Rocket Mortgage offers conventional loans with 15-year and 30-years terms. So itвЂ™s not the best lender for financing a rehab project, unless a cash-out refinance makes sense for you. You also wonвЂ™t be able to obtain any type of renovation loan, home equity loan, or home equity line of credit through Rocket Mortgage. Right now it offers the followings types of mortgages:Д¬urrently, Rocket Mortgage doesnвЂ™t offer USDA loans, construction loans, or adjustable-rate mortgages (ARM). Rocket Mortgage has a range of loan options for those who want to purchase a home and for homeowners looking to refinance an existing mortgage. However, it doesnвЂ™t offer construction loans, home equity loans, or renovation loans. Rocket Mortgage offers a wide range of both purchase loans and mortgage refinance loans, including government-backed mortgages. The Detroit-headquartered lender is licensed in all 50 states and the District of Columbia. WeвЂ™ve ranked it as one of the best online mortgage lenders because of its highly rated customer service and simple online application process.

It has been the top lender for customer satisfaction for 11 years running, according to J.D. Rocket Mortgage is the online mortgage lending site for Quicken Loans, the largest mortgage lender in the U.S. For more information about our scoring methodology, click here.

As with all of our mortgage lender reviews, our analysis is not influenced by any partnerships or advertising relationships.

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