Overall
Taken as a whole, Rocket Mortgage is a great choice for any homeowner with a qualifying credit score. Their reputation as a top-performing lender in the nation is well-deserved, as they offer fantastic customer service, high borrowing limits, and competitive interest rates.
Closing Costs
Fees are typically average for the industry through Rocket Mortgage, and interest rates tend to be fair. Overall, this is an inexpensive option if you can qualify.
Loan Variety
With Rocket Mortgage, you have the option between two term types: 10 and 20-year terms. Each term will have a different interest rate.
Borrowing Limits
Overall, Rocket Mortgage offers average borrowing limits, with home equity loans available for up to $350,000. For most homeowners, this amount is more than enough to meet their financial needs.
Customer Service
Rocket Mortgage is the top-rated lender regarding customer service. Their customers appreciate their fast application form, their easy-to-reach customer assistance phone and chat lines, and their informative website.
Fair Credit Score Suitability
Minimum Credit Score: 680
As their minimum requirement is 680, homeowners with a credit score below that will need to work with a different lender. If you do meet this requirement, however, Rocket Mortgage is a great option to look into..
Higher Credit Score Suitability
Considering that Rocket Mortgage is the top-rated lender in the country when it comes to customer service, there's already more than enough reason for all homeowners to give them a try. If you happen to have a high credit score, it's likely they'll offer you an even lower interest rate than you'd otherwise get. If you're in the market for a home equity loan, absolutely consider applying with Rocket today.
