Rocket Mortgage doesn't offer construction loans (if you want to build a brand new custom home) or a home equity line of credit (also called a HELOC), but if you're only planning to purchase a single-family home, a second home, or a condo that's already on the market, this shouldn't be a major drawback.

Rocket Mortgage offers conventional loans, FHA loans, VA loans and jumbo loans but not USDA loans, which means this lender may not be the most appealing option for potential homebuyers who want to make a purchase with a 0% down payment. Keep in mind that if you apply for a mortgage with a lower credit score, you may be subject to interest rates on the higher end of the lender's APR range. The lender even has a free program called Fresh Start that's aimed at helping potential applicants boost their credit score before applying. While most mortgage lenders tend to look for a minimum credit score of 620, Rocket Mortgage accepts applicants with credit scores as low as 580. and has recently become a household name. Who's this for? Rocket Mortgage is one of the biggest mortgage lenders in the U.S. Investing +More All Investing Best IRA Accounts Best Roth IRA Accounts Best Investing Apps Best Free Stock Trading Platforms Best Robo-Advisors Index Funds Mutual Funds ETFs Bonds Help for Low Credit Scores +More All Help for Low Credit Scores Best Credit Cards for Bad Credit Best Personal Loans for Bad Credit Best Debt Consolidation Loans for Bad Credit Personal Loans if You Don't Have Credit Best Credit Cards for Building Credit Personal Loans for 580 Credit Score Lower Personal Loans for 670 Credit Score or Lower Best Mortgages for Bad Credit Best Hardship Loans How to Boost Your Credit Score Taxes +More All Taxes Best Tax Software Best Tax Software for Small Businesses Tax Refunds Small Business +More All Small Business Best Small Business Savings Accounts Best Small Business Checking Accounts Best Credit Cards for Small Business Best Small Business Loans Best Tax Software for Small Business Personal Finance +More All Personal Finance Best Budgeting Apps Best Expense Tracker Apps Best Money Transfer Apps Best Resale Apps and Sites Buy Now Pay Later (BNPL) Apps Best Debt Relief Best Mortgages for Average Credit Score.Best Loans to Refinance Credit Card Debt.

Rocket loans account specialist