- Refinancing options
- Cash out, rate-and-term
- Minimum credit score
- 580 - 620
- Availability
- Nationwide
Rocket Mortgage offers refinancing for both conventional loans and government mortgages, including FHA and VA mortgage loans. The application process is completely online, with the ability to upload your financial documents through the mobile app.
It takes only 10 minutes to see which refinance rate you qualify for. With 24-hour online access to your loan and the ability to connect with Rocket’s home loan experts seven days a week, the refinancing process is streamlined and user-friendly.
- 90-day rate lock
- Available nationwide
- 100% online application
- No in-person services
- No construction loans or HELOCs
- High origination fees
Many choose Rocket because of the ease of the application process. Since customers can upload their documents via their phone, the process goes much faster than with lenders that require hard copies. “Recently refinanced using Rocket Mortgage. Process was fast and pain-free and almost completely online. The portal was super useful, and the chat representatives were knowledge-full and efficient,” said one reviewer in New Jersey.
Though Rocket Mortgage is highly rated by ConsumerAffairs readers, some were dissatisfied with how long the refinance process took.