Quicken and Rocket can both verify your financial details online which means you won’t have to upload all the traditional mortgage documentation such as pay stubs, bank statements, and tax forms. Since it’s not an actual bank, Quicken and Rocket don’t provide home equity lines of credit (helocs), but they do offer traditional refinancing such as home equity loans. I point this out because a lot of online lenders offer only a limited selection of loan options. Both companies issue mortgage loans in all 50 states, and both service their own loan products.Īnd, Quicken and Rocket both write all sorts of mortgage loans: conventional loans, FHA loans and VA loans, along with Jumbo mortgages, and even USDA loans. A few years ago Quicken launched Rocket Mortgage as an all-online mortgage lender.īoth Quicken Loans and Rocket Mortgage use the same underwriting process, so I’ve grouped them together for this post. Quicken Loans is now the largest retail mortgage lender in the entire country. LoanDepot: Best for FHA Loans / Financing New Construction.Freedom Mortgage: Best for Special Conventional Loans. ![]() Quicken Loans / Rocket Mortgage: Best Overall.
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