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Rocket Mortgage, LLC, formerly Quicken Loans, LLC, is an American mortgage lender, headquartered in Detroit, Michigan. Rocket Mortgage uses wholesale funding for loans and online applications as opposed to a branch system.
With many mortgage lenders, you can apply for a mortgage online and complete the process in 45 minutes or less — if you have all of your information ready beforehand. That’s a big if, of course.
Mortgage Experience. Over 35 years; Rocket Mortgage introduced in 2015. Over 20 years. 9 years. Minimum Credit Score. Minimum Credit Score. Minimum Credit Score. 580 for FHA loans. 600. 620. Learn ...
This includes Rocket Mortgage’s ONE+ program and United Wholesale Mortgage’s Conventional 1% Down program. For these programs, the lender pays 2 percent of the required 3 percent down payment ...
Jay Farner (born March 24, 1973) is an American businessman and investor. He is the founder and CEO of Ronin Capital Partners, a venture capital firm. Previously, Farner was the Vice Chairman and chief executive officer of Rocket Companies (formerly known as Quicken Loans), which includes Rocket Mortgage, the nation's largest retail mortgage lender.
He operates the Rocket Mortgage FieldHouse in Cleveland, Ohio, home to the Cavaliers and Monsters. As of December 2024, Forbes estimated his net worth at US$23.3 billion making him 87th richest person [ 3 ] and according to Bloomberg Billionaires Index , with an estimated net worth of US$27.4 billion, he is the 71st richest individual in the world.
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