Does Rocket Mortgage service its own loans?

Yes, for the most part. Rocket Mortgage services almost all its loans except jumbo loans, which means your loan won't be sold after you close. With the Mr. Cooper acquisition, Rocket's servicing capabilities are now the largest in the industry.

What is the downside of Rocket Mortgage?

It doesn't offer as many mortgage options as some lenders. It doesn't provide USDA loans, HELOCs, construction loans or loans for manufactured or mobile homes. And because it's fully online, you won't get the personalized experience of working with a local mortgage broker.

Can I use Rocket Mortgage if I'm self-employed?

Yes, but you'll need to provide additional documentation like profit and loss statements, business bank statements and tax returns.

How long does it take to close with Rocket Mortgage?

Rocket's digital process can speed things up, but typical closing times are still 30–45 days, similar to other lenders. Bridge loans can be funded in as little as five days.