If you’re in the market for a home and feel comfortable making mortgage payments but just not at a point where you can afford a down payment and closing costs, let Rocket Mortgage help. Rocket Mortgage recently launched BUY+, a program that’s making it easier for people to afford homeownership.
What is the BUY+ Program?
Rocket Mortgage and Rocket Homes recently collaborated to launch the BUY+ program. Clients who utilize a partnering real estate agent through Rocket Homes and the services of Rocket Mortgage receive a credit equal to 1.5% (up to $10,000) of their loan to be used toward their closing costs.
Homebuyers who use their own real estate agents but are referred to Rocket Mortgage can still take advantage of the program. They’ll receive a credit equal to 0.25% of their loan for closing costs. In addition, customers opting for a Verified Approval, which is a full mortgage approval that considers their income, assets, and credit, will receive a 0.75% credit of their loan to be used toward closing costs.
Rocket Mortgage is part of the Rocket Companies and is the nation’s largest home lender, closing nearly $2 trillion of mortgages across the country since it was founded in 1985. Rocket Mortgage was the first mortgage company to implement a fully digital mortgage experience (2015).
Rocket Homes has vetted real estate agents who work with clients all across the U.S. to help them buy or sell their homes. Through Rocket Homes, 20,000+ agents have served more than one million customers with an average agent rating of 4.8 out of 5 stars.
Prior to the BUY+ program, Rocket Homes launched the SELL+ offer that allows home sellers to receive a rebate check for 1% of the sale price after closing when they list their home for sale with a Rocket Homes real estate professional. Customers buying and selling can use both programs to make their home-buying experience that much more affordable.
Getting Started With Rocket Mortgage
Rocket Mortgage has made the process of securing homeownership simple by providing an easy online platform that gets you approved quicker. In addition, it now puts money in your pocket to help you secure the closing costs that seemed too difficult to acquire. Their process is simple: 1) apply online; 2) get approved; 3) close your loan; 4) manage your mortgage – all online.
The Bottom Line
If not having enough for closing costs is preventing you from purchasing a home, Rocket Mortgage has now made home-buying more affordable with its BUY+ program that could put up to $10,000 in your pocket for closing costs.
If you’re in the market to sell your home only to purchase another home, you can take advantage of the SELL+ offer that pays 1% of the sale price toward closing costs along with BUY+. Enjoy both benefits from Rocket.
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