Industry specific news, ideas, questions, stories and anything related to the job. Pay attention to what their real estate commission is, as these can range significantly as well.īut if you don’t already have a preferred lender and/or real estate agent and are open to being referred, this could save you some cash at closing.For discussion about what it means to be a Realtor. And the company’s ability to get you to the finish line. That includes the mortgage rate and the net closing costs after any credits. While lender credits and rebates can save you money, you’ve got to consider the big picture. There’s also the recently-launched Rocket Visa Signature Card, which earns rewards that can be applied to closing costs or a down payment on a home.Īs always, be sure to compare offers from other banks and mortgage lenders. Points are worth a penny each, so 10,000 Rocket Rewards would be worth $100 off closing costs. It allows you to earn points for reading homeownership articles, watching videos, or simply signing up. Rocket Mortgage’s loyalty program is known as Rocket Rewards. To qualify, you simply need to use a Rocket Homes Partner Agent for both transactions, and Rocket Mortgage to get your home loan.Īdditionally, it’s possible to combine the BUY+ credit with any Rocket Rewards you’ve earned. You can take advantage of the 1.5% lender credit on the purchase side, and the 1% rebate on the sell side. Many home sellers are also home buyers, so if that’s you, it’s possible to bundle the savings. You Can Bundle Both Programs If Buying and Selling a Home This includes Alabama, Alaska, Iowa, Kansas, Mississippi, Missouri, New Jersey, Oklahoma, Oregon, and Tennessee. Note that the Rocket Homes SELL+ rebate is not available in states where such rebates aren’t permitted.
settlement statements) required to calculate the pertinent rebate amount. The Rocket Homes rebate checks will be issued within 30 days of the company receiving documentation (e.g. While someone selling a $400,000 home in Texas would be entitled to $4,000. In terms of savings, it depends on the sales price.įor example, a home seller in California could receive $7,500 via rebate check if they sold a $750,000 home via the program. Per closed client surveys, more than one million customers have already been served, with an overall average agent rating of 4.8 out of 5 stars. These real estate agents “are vetted and verified real estate professionals” that come highly rated. It offers a 1% rebate of the final sale price when you use a real estate agent who participates in Rocket Homes’ Partner Network. In conjunction with BUY+, sister company Rocket Homes has launched “SELL+.”
Rocket Homes SELL+ Comes with a 1% Rebate In order to be eligible, you must lock your mortgage rate on or after through. It’s also possible to snag the 0.75% credit if you generate a Verified Approval or a RateShield letter via Rocket Mortgage.įinally, customers who buy a home with their own agent can still receive a 0.25% lender paid credit when using Rocket Mortgage.
Even those who use an unaffiliated real estate agent can earn a 0.75% credit if that individual refers them to Rocket Mortgage.
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