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QUESTION

Does Rocket Mortgage offer financing for land purchases?

ANSWER

20

As of the last update, Rocket Mortgage does not offer land loans. Rocket Mortgage, known for its digital mortgage platform, specializes primarily in home purchase loans such as conventional loans, FHA loans, VA loans, and larger loan amounts with its Jumbo Loans. They focus on properties that already have a primary structure like a house on them, rather than raw land or lots that are intended for future development. Individuals looking to purchase land might need to consider local banks, credit unions, or specialized lenders that offer land loans or construction-to-permanent financing solutions.


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04.21.2024
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