Home equity:Rocket Mortgage does not require a minimum amount of home equity for refinancing, but borrowers with less than 20% equity will need PMI. Home appraisal: A complete appraisal is necessary for most refinancing, except VA Streamline, FHA Streamline and some Freddie Mac and Fannie Mae ...
Finally, once Rocket Mortgage officially approves your loan application, you’ll be cleared to close on your home. Rocket Mortgage offers e-closings in all 50 states, which helps to streamline the process. Rocket Mortgage Rates and Fees One of the most important considerations when choosing a...
FHA Streamline: A refi program designed specifically to help existing FHA homeowners access today’s mortgage rates without much hassle VA IRRRL: This loan can refinance an existing VA loan into a new VA loan at a lower rate with low fees ...
Learn how the Rocket Mortgage process works and get approved online to buy a home or refinance your mortgage.
Rocket Mortgage® offers loans with different requirements to meet the needs of most borrowers. If your credit score is in the 580-620 range, you might qualify for an FHA loan from Rocket Mortgage®. For a conventional mortg...