Rocket Mortgage does not have a minimum loan amount, which is good news. USDA loans help lower-income borrowers in rural areas nonqualified mortgages help borrowers who don’t meet conventional loan requirements. Department of Agriculture (USDA) loan or a nonqualified mortgage, you’ll need to find a different lender. If you want a less-common loan type, like a U.S. You can get a five-year ARM with an FHA or VA loan.You can get a five-, seven- or 10-year ARM with a conventional loan. In addition to fixed-rate mortgages, Rocket Mortgage offers adjustable-rate mortgages (ARMs). Rocket Mortgage offers the following types of mortgages: You can check Rocket Mortgage’s rates for the most common mortgage types on its website. Its interest rates on 30-year, fixed-rate conventional conforming purchase loans are comparable to national averages. Rocket Mortgage operates in all states and the District of Columbia, except in Puerto Rico.
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