For renters

You could save thousands on a home of your own

Rocket Mortgage is giving you 10% of your rent as a credit toward closing costs with RentRewards.¹

Get started with RentRewards

Start my home search

A woman with dark hair holds a paint roller while painting a pink room. A graphic states “Savings up to $5,000” with monetary amounts of estimated savings.

Renting vs. buying

Renting gives you flexibility now, but owning a home can help you build your future.

Local housing market report

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.

See my market report

A black and white cat sitting on a couch, a room featuring a baby bassinet and a young man and woman lay on the floor in their home after painting their room pink.

Help for first-time buyers

If you haven’t owned a property in the past three years, you’re a first-time home buyer. Our experts can guide you through loan options and resources designed for you.

Connect with an expert

A woman with curly black hair is smiling while wearing a red blazer with a decorative brooch.

Renting vs. buying

Local housing market report

Help for first-time buyers

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.

See my market report

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

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More resources

Couple hugging each other after purchasing their first home together.

6-minute read

A guide to first-time home buyer programs, loans and grants

Woman cooking food with her children at the kitchen counter.

9-minute read

15 first-time home buyer tips

Woman with dark hair drinking a cup of tea and sitting on the couch surrounded by patterned pillows.

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

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

Frequently asked questions

Don’t wonder what’s best. Ask us!

(888) 452-8179

How much can I get?

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

What are closing costs?

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

Do I have to have lived in the same home for the past year to qualify?

No. We’ll consider all rental payments over the past 12 months when calculating your savings.

What do I need to do to qualify?

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.

What if I can’t pay a 20% down payment?

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.

Learn more about home buying

When you’re ready to buy, we’ve got you

You’re the expert on what you need in a new home. We’re the experts on how to get you there. When you’re ready, just reach out.

Get started with RentRewards

1 Clients who are current renters will receive a lender credit toward closing equivalent to 10% of the total amount of their 12-month current rental payment, up to $5,000. Current renters are defined as individuals who are currently under a lease agreement. Offer only valid on primary residences. Offer valid only through retail channels and on loans that are locked on or after February 11, 2025. Offer not available for Non-Occupant Co-Clients. Offer not available for partnerships. Offer not valid on Jumbo loans, Schwab products or previously locked or closed loans. Offer is nontransferable. Offer is not valid with any other discounts or promotions. Additional restrictions/conditions apply. Rocket Mortgage reserves the right to modify/cancel this offer at any time. This is not a commitment to lend.