- Rocket Homes Blog (2024)

The Rocket Homes Real Estate LLC main office is located at Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226. Contact: (855) 411-0505. Rocket Homes℠ is a registered trademark licensed to Rocket Homes Real Estate LLC. The Rocket Homes℠ Logo is a service mark licensed to Rocket Homes Real Estate LLC. Rocket Homes Real Estate LLC fully supports the principles of the Fair Housing Act.

Rocket Homes Real Estate LLC is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at help@rockethomes.com.

New York: Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H

TREC: Information about brokerage services, Consumer protection notice

California DRE #01804478 | Hawaii License # RB-23371, Principal Broker: William J Oliver

1Based on Rocket Mortgage data in comparison to public data records.

2Based on Rocket Homes℠ closed client surveys received from 2011-2021.

Apple and the Apple logo are trademarks of Apple Inc. registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Wear OS by Google and Google Play are trademarks of Google LLC.

Rocket Mortgage, LLC, Rocket Homes Real Estate LLC, RockLoans Marketplace LLC (doing business as Rocket Loans) and Rocket Auto LLC are separate operating subsidiaries of Rocket Companies, Inc. (NYSE: RKT). Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation and applicable legal and regulatory requirements.

© 2024 Rocket Homes Real Estate LLC. All Rights Reserved.

- Rocket Homes Blog (2024)


Is Rocket Mortgage reliable? ›

Rocket Mortgage, formerly known as Quicken Loans, is a strong lender in general and our "best overall" pick for the best mortgage refinance lenders. It's a great option if you're comfortable applying online and have a good credit score.

What is considered a strong offer on a house? ›

A seller's market isn't the place to bargain hunt, so don't go lower than the asking price. If you can, make an offer that's a little above asking. You don't need to go crazy, thoughsometimes an offer that's just $2000-3000 more than asking is enough to get the seller's attention.

What is the average rate of appreciation for a house? ›

The national average appreciation rate is 3% – 5%. The first thing you have to understand is that your land will drive the overall appreciation value of your home. However, certain situations like COVID-19 can change the entire situation a bit.

Is Rocket Homes the same as Rocket Mortgage? ›

Hawaii License # RB-23371. TREC: Information about brokerage services, Consumer protection notice. Rocket Mortgage, LLC and Rocket Homes Real Estate LLC are separate operating subsidiaries of Rocket Companies, Inc.

What is the downside to Rocket Mortgage? ›

Cons. Getting a customized interest rate requires a credit check, which can affect your credit score. Origination fees are on the high side compared with other lenders, according to the latest federal data. Doesn't offer home equity lines of credit.

Does Rocket Mortgage approve everyone? ›

Who can use Rocket Mortgage? Rocket Mortgage® is best for people who have a credit score of 580 or above and are ready to buy a home or refinance within the next few months. Check your credit score through our sister company, Rocket Homes®. If you already have a signed purchase agreement, apply online to get started.

Can I offer 20k less on a house? ›

“The rule I've always followed is to never go more than 25% below the listed price,” he says. “Chances are, after fees, commission, and sentimental value, the sellers are already hurting. If you dip below that point, they may disregard your offer entirely.”

What's the lowest you should offer on a house? ›

Typically, a lowball offer is considered to be at least 20% below the asking price. If you're offering 10% below, the property should be in a good condition but may just need some cosmetic work done. The goal of offering 10% below the asking price is to use those extra funds to cover the repairs.

Do sellers always accept the highest offer? ›

Well, that's not the case. Securing the winning bid on a house isn't always as straightforward as accepting the highest dollar amount. In our experience, there have been countless scenarios where the highest offer wasn't the one accepted by the seller—This is because the highest offer isn't always the strongest buyer.

What month is the best month to buy a house? ›

Competition levels may also be lower than spring and summer, especially if you're searching in an area that's popular among families with kids. If getting the lowest price possible is your main priority, consider searching for a home in November or December.

What is the 2% rule in real estate? ›

The 2% rule is a rule of thumb that determines how much rental income a property should theoretically be able to generate. Following the 2% rule, an investor can expect to realize a positive cash flow from a rental property if the monthly rent is at least 2% of the purchase price.

What actually increases property value? ›

Factors that can increase your home or property value

Nearby amenities, local laws, street art, and more can also increase your home's value — without impacting your homeowners insurance. While remodeling is one quick way to add value to your home, it can cost you when you update your home insurance policy.

Is Rocket Mortgage a Chinese company? ›

Rocket Mortgage, LLC, formerly Quicken Loans, LLC, is an American mortgage lender, headquartered in Detroit, Michigan. In January 2018, the company became the largest overall retail lender in the U.S., it was also the largest online retail mortgage lender in 2018.

How does Rocket Home work? ›

Rocket Homes is a real estate company that connects home buyers and sellers to real estate agents and buyers to mortgage lenders. The agents then handle the property searches and transactions, and Rocket Mortgage (or another mortgage lender) handles the financing.

What do people think of rocket mortgages? ›

Rocket Mortgage has an A+ rating from the Better Business Bureau. Trustpilot scores Rocket Mortgage 3.9 out of 5 stars, which is a great rating, based on more than 3,600 reviews. The Consumer Financial Protection Bureau received 566 complaints in 2021 related to Rocket Mortgage's mortgage products.

Is Rocket Mortgage better than a bank? ›

Rocket Mortgage offers a much wider variety of loan products than the average local bank does and has much more flexible requirements as a result. Though it can be possible to find a local bank that can work with your particular situation, expect to have to shop around more.

Is it hard to get a mortgage with Rocket Mortgage? ›

Rocket Mortgage's online-first process makes the application process smooth, whether you log in using RocketMortgage.com or the mobile app. You'll need credit scores of at least 580 to qualify with Rocket Mortgage.

What bank is behind Rocket Mortgage? ›

Quicken Loans, the company behind Rocket Mortgage, has always been obsessed with finding a better way. That's why Rocket Mortgage was created: to make getting a mortgage easier.

Top Articles
Latest Posts
Article information

Author: Laurine Ryan

Last Updated:

Views: 5419

Rating: 4.7 / 5 (57 voted)

Reviews: 80% of readers found this page helpful

Author information

Name: Laurine Ryan

Birthday: 1994-12-23

Address: Suite 751 871 Lissette Throughway, West Kittie, NH 41603

Phone: +2366831109631

Job: Sales Producer

Hobby: Creative writing, Motor sports, Do it yourself, Skateboarding, Coffee roasting, Calligraphy, Stand-up comedy

Introduction: My name is Laurine Ryan, I am a adorable, fair, graceful, spotless, gorgeous, homely, cooperative person who loves writing and wants to share my knowledge and understanding with you.