Navigating Houston Home-buying with Rocket Mortgage

Rocket Mortgage: Simple, fast, and convenient online mortgage solutions.

Simplify your homeownership journey with Rocket Mortgage, our top Houston mortgage lender. Get a fast, hassle-free mortgage experience with its digital platform, personalized support, and competitive rates.

Whether you’re buying a new home, refinancing, or seeking home equity solutions, Rocket Mortgage is ready to make your mortgage process seamless and stress-free. Experience the Rocket Mortgage difference today!

What is Rocket Mortgage?

Founded in 1985, Rocket Mortgage is Rocket Companies’ online lending arm which revolutionized the mortgage industry with the first fully digital mortgage application process. This pioneering step transformed the home-buying experience, making it faster, simpler, and more accessible for aspiring homeowners.

What is Rocket Mortgage known for? Its innovative technology and its commitment to customer service. Due to its continuous excellence, Rocket Mortgage earned an A+ rating from the Better Business Bureau and recognition as a J.D. Power award winner.

The company offers a variety of online tools and resources to help borrowers through the mortgage process, and its customer support team is available 24/7 to answer questions and provide assistance.

How does Rocket Mortgage work?

Rocket Mortgage is a direct lender, which means that it originates and services its own mortgages. This allows the company to streamline the mortgage process and offer borrowers a more efficient and convenient experience.

To get started with Rocket Mortgage, you can apply online or over the phone. The application process is simple and straightforward, and you can typically complete it in minutes.

Once you’ve submitted your application, Rocket Mortgage will review your financial information and credit history to assess your eligibility for a loan.

If your offer is accepted, Rocket Mortgage will begin the underwriting process. This involves verifying your income, assets, and employment status. Once underwriting is complete, Rocket Mortgage will issue you a loan commitment letter.

Once you have a loan commitment letter, you can close on your home. Rocket Mortgage will work with you to schedule a closing date and give you all the necessary paperwork.

Rocket Mortgage offers a variety of mortgage products to fit the needs of different borrowers. Some of the most popular products include:

• Conventional loans: Conventional loans are the most common type of mortgage. They are typically available with down payments as low as 3%.
• FHA loans: FHA loans are available to borrowers with lower credit scores and down payments.
• VA loans: VA loans are available to eligible veterans and active-duty military members.
• USDA loans: USDA loans are available to borrowers who purchase homes in eligible rural areas.

Mortgage in the Home-Buying Process

In our crafted 14 Steps to Buying a House: A Guide to the Home Buying Process in Houston, two are mortgage-related which are: finding a mortgage broker and researching your mortgage options. But why are these steps important?

• Find a mortgage broker
  • Finding the right mortgage broker can be beneficial because they have access to a wide range of mortgage products and can tailor solutions to fit your specific financial needs. Additionally, a broker’s expertise in navigating the complexities of the mortgage process can save you time and potentially reduce costs by securing the best interest rates available.
• Research your mortgage option
  • Conduct thorough research on mortgage options to identify the most suitable one for your financial circumstances. With numerous types of mortgages available, it’s essential to gain a comprehensive understanding of your options.

Our team also calculated the Salary Needed to Buy a Home in Houston’s Top Neighborhoods, so you can see where you can afford to buy a home.

Why Choose Rocket Mortgage?

Rocket Mortgage stands out among its competitors due to its:

• Industry-Leading Rates: Rocket Mortgage consistently offers competitive interest rates, ensuring that borrowers get the best possible deal on their mortgage. Rocket Mortgage considers your credit score and income, as well as other factors such as the home price, down payment, and loan type when calculating mortgage rates.
• Digital Simplicity: Their pioneering fully digital mortgage application process eliminates paperwork hassles and expedites the approval process.
• Technological Prowess: Rocket Mortgage leverages cutting-edge technology like its transparency platform and the Rocket Mortgage calculator to empower borrowers with informed decisions.
• Mortgage Education: The site has an extensive library of over 220 articles that reduce mortgage complexities, guiding borrowers toward informed choices.
• Community Commitment: Rocket Mortgage actively engages in community volunteering initiatives, fostering a spirit of social responsibility.

Disclosure

Rocket Mortgage, LLC; NMLS #3030; www.NMLSConsumerAccess.org. Equal Housing Lender. Licensed in 50 states. AL License No. MC 20979, Control No. 100152352. AR, TX: 1050 Woodward Ave., Detroit, MI 48226-1906, (888) 474-0404; AZ: 1 N. Central Ave., Ste. 2000, Phoenix, AZ 85004, Mortgage Banker License #BK-0902939; CA: Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; CO: Regulated by the Division of Real Estate; GA: Residential Mortgage Licensee #11704; IL: Residential Mortgage Licensee #4127 – Dept. of Financial and Professional Regulation; KS: Licensed Mortgage Company MC.0025309; MA: Mortgage Lender License #ML 3030; ME: Supervised Lender License; MN: Not an offer for a rate lock agreement; MS: Licensed by the MS Dept. of Banking and Consumer Finance; NH: Licensed by the NH Banking Dept., #6743MB; NV: License #626; NJ: New Jersey – Rocket Mortgage, LLC, 1050 Woodward Ave., Detroit, MI 48226, (888) 474-0404, Licensed by the N.J. Department of Banking and Insurance.; NY: Rocket Mortgage, LLC, 1050 Woodward Ave., Detroit, MI 48226 Licensed Mortgage Banker-NYS Department of Financial Services; OH: MB 850076; OR: License #ML-1387; PA: Licensed by the Dept. of Banking –​ License #21430; RI: Licensed Lender; WA: Consumer Loan Company License CL-3030. ​Conditions may apply.

This is not a commitment to make a loan, nor should it be construed as lending advice. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on the applicant’s eligibility and market conditions. refinancing an existing loan may result in total finance charges being higher over life of loan. Reduction in payments may reflect longer loan terms. Terms of the loan may be subject to payment of points and fees by the applicant. We conduct business in accordance with the Federal Fair Housing Law & the Equal Credit Opportunity Act.

You can visit the Rocket Mortgage website for more information.