Does using Rocket Mortgage affect your credit score?

Yes, using Rocket Mortgage can affect an individual's credit score. When a person applies for a mortgage with Rocket Mortgage or any other lender, the company typically performs what is known as a hard inquiry into their credit report to evaluate creditworthiness. This inquiry can cause a small and temporary decrease in the applicant's credit score. However, this impact is generally minor and the score can rebound over time with responsible financial behavior. It's worth considering that the effect of a hard inquiry diminishes over time and will eventually drop off the credit report entirely after about two years. Additionally, if one is shopping for the best mortgage rates and multiple lenders perform credit checks within a short period, generally within 14 to 45 days, these are often treated as a single inquiry for the purpose of calculating the credit score.