Rocket Mortgage
Online lender with FHA, VA and jumbo loans, 1% down on ONE+, and a published rate table with its assumptions
Lender terms checked October 14, 2026See lender siteThe Bottom Line
- Min. credit score
- 580 (verified Oct 14, 2026). All rates and fees
Key facts
- Min. down (non-VA): 1%
- Loan types: Conventional, FHA, VA, Jumbo
- Online pre-approval: Yes
Pros
- Publishes an example rate table with its assumptions, points and payments, dated the day we read it
- Down payments from 0% (VA), 1% (ONE+), 3% (conventional) and 3.5% (FHA)
- Applying is free, and you can get an online approval letter
- Lends in all 50 states and DC, with jumbo loans up to $3.5 million
Cons
- The example rates carry 1.75 to 2 discount points, which is why each APR sits above its rate
- The origination fee is not published, only that it varies with your situation
- No USDA loans and no HELOC; Rocket sells a fixed-rate home equity loan instead
- Online only, with no branches
At a glance
Lender terms checked October 14, 2026- Lender type
- Online lender
- Loan purposes
- Purchase, Refinance, Cash-out refinance
- Loan types
- Conventional, FHA, VA, Jumbo
- Minimum credit score
- 580 (580 for FHA, 620 for most conventional loans, 680 and up for Jumbo Smart, per Rocket's own guidance)
- Minimum down payment
- 0% (0% on VA, 1% on ONE+, 3% on conventional, 3.5% on FHA, 5% on 15-year loans)
- Minimum down payment without VA
- 1%
- Maximum DTI
- Rocket suggests 45% or less
- Loan amounts
- Up to $3.5 million
- States served
- All 50 states and DC
- Online pre-approval
- Yes. Online approval letter based on self-reported information, then a verified letter once income, assets and credit are checked
- Lender fees
- Applying is free. The origination fee varies by situation and no amount is published. Rocket suggests budgeting 3% to 6% of the purchase price for closing costs.
- Rate lock
- Locks usually last between 15 and 60 days (general guidance on its rates page). No lock fee is published.
- First-time buyer programs
- ONE+ by Rocket Mortgage (1% down, Rocket adds 2% up to $7,000; income at or below 80% of area median, loans up to $350,000), HomeReady, Home Possible, FHA
- NMLS ID
- 3030
Sources: rocketmortgage.com/home-loans, rocketmortgage.com/mortgage-rates, read October 14, 2026
Sample pricing the lender publishes
Last verified October 14, 2026This is the lender's own example, not a quote for you. Stated as of October 14, 2026 (1:34 PM UTC). Its assumptions: Loan amount $350,000 ($1.1 million for jumbo), 80% loan-to-value (70% for jumbo), single-family primary residence, credit score 740, debt-to-income under 43%, closing costs paid up front, taxes and insurance not included. State not stated.
| Loan | Rate and APR | Points and payment |
|---|---|---|
| 30-year fixed | 7.5% rate, 7.793% APR | 1.75 points ($6,125), principal and interest $2,448 |
| 30-year FHA | 6.875% rate, 7.741% APR | 1.75 points ($6,125), principal and interest $2,445, includes mortgage insurance |
| 30-year VA | 6.875% rate, 7.308% APR | 2 points ($7,000), principal and interest $2,300 |
| 15-year fixed | 6.625% rate, 7.116% APR | 2 points ($7,000), principal and interest $3,073 |
| 5-year adjustable | 7.25% rate, 7.34% APR | 2 points ($7,000), principal and interest $2,388 |
| 30-year jumbo | 6.99% rate, 7.245% APR | 2 points ($22,000 on $1.1 million), principal and interest $7,311 |
Things to know before you apply
- Its example rates include 1.75 to 2 discount points. That is why the APRs on its page run 0.2 to 0.9 percentage points above the rates.
- The example assumes a 740 credit score and 80% loan-to-value (70% for jumbo). Many borrowers will be quoted differently.
- The origination fee amount is not published. Rocket says only that it varies based on your situation.
