According to Rocket Mortgage, it is America's largest mortgage lender. Rocket Mortgage, formerly known as Quicken Loans, has 35 years of experience in the mortgage industry. This may carry more weight with sellers than the basic preapproval letter.įor more details, read our review. It also offers a verified preapproval letter, which means has reviewed your financial documents and completed a hard credit pull. You can include the preapproval letter with any purchase offers on a home. Once you provide your information, offers a basic preapproval letter, which it claims can be obtained in three minutes. You can view example rates on the website, but you’ll need to provide personal information to get a loan quote tailored to your situation. You can refinance your mortgage with for a better interest rate or loan term, and you can also do a cash-out refinance. You can get a 15-, 20-, or 30-year loan term based on which loan is best suited for your financial goals. It offers FHA, jumbo, and conventional mortgages. The company offers a variety of loan types for buying or refinancing a home, including both adjustable- and fixed-rate mortgages for your primary residence, second home, or investment properties. If you buy your home through Better Real Estate, you may get $2,000 off your closing costs with Better Mortgage. Better also doesn’t charge any lender fees such as origination or application fees, and it has 24/7 customer service.īetter also offers other services, including Better Real Estate, title insurance, and homeowners insurance. Since Better doesn’t pay commissions, its loan officers aren’t paid more based on the size of your mortgage. Many loan officers are paid a commission of about 1% of the loan amount, which may incentivize them to push borrowers into a larger mortgage. One way it sets itself apart is by not paying its agents commission. It’s a direct lender that offers an online loan application for customers looking to buy a new home or refinance their current one. Must create and verify an account before seeing all available rates and productsī was founded in 2014.CEO laid off 900 workers over Zoom in December 2021.Highest in mortgage service customer satisfaction by J.D.Available in all 50 states and Washington, D.C.Save $2,000 on closing costs when working with their real estate agent partners.May accept 580, but typically requires 620 Let’s take a quick look at how these online mortgage lenders stack up. 4 important differences between and Rocket Mortgage.What both and Rocket Mortgage excel at.

Rocket mortgage preapproval