Rocket Mortgage: The Largest Mortgage Lender with Affordable Options

Rocket Mortgage, formerly known as Quicken Loans, is making waves as the largest mortgage lender in the country by the number of loans originated. With an easy online process, affordable mortgage options, and a reputation for good customer service, Rocket Mortgage is gaining popularity among borrowers.

One standout feature of Rocket Mortgage is its ONE+ mortgage program, which allows borrowers to secure a mortgage with as little as a 1% down payment, along with a 2% grant from the lender. This program is particularly beneficial for those with lower incomes looking to become homeowners.

Additionally, Rocket Mortgage offers the Purchase Plus program, providing a credit of up to $7,500 to offset down payments and closing costs. The BorrowSmart Access program, in partnership with Freddie Mac, offers a $3,000 credit for down payments in select metro areas.

Founded in 1985 as Rock Financial and later renamed Quicken Loans, Rocket Mortgage has a long history in the mortgage industry. In 2021, it rebranded as Rocket Mortgage to reflect its focus on providing innovative and convenient mortgage solutions.

With a range of loan options available, including conventional, FHA, VA, and home equity loans, Rocket Mortgage caters to a diverse set of borrowers. Its online application process, competitive rates, and commitment to customer satisfaction have earned it high ratings and positive reviews.

While Rocket Mortgage may not be the best fit for those seeking face-to-face interactions or specific loan types like USDA loans, its user-friendly platform and comprehensive mortgage offerings make it a top choice for many borrowers.

Overall, Rocket Mortgage stands out for its convenience, affordability, and customer satisfaction, making it a reputable and trustworthy option for those in the market for a mortgage.