- The ONE+ 1% down program is limited to household income at or below 80% of the area median and loans up to $350,000.
- Rocket does not offer USDA loans or a HELOC.
Regulatory record
- December 23, 2024: The CFPB sued Rocket Homes Real Estate LLC, an affiliated brokerage (not Rocket Mortgage, LLC), under the Real Estate Settlement Procedures Act. The CFPB dismissed the case with prejudice in February 2025. Source
Where these numbers come from
Everything in the table above was read from the lender's own pages, listed here with the day we read them.
- Home loans overview and FAQ read October 14, 2026
- Today's mortgage rates read October 14, 2026
- Company FAQs read October 14, 2026
- Disclosures and licenses read October 14, 2026
- Jumbo Smart read October 14, 2026
NMLS ID 3030, as the lender prints it on its own site. Confirm its licenses in your state on NMLS Consumer Access (that site blocks automated checks, so we have not confirmed the lookup ourselves).
What is Rocket Mortgage?
Rocket Mortgage is an online lender that offers loans for buying a home, refinancing and cash-out refinancing. Where it lends: all 50 states and DC. On its own site it lists Conventional, FHA, VA and Jumbo loans.
Who can borrow, as the lender publishes it: Minimum credit score: 580 (580 for FHA, 620 for most conventional loans, 680 and up for Jumbo Smart, per Rocket's own guidance). Minimum down payment: 0% (0% on VA, 1% on ONE+, 3% on conventional, 3.5% on FHA, 5% on 15-year loans). Debt-to-income: Rocket suggests 45% or less.
Costs and timing: Applying is free. The origination fee varies by situation and no amount is published. Rocket suggests budgeting 3% to 6% of the purchase price for closing costs. Rate lock: Locks usually last between 15 and 60 days (general guidance on its rates page). No lock fee is published.
Rocket Mortgage publishes an example rate table with its assumptions (shown on this page, dated October 14, 2026 (1:34 PM UTC)). It is the lender's illustration, not a quote for you: your own rate depends on your credit, down payment, property and state.
We read these figures from Rocket Mortgage's own pages on October 14, 2026; the pages are listed under 'Where these numbers come from'.
Key details
Conventional, FHA, VA and jumbo (up to $3.5 million)ONE+ program: 1% down for qualifying buyersOnline approval letterAll 50 states and DCNMLS ID 3030
Explore more
Rocket Mortgage FAQ
What credit score does Rocket Mortgage require?
Rocket Mortgage publishes a minimum credit score of 580 (580 for FHA, 620 for most conventional loans, 680 and up for Jumbo Smart, per Rocket's own guidance). That is the lowest figure the lender states, not a promise of approval. Your own offer depends on your whole credit profile, so ask the lender.
How much do you need to put down at Rocket Mortgage?
The lowest down payment Rocket Mortgage publishes is 0% (0% on VA, 1% on ONE+, 3% on conventional, 3.5% on FHA, 5% on 15-year loans). Without VA eligibility, the lowest figure it publishes is 1%. Under 20% down, conventional loans usually add private mortgage insurance.
Does Rocket Mortgage charge fees?
Applying is free. The origination fee varies by situation and no amount is published. Rocket suggests budgeting 3% to 6% of the purchase price for closing costs. Rate lock: Locks usually last between 15 and 60 days (general guidance on its rates page). No lock fee is published. Closing costs also include third-party charges such as an appraisal and title services.
Can you get pre-approved online with Rocket Mortgage?
Yes. Online approval letter based on self-reported information, then a verified letter once income, assets and credit are checked. A pre-approval is not a commitment to lend.
Is Rocket Mortgage licensed?
Rocket Mortgage prints NMLS ID 3030 on its own site. You can look up its licenses in your state on NMLS Consumer Access (nmlsconsumeraccess.org). We could not confirm the lookup ourselves because that site blocks automated checks.
Will Rocket Mortgage quote my rate here?
No. Financeradar is not a lender and we do not quote personal rates. We show what the lender publishes, with the date we checked it. Your own rate comes from an official offer from the lender.
Source: rocketmortgage.com