-party fees - could include insurance fees and taxes.

Attorney fees - costs vary by state and typical rates in your area.

Appraisal fee - usually range between $300 and $600 but could be higher.

Application fee - could be as high as $500 and is non-refundable even if you aren’t approved for the loan.

Loan origination fee - can be up to 1% of the loan amount and covers the cost of processing and underwriting the loan.

The most common costs include (but aren’t limited to):

If you are self-employed, your profit and loss statementsĪpplying for a mortgage means you will have to pay closing costs, which typically range between 2% and 6% of the total loan amount.

A list of all your debts, includings student loans, personal loans, credit cards, auto loans and monthly expenses.

In addition to a copy of your credit report, which Rocket will request from the credit bureaus once you give the go-ahead, you’ll need to submit some - if not all- of the following documents. It helps to speed up the loan process if you have all the paperwork required on hand.

Conventional loans - typically 50% or lower, although it could be as high as 65%.

However, a higher DTI may be accepted depending on your complete financial profile and the type of loan you’re applying for. The ideal DTI is 45% of your monthly income.

ROCKET MORTGAGE PHONE NUMBERS HOW TO

How to qualify for a loan with Rocket Mortgage Minimum credit score requirements: Home buyers applying for a home loan with Rocket Mortgage will be able to learn about different loan categories, choose from a variety of flexible loan terms and shop for competitive interest rates.

Once approved, you can make monthly mortgage payments online or send them in by mail.

You can also apply through one of the hundreds of mortgage brokers located throughout the country who offer Rocket’s products. You can submit a mortgage application online, through the app, or by phone with one of Rocket’s customer service representatives. The lender also offers tools to help potential buyers achieve their homeownership goals such as Verified Approval, which allows a borrower to obtain a preapproval letter online, and Rate Shield, which locks in their approved mortgage rate for 90 days.

ROCKET MORTGAGE PHONE NUMBERS PLUS

You’ll have access to information on both purchase and refinance rates, which are important resources when determining the right type of loan for your needs, plus extended customer service hours. Its website is easy to navigate, as is the online application process. The company offers several different mortgage options and can originate loans in all 50 states plus the District of Columbia (DC). Rocket Mortgage Is an online lender based in Detroit, Michigan.

Rocket mortgage phone numbers