Buying Commercial Property For Beginners | Rocket Mortgage
How To Get Into Commercial Real Estate · 1. Define Your Motivation · 2. Secