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Rocket Homes Review

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Michael Graw
Michael Graw
Jul. 19, 20224 min read

Rocket Homes summary

Rocket Homes offers an online platform that helps you buy and sell real estate. Users can access a map of homes for sale, market reports for an area, and can get matched with an agent. Rocket Homes has a mobile app which allows buyers to browse house listings, calculate how much house they can afford, and it can even help check your credit score. If you need help, real estate advisors are available by phone and email.

Pros

  • Find homes for sale in your area
  • Large, national, agent network
  • Support by phone and email

Cons

  • No physical branches
  • No closing cost discount when closing with Rocket Mortgage
Rocket Homesat a glance
4.0

Editorial score

Customer Service and Support

Excellent customer service

4.0

Variety of Loan Types

Varies by lender

3.0

Variety of Products

Varies by lender

3.0

Online Experience

User-friendly website with learning tools, easy access to rates

5.0

Geographical Availability

Available in all 50 states

5.0

Rocket Homes Rocket Homes Visit Rocket Homes

Overview

Rocket Homes offers an online platform designed to help you find a home and match you with an agent. The service offers a map of homes for sale in your area as well as city-specific market reports so you can see how prices and buying trends have changed over time. Rocket Homes also offers tools for sellers, including a property report to see how much your home is worth.

Rocket Homes is a sister company to Rocket Mortgage, which offers conventional, jumbo, and government-backed FHA and VA mortgages and refinances.

The Rocket Homes agent network represents real estate agents throughout the country, in all 50 states. The agents are trained yearly and are regularly vetted to maintain high company standards.

Suitable For?

Rocket Homes is best suited for individuals who want to browse home listings and find vetted agents in the same place. Rocket Homes matches you with an experienced local agent with knowledge of the local market.

Rocket Homes is especially useful for those who are just starting out their home search. Their website and app offer a map of listings in your area and reports so you can find out whether you’re in a buyer’s market or a seller’s market. Rocket Home also offers a Home Affordability Calculator to help you determine the price of a home you can afford based on current mortgage rates. There is also a free feature to perform a credit check.

Types of Products

Rocket Homes is a real estate company. Rocket Homes matches prospective buyers with local real estate agents all over the country. Rocket Homes takes pride in matching buyers with local agents who will guide buyers to find the best home for their unique needs.

Some special features that Rocket Homes does offer buyers are:

Home Search

A comprehensive and detailed home listing feature which allows prospective buyers to find homes based on their specific lifestyle and financial needs.

Housing Market Report

A feature that allows prospective buyers to see the changes in housing trends and conditions over time in specific areas. These insights include median house prices, number of homes sold, neighborhood comparisons, average time on the market, and asking price vs sold price. 

Credit Monitoring

A feature that allows buyers to see their full credit report and credit history over time. The score simulator is a feature on the app which allows buyers to see how changes in financial habits can influence their credit score.

Home Affordability Calculator

A tool that allows clients to find home listings that fit their budget.

Home Route

A tool that guides clients through the steps of the home-buying process

The Application Process

If you choose to begin an online loan application, you may access Rocket Mortgage through RocketHomes.com. The Rocket Mortgage application process is entirely online, but you can speak with a loan officer by phone, email, or live chat.

The online application process takes around 30 minutes. You can upload required documents such as bank statements and pay stubs directly or enable Rocket Mortgage to connect to your bank. Rocket Mortgage will also run a hard credit check as part of the application process.

Once you’re approved, you can choose to lock in your offered rate. You can also print preapproval letters with any amount up to your maximum approved loan so that prospective sellers don’t know your total budget.

Repayment Terms

Repayment terms are variable and will be lender-dependent.

Help & Support

Rocket Homes’ customer support staff is available by phone or email.

Summary

Rocket Homes makes it easy to find your next home with an online map of listings in your area and market research reports. The service helps to connect you with a local agent, as well as with finding out how much house you can afford.

FAQs

Where can Rocket Homes help me find a home?

Rocket Homes can help you find a home in all 50 states.

Is Rocket Homes the same as Rocket Mortgage?

No. Rocket Homes and Rocket Mortgage are sister companies. Rocket Homes helps you find a home and connect with an agent, while Rocket Mortgage originates loans.

Physical Address

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Rocket Homes Rocket Homes Visit Rocket Homes

Methodology

This review was completed using information from the Rocket Homes and Rocket Mortgage websites and by testing the Rocket Mortgage online application.

Michael Graw
Written byMichael Graw

Michael Graw is a Bellingham, Washington-based writer focusing on finance, tech, and science. His work has been featured in print magazines and high-impact websites. He writes for BestMoney and enjoys helping readers make sense of the options on the market.‎

Rocket Homes
Rocket Homes
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