Author | Rocket Mortgage

What Is The Average Down Payment On A House?

Home Buying - 3-minute read

Victoria Araj - June 29, 2023

The average down payment on a house is around 6%, depending on several factors. Check out our breakdown and see what you can expect to spend on your payment.

House Shopping Guide: Tips And Tricks For House Hunters

Home Buying - 8-minute read

Victoria Araj - June 28, 2023

There are several steps in the house-shopping process, from getting initial mortgage approval to viewing a house in person. Learn more house shopping tips here.

Buying A House In 2023: A Step-By-Step How-To

Home Buying - 18-minute read

Victoria Araj - June 24, 2023

Buying a house involves several steps, so we broke the home buying process down for you. Avoid any confusion and check out our comprehensive guide to buying a house.

How Long Does It Take To Refinance A House?

Refinancing - 7-minute read

Victoria Araj - June 24, 2023

Looking to refinance your mortgage? Find out how long it takes to refinance your home and ways to prepare for this process with our helpful tips.

How Long Does An Appraisal Take, And What Factors Can Affect The Home Appraisal Process?

Home Buying - 3-minute read

Victoria Araj - June 23, 2023

Home appraisals can take anywhere from a few days to a week depending on the complexity of the property, the appraiser’s schedule and other varying factors.

USDA Streamline Refinance: Everything You Need To Know

Refinancing - 6-minute read

Victoria Araj - June 23, 2023

A USDA Streamline Refinance gives eligible borrowers with little or no home equity an opportunity to refinance their mortgage. Learn about this loan option.

How Much Income Do I Need To Buy A House?

Home Buying - 7-minute read

Victoria Araj - June 23, 2023

Debating if you have the funds to purchase a home? Learn how much income you’ll need to buy a house and what lenders consider when reviewing applications.

HomeReady Mortgage: Do You Qualify For This Loan?

Home Buying - 6-minute read

Victoria Araj - June 22, 2023

A HomeReady mortgage can assist you in the home buying process, offering you a lower down payment. See how the program works and find out if you qualify.

Home Loans For Teachers: A Guide To Teacher Home Buying Programs

Loan Types - 5-minute read

Victoria Araj - June 22, 2023

Teacher Next Door is just one of the many home buying programs offered to teachers for their public service. Learn about more home loan programs for educators.

Home Buying Checklist For First-Time Home Buyers

Home Buying - 7-minute read

Victoria Araj - June 22, 2023

Starting the process of buying your first home? Use our extensive first-time home buyer checklist to help you prepare and ensure you don't miss a step.

The Final Walkthrough: Checklist Of What To Look For

Home Buying - 9-minute read

Victoria Araj - June 22, 2023

The final walkthrough is your last chance to ensure the seller followed through on repairs to your new home before closing. Here’s what you need to know.

What Are Mortgage Servicing Fees And How Can You Avoid Them?

Servicing - 5-minute read

Victoria Araj - June 20, 2023

Borrowers can face mortgage servicing fees in certain situations. Discover what mortgage fees to avoid as a homeowner, including late payment and recast fees.

What Is An FHA Mortgage Insurance Premium?

Home Buying - 8-minute read

Victoria Araj - June 19, 2023

Are you applying for an FHA loan? Read on to learn about the FHA mortgage insurance premium (MIP) you’ll need to pay in addition to your mortgage payment.

Co-Signing A Mortgage Loan: What Both Parties Need To Know

Home Buying - 9-minute read

Victoria Araj - June 14, 2023

Getting a co-signer can help make homeownership possible and can be a great option, but there are some risks to the co-signer. Here’s what you need to know.

What Not To Do After Closing On A House: Avoid Common Mistakes

8-minute read

Victoria Araj - June 13, 2023

Just closed on a new house and looking for tips on what’s next? Learn what not to do after closing on a house and steps to take to avoid trouble down the road.

FHA Cash-Out Refinance: A How-To Guide

Refinancing - 8-minute read

Victoria Araj - June 12, 2023

Considering an FHA cash-out refinance? Check out our guide to the FHA cash-out refi, including requirements and an explanation of how the process works.

What Is A Fixed-Rate Mortgage And How Does It Work?

Loan Types - 5-minute read

Victoria Araj - June 09, 2023

Fixed-rate mortgages are a type of home loan where the interest rate does not change over the course of the loan. Learn more about fixed rate mortgages here.

A Guide To First-Time Home Buyer Programs, Loans And Grants

Home Buying - 7-minute read

Victoria Araj - June 09, 2023

Looking to buy your first home? See if you qualify for these first-time home buyer programs, loan options and grants.