Rocket Mortgage's new manufactured home financing can be used for the purchase of a primary residence with as little as 5 percent down or a second home with at least 10 percent. We are looking forward to helping them achieve homeownership," Walters added. These are clients with great income, credit scores and who are very creditworthy. "In the past year, there was roughly $12 billion in sales of manufactured homes. The Institute also stated that 22 million Americans currently live in manufactured homes and this building type accounts for 9 percent of new home construction. This housing option offers a cost effective choice for homebuyers as evidenced by a recent report from the Manufactured Housing Institute showing manufactured homes are about a third of the cost, on average, of a site-built home. Once the home arrives on site and is placed on a permanent foundation, it becomes real property and is able to be financed through a mortgage. It is then delivered to the land where the owner will live in it. Manufactured homes are built at indoor homebuilding facilities in accordance with the Department of Housing and Urban Development (HUD)'s Manufactured Home Standards. "It's our hope that, through this new option, more Americans can realize their dream of homeownership."
"After revolutionizing the home loan experience for traditional site-built homes, we are proud to bring the technology and expert guidance Rocket is known for to those who are purchasing manufactured homes," said Bob Walters, CEO of Rocket Mortgage. 2, 2022 /PRNewswire/ - Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today introduced a conventional loan option for Americans who are interested in purchasing or refinancing a manufactured home.
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Amrock has closed more than a million mortgages using eClosing technology and, based on the volume of registered notes on the Mortgage Electronic Registration System (MERS), Amrock is currently responsible for the majority of eClosings in America.This is the latest in a series of new loan programs from Rocket Mortgage that help Americans achieve homeownershipĭETROIT, Nov.Amrock, the nation’s largest title insurance, property valuations and settlement services provider, created proprietary technology to electronically close (eClose) mortgage transactions entirely from a mobile device.Rocket Solar is available in 57 metropolitan areas and the company is partnered with sister company Rocket Loans to provide solar financing options to its clients.Rocket Money has saved its members a combined $155 million just in canceled subscriptions – and saved members more than $245 million overall – since it was founded in 2015.With 20 accolades, Rocket Mortgage is the industry’s most awarded brand in J.D.We believe this net client retention rate is unmatched among mortgage companies and on par with some of the best performing subscription business models in the world. Rocket Mortgage net client retention rate was 93% over the 12 months ended September 30, 2022.Rocket Mortgage has closed more than $1.5 trillion in home loans since 1985 and services more than 2.5 million families’ mortgages every month.Plus, its team members have spent more than 800,000 hours volunteering in the neighborhoods where they live work and play. Through philanthropic partner company the Rocket Community Fund, Rocket has contributed more than $200 million to community organizations and programs.
As of September 30, 2022, Rocket Companies has more than 24 million Rocket Accounts – the single sign-on solution for the services in the Rocket ecosystem.The Company helps clients achieve the dream of home ownership and financial freedom through industry-leading client experiences powered by its simple, fast and trusted digital solutions.Rocket Companies is a Detroit-based FinTech platform company consisting of personal finance and consumer technology brands creating certainty in life’s complex moments.Rocket Companies creates certainty in life’s most complex moments so our clients can live their dream.
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