Review of Rocket Mortgage: Pros, Cons, and Customer Feedback
Are you in the market for a mortgage and looking for a reliable lender? Rocket Mortgage, formerly known as Quicken Loans, might just be the perfect fit for you. As the largest mortgage lender in the country by the number of loans originated, Rocket Mortgage has built a reputation for being one of the best mortgage lenders available.
What sets Rocket Mortgage apart is its easy online process, affordable mortgage options, and excellent customer service. With a variety of mortgage programs, including lender credits up to $7,500 and a 1% down conventional loan, Rocket Mortgage offers flexibility and affordability to borrowers.
Whether you’re looking for a conforming, jumbo, FHA, VA, or other types of loans, Rocket Mortgage has you covered. Their ONE+ mortgage program allows for a 1% down payment with no mortgage insurance, making homeownership more accessible to those with lower incomes.
Rocket Mortgage’s history dates back to 1985 when it was founded as Rock Financial and later renamed Quicken Loans. In 2021, it rebranded as Rocket Mortgage, solidifying its position as a leader in the mortgage industry.
When it comes to rates and fees, Rocket Mortgage offers competitive rates compared to other lenders. Their origination charges are in line with the industry average, making them a reliable and affordable option for borrowers.
In terms of customer satisfaction, Rocket Mortgage excels with a 4.7 out of 5 stars rating on Trustpilot and a high ranking in J.D. Power’s 2023 US Mortgage Origination Satisfaction Study. Their trustworthiness is also evident with an A+ rating from the Better Business Bureau.
While Rocket Mortgage has many advantages, such as a user-friendly online experience and affordable mortgage programs, it may not be the best fit for everyone. If you prefer in-person interactions or need specific types of loans that Rocket Mortgage doesn’t offer, you may want to explore other options.
Overall, Rocket Mortgage is a reputable and trustworthy lender that provides a seamless mortgage application process. With positive customer reviews and a strong track record in the industry, Rocket Mortgage is a top choice for borrowers looking for a reliable mortgage lender.
If you’re considering Rocket Mortgage for your mortgage needs, be sure to explore their offerings and compare them to other lenders to find the best fit for your financial goals. With Rocket Mortgage, you can take the first step towards homeownership with confidence and peace of mind.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.