What are the details of VA loan offerings by Rocket Mortgage?

Rocket Mortgage, one of the largest mortgage lenders in the United States, provides VA loans that are designed to offer long-term financing to American veterans or their surviving spouses, provided they do not remarry. These loans are backed by the Department of Veterans Affairs (VA) and typically offer competitive interest rates with no down payment requirements for qualified borrowers. Furthermore, Rocket Mortgage does not charge lender fees on VA loans, which can significantly reduce closing costs for homebuyers. Eligibility for a VA loan through Rocket Mortgage requires suitable credit, sufficient income, and a valid Certificate of Eligibility (COE). With these loans, veterans can purchase a primary residence without needing private mortgage insurance (PMI), making homeownership more accessible and affordable for those who have served in the military.