Rocket Mortgage vs Quicken Loans
Rocket Mortgage
Fully digital mortgage lending platform offering fast, online home loans with competitive rates.
Tech-savvy homebuyers with good credit who prioritize speed and convenience
Quicken Loans
Hybrid mortgage lender combining digital platforms with phone and in-person service options.
Borrowers who prefer personal service, those with complex finances, and first-time homebuyers
Short Answer
Rocket Mortgage and Quicken Loans are both owned by the same parent company (Rocket Companies), but Rocket Mortgage operates as a fully digital platform with streamlined online processes, while Quicken Loans maintains a hybrid model with more traditional customer service options. Rocket Mortgage generally offers faster closing times and lower rates for well-qualified borrowers, making it ideal for tech-savvy homebuyers.
Our Verdict
AI-assistedBoth Rocket Mortgage and Quicken Loans are reputable lenders owned by the same parent company, offering competitive rates and comprehensive loan products. Rocket Mortgage excels for borrowers prioritizing speed and digital convenience with slightly lower rates, while Quicken Loans serves those wanting personal interaction and access to more niche loan programs. Choose based on your preference for fully digital vs. hybrid service models and your timeline flexibility.
Was this verdict helpful?
Choose Rocket Mortgage if
Tech-savvy homebuyers with good credit who prioritize speed and convenience
Choose Quicken Loans if
Borrowers who prefer personal service, those with complex finances, and first-time homebuyers
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Key Differences at a Glance
Key Facts & Figures
| Metric | Rocket Mortgage | Quicken Loans | Diff |
|---|---|---|---|
| Average Closing Time(days) | 7-10 days | 10-14 days | -29% |
| APR (30-Year Conventional)(%) | 6.45% | 6.58% | -2% |
| Origination Fee(% of loan) | 0.5-1.5% | 0.5-1.75% | -11% |
| Loan Type Variety(types) | 5 major types | 6+ including portfolio | -17% |
| Minimum Credit Score(score) | 620 (Conventional) | 620 (Conventional) | — |
| Physical Locations(stores) | 0 branches (online only) | 200+ nationwide | -100% |
All figures sourced from publicly available data. Last updated Jun 2026.
Key Differences
Rocket Mortgage
100% online/mobile-first🏆
Quicken Loans
Hybrid (online + phone/in-person)
Rocket Mortgage
7-10 business days🏆
Quicken Loans
10-14 business days
Rocket Mortgage
Conventional, FHA, VA, USDA, Jumbo
Quicken Loans
Conventional, FHA, VA, USDA, Jumbo, Portfolio🏆
Rocket Mortgage
24/7 Digital Support + Limited Phone
Quicken Loans
24/7 Phone + Online + Branch Offices🏆
Rocket Mortgage
6.45%🏆
Quicken Loans
6.58%
Rocket Mortgage
0.5% - 1.5% of loan amount🏆
Quicken Loans
0.5% - 1.75% of loan amount
Rocket Mortgage
580 (FHA), 620 (Conventional)
Quicken Loans
580 (FHA), 620 (Conventional)
Rocket Mortgage
4.7/5 stars (Apple/Google combined)🏆
Quicken Loans
4.4/5 stars (Apple/Google combined)
Full Comparison
| Attribute |  Rocket Mortgage | Quicken Loans |
|---|---|---|
| Customer Satisfaction Rating(relative ranking) | 4.5 | — |
| Total Loan Volume Funded (Lifetime)(billion USD) | Market leader | — |
| Minimum Down Payment(%) | 1% | — |
| Platform Architecture | Digital-first | — |
| Loan Product Categories(types) | Wide variety | — |
| Company Status (2026) | Publicly traded (growth phase) | — |
| Average Closing Time(days) | 7-10 days | 10-14 days |
| APR (30-Year Conventional)(%) | 6.45% | 6.58% |
| Origination Fee(% of loan) | 0.5-1.5% | 0.5-1.75% |
| Loan Officer Availability | Digital chat only | Phone + in-person offices |
| Loan Type Variety(types) | 5 major types | 6+ including portfolio |
| Mobile App Rating(quality level) | 4.7/5 | 4.4/5 |
| Minimum Credit Score(score) | 620 (Conventional) | 620 (Conventional) |
| Physical Locations(stores) | 0 branches (online only) | 200+ nationwide |
Rocket MortgageVisual Comparison
Side-by-side comparison of numeric attributes
Pros & Cons
Rocket Mortgage
Pros
- Fastest closing times in industry (7-10 days average)
- Superior mobile app experience with real-time rate updates
- Lowest average APR rates for qualified borrowers
- Transparent, upfront pricing with no hidden fees
- 24/7 digital chat support and loan tracking
Cons
- Limited personal interaction and loan officer relationships
- Less flexible for non-traditional credit scenarios
Quicken Loans
Pros
- Full-service customer support via phone, online, and 200+ branch offices
- Broader loan product portfolio including portfolio loans
- More flexible underwriting for complex financial situations
- Established brand with 30+ years industry experience
- Local loan officers available for personalized guidance
Cons
- Slightly longer average closing times (10-14 days)
- Higher origination fees compared to Rocket Mortgage
Frequently Asked Questions
Both are subsidiaries of Rocket Companies, Inc., but they operate as separate brands. Rocket Mortgage focuses on digital-first lending, while Quicken Loans maintains a hybrid model with traditional services. They remain distinct entities with different platforms and customer experiences.
Resources & Learn More
Dive deeper with these curated resources
Where to Buy
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