Renting vs. buying
Renting gives you flexibility now, but owning a home can help you build your future.
Rent vs. buy calculator
The rent vs. buy calculator can help you see the long-term picture, including the costs and benefits of both.
Home affordability calculator
Check how different home prices fit in your budget with our home affordability calculator.
Renting could be your gateway to homeownership
If you’ve been waiting for the right time to buy, this could be it.
Local house market report
Look beyond shiny kitchens and big backyards. Rocket's housing market report can give you all the details on your future neighborhood.
Watch for buyer’s markets
When you’re ready, you can use your rental credit toward closing costs.
See the newest listings
And discover trends in your home search area.
Get insights on pricing
Along with average times homes are on the market.
Renting vs. buying
Renting gives you flexibility now, but owning a home can help you build your future.
Rent vs. buy calculator
The rent vs. buy calculator can help you see the long-term picture, including the costs and benefits of both.
Home affordability calculator
Check how different home prices fit in your budget with our home affordability calculator.
Renting could be your gateway to homeownership
If you’ve been waiting for the right time to buy, this could be it.
Hear from home buyers who chose Rocket Mortgage
Don’t be scared of buying a home. The wife and I were looking to buy our first home, filled out the forms,( totally not expecting much) and we had a house and closed in 4 weeks. Rocket mortgage made this extremely easy … if your tired of renting and ready to make your first real investment give it a shot!
Mitchell Henderson
We had an excellent experience with Rocket every step of the way. We hadn’t owned for a number of years and got caught in a cycle of renting… especially after Covid. I figured it was too late but Gabe made it possible for us to own a home again. Just awesome.
Valued client
I was desperate and in a crunch to close on a house I had been renting. My rocket team pulled through on all accounts and I owe them all of my gratitude!
Valued client
More resources
6-minute read
A guide to first-time home buyer programs, loans and grants
9-minute read
15 first-time home buyer tips
4-minute read
Rent vs. buy: A guide to help you decide
6-minute read
A guide to first-time home buyer programs, loans and grants
9-minute read
15 first-time home buyer tips
4-minute read
Rent vs. buy: A guide to help you decide
We're giving you 10% of your yearly rent (up to $5,000) as a credit on your closing costs.
We'll take a look at your specific situation to personalize your closing costs credit amount, but here's a quick way to estimate it:
Your monthly rent x 12 x 0.1 = Your closing cost credit
Closing costs are additional fees you pay to get your loan processed. These can be about 3% to 6% of the home price.
The specific closing costs you’ll pay depend on the type of loan and where you live, but can include:
Home appraisal
Application fee
FHA mortgage insurance
Homeowners insurance
Escrow funds
No. We’ll consider all rental payments over the past 12 months when calculating your savings.
Just reach out to us. You don’t have to change anything about your financial situation. Our experts will personalize a closing cost credit amount for you based on the past 12 months of your rent payments. Then you can decide if you want to move forward on buying.
The average down payment on a house is actually around 6% for first-time buyers. We have affordable loans with down payments as low as 1%-3%.
A 20% down payment will get you a better rate and lower payments. But we’ll work to find you the best money-saving options no matter what down payment budget you have.