Skip to content
Overview of Rocket Mortgage Process
- Lenders pull borrowers’ credit at the beginning of the approval process and just prior to closing. Checking your credit is essential for getting a mortgage.
- Rocket Mortgage may lower your credit score by a few points. You need a minimum score of 580 for an FHA loan.
- It usually takes about a week to get your mortgage preapproval after you apply.
Rocket Mortgage Features
- Rocket Mortgage offers rich online and mobile functionality, including communication with loan officers, document uploads, and access to closing documents.
- Closing on a home typically takes 30-45 days, with the closing day lasting 1-2 hours.
Understanding Quicken Loans and Rocket Mortgage
- Quicken Loans, the company behind Rocket Mortgage, aims to simplify the mortgage process.
- Rocket Mortgage’s pre-approval involves a soft credit check that does not affect your score. However, a hard credit inquiry is conducted upon formal application.
