does rocket mortgage offer home equity loans

Yes, Rocket Mortgage offers home equity loans. A home equity loan allows homeowners to borrow against the equity they have built in their property. Rocket Mortgage, as a leading online lender, provides convenient and accessible options for securing a home equity loan that can help homeowners unlock the value of their property.

Understanding Home Equity Loans

A home equity loan, also known as a second mortgage, allows homeowners to borrow a lump sum of money using the equity they have accumulated in their property as collateral. The equity is the difference between the appraised value of the property and the outstanding mortgage balance. Here are some key points to understand about home equity loans:

  • Home equity loans typically have fixed interest rates and fixed repayment terms.
  • These loans are secured by the borrower’s property, which means that failure to repay the loan could result in foreclosure.
  • The funds from a home equity loan can be used for various purposes, such as home renovations, debt consolidation, education expenses, or emergencies.
  • Loan amounts are determined based on factors like the borrower’s creditworthiness, the appraised value of the property, and the remaining mortgage balance.

Now that we have a basic understanding of home equity loans, let’s explore how Rocket Mortgage offers this option to homeowners.

Applying for a Home Equity Loan with Rocket Mortgage

Rocket Mortgage streamlines the home equity loan application process, making it easier and more convenient for homeowners. Here’s how you can apply for a home equity loan through Rocket Mortgage:

  1. Start by visiting the Rocket Mortgage website or using their mobile app.
  2. Complete the online application form, providing information about your property, your income, and your desired loan amount.
  3. Submit any required documents, such as proof of income, property documents, and identification.
  4. Review the loan options presented by Rocket Mortgage, including interest rates, repayment terms, and estimated monthly payments.
  5. Select the home equity loan option that best fits your needs and preferences.
  6. Complete the loan closing process, which may involve signing documents electronically or in person.

By offering an efficient digital platform and personalized loan options, Rocket Mortgage simplifies the home equity loan application, ensuring homeowners have access to the funds they need in a timely manner.

Advantages of Choosing Rocket Mortgage for a Home Equity Loan

When considering a home equity loan, choosing the right lender is crucial. Rocket Mortgage offers several advantages for homeowners seeking a home equity loan:

  • Convenience: Rocket Mortgage’s online platform allows borrowers to apply for a home equity loan from the comfort of their own home, at any time that suits them.
  • Competitive Rates: Rocket Mortgage strives to provide competitive interest rates, helping homeowners secure a home equity loan that suits their financial goals.
  • Transparent Process: Rocket Mortgage ensures transparency throughout the home equity loan application process, clearly presenting loan options, fees, and terms.
  • Expert Guidance: Rocket Mortgage provides access to mortgage specialists who can assist homeowners in finding the right home equity loan option based on their unique needs.

These advantages make Rocket Mortgage a reliable choice for homeowners looking to tap into their home’s equity and make the most of their financial resources.


In conclusion, Rocket Mortgage does offer home equity loans. With their user-friendly online platform and personalized loan options, homeowners can easily apply for a home equity loan and access the funds they need. Whether you’re planning home improvements, tackling debts, or fulfilling other financial goals, Rocket Mortgage can be a valuable partner in helping you leverage the equity in your property.