Do Rocket Mortgage loans include coverage for closing costs?

Rocket Mortgage, like most lenders, offers loan options that may allow borrowers to finance their closing costs. Typically, closing costs are out-of-pocket expenses that a homebuyer incurs when purchasing or refinancing a property, and they can include items such as appraisal fees, title insurance, and origination fees. While these costs are generally expected to be covered by the borrower at closing, options like lender credits may be available in exchange for a higher interest rate on the loan, rolling the costs into the loan balance if there is sufficient equity or having them paid by the seller as part of the purchase negotiations. It's important for borrowers to discuss their particular financial situation with a loan specialist to understand all of their options regarding closing costs when obtaining a mortgage through Rocket Mortgage.