What loan types does Rocket Mortgage offer?

Rocket Mortgage offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing score and performance metrics.

Where does Rocket Mortgage offer mortgages?

Rocket Mortgage is a national lender offering mortgages in all 50 states plus Washington D.C.

How competitive are Rocket Mortgage's mortgage rates?

Rocket Mortgage has an overall pricing score of 28.6/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Rocket Mortgage?

Rocket Mortgage is a Independent Mortgage Company headquartered in PLYMOUTH, MI.

Unclaimed

Rocket Mortgage

Independent Mortgage Company•Plymouth, MIHQ•Direct & Wholesale•Reviews near you on Google

Rocket Mortgage's 266.4k closed loans and 363k applications, benchmarked against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Exceptional

5/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · Jumbo

Place

Exceptional

5/5

National · 49 mkts

Promptness

Mediocre

1/5

No reply within 4+ business days

Awards

Conventional

Superstar

FHA

Superstar

Jumbo

Superstar

Purchase

Superstar

Refinance

Superstar

Summary

What They Do Well

Strong pull through performance
High volume lender with significant market experience
Particularly strong in Conventional and FHA and VA and Jumbo loans
Nationwide availability with consistent service

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

Rocket Mortgage performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+33.4 bps above market avg

Pull Through

Closing strength

Exceptional

Top 10% of lenders

By Loan Product· Specialization by type

Conventional

Exceptional

Top 5% of lenders

FHA

Exceptional

Top 5% of lenders

Exceptional

Top 5% of lenders

Jumbo

Exceptional

Top 5% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 5% of lenders

Refinance

Exceptional

Top 5% of lenders

By Location· Geographic coverage

Geographic Reach

National · 50 markets

Exceptional

Top 10% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Exceptional	Acceptable	Exceptional	180,718	67.8%	+0.321%Above	$3,749Fees
FHA Loans	Strong	Exceptional	Acceptable	Exceptional	60,784	22.8%	+0.525%Above	$4,173Fees
VA Loans	Strong	Exceptional	Acceptable	Exceptional	22,011	8.3%	-0.207%Below	$4,521Fees
Jumbo Loans	Strong	Exceptional	Sound	Strong	2,898	1.1%	+0.208%Above	$3,064Fees

Conventional

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Exceptional

Volume180,718

Mix67.8%

Spread

+0.321%Above

Fees

$3,749Fees

FHA Loans

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Exceptional

Volume60,784

Mix22.8%

Spread

+0.525%Above

Fees

$4,173Fees

VA Loans

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Exceptional

Volume22,011

Mix8.3%

Spread

-0.207%Below

Fees

$4,521Fees

Jumbo Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Strong

Volume2,898

Mix1.1%

Spread

+0.208%Above

Fees

$3,064Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Exceptional	Acceptable	Strong	132,734	49.8%	+0.279%Above	$3,418Fees
Refinance	Strong	Exceptional	Acceptable	Exceptional	133,677	50.2%	+0.410%Above	$4,515Fees

Purchase

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume132,734

Mix49.8%

Spread

+0.279%Above

Fees

$3,418Fees

Refinance

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Exceptional

Volume133,677

Mix50.2%

Spread

+0.410%Above

Fees

$4,515Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

266,411

Applications

363,152

Volume

$84 billion

Pricing & Closing

Avg Rate Spread

+0.334%

vs. market APOR

Avg Net Fees

$3,881

Origination − Credits

Pullthrough Rate

73.4%

Applications → Closed

Typical Borrower

Avg Loan Amount

$318,498

Avg Borrower Income

$131,668

Avg Property Value

$444,933

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

Includes Washington, DC

Avg Place Specialization

Exceptional

5/5

States with Loan Originations

51Nationwide · all 50 states and DC

Northeast9

CTMEMANHNJNYPARIVT

Midwest12

IAILINKSMIMNMONDNEOHSDWI

South17

ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV

West13

AKAZCACOHIIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© Warren LeMay from Cincinnati, OH, United States · CC0

Atlanta, GAMetro

Volume 6,570Mix 2.47% of portfolio

100/100

Exceptional

2© Dan Gaken · CC BY 2.0

Pittsburgh, PAMetro

Volume 2,335Mix 0.88% of portfolio

100/100

Exceptional

3© Bubba73 · CC BY-SA 3.0

Marietta, GAMetro

Volume 1,796Mix 0.67% of portfolio

100/100

Exceptional

4© Basil D Soufi · CC BY-SA 3.0

Oakland, CAMetro

Volume 2,341Mix 0.88% of portfolio

100/100

Exceptional

Charlotte, NC-SCMetro

Volume 3,911Mix 1.47% of portfolio

100/100

Exceptional

Detroit, MIMetro

Volume 3,175Mix 1.19% of portfolio

99/100

Exceptional

Lakewood, NJMetro

Volume 2,121Mix 0.80% of portfolio

98/100

Exceptional

Montgomery County, PAMetro

Volume 1,398Mix 0.52% of portfolio

98/100

Exceptional

Fort Worth, TXMetro

Volume 2,308Mix 0.87% of portfolio

98/100

Exceptional

Los Angeles, CAMetro

Volume 5,129Mix 1.93% of portfolio

98/100

Exceptional

Showing 10 of 49 metro areas

Top States by Place Specialization Score

GeorgiaState

Volume 13,981Mix 5.25% of portfolio

100/100

Exceptional

PennsylvaniaState

Volume 11,053Mix 4.15% of portfolio

100/100

Exceptional

VirginiaState

Volume 8,280Mix 3.11% of portfolio

100/100

Exceptional

South CarolinaState

Volume 5,799Mix 2.18% of portfolio

100/100

Exceptional

New JerseyState

Volume 6,687Mix 2.51% of portfolio

100/100

Exceptional

KansasState

Volume 2,363Mix 0.89% of portfolio

99/100

Exceptional

AlabamaState

Volume 4,227Mix 1.59% of portfolio

99/100

Exceptional

West VirginiaState

Volume 1,554Mix 0.58% of portfolio

99/100

Exceptional

MichiganState

Volume 14,284Mix 5.36% of portfolio

98/100

Exceptional

TexasState

Volume 21,383Mix 8.03% of portfolio

98/100

Exceptional

Showing 10 of 51 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

Looking for a different lender?

Are you the owner of Rocket Mortgage?

Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.

Claim this Profile

The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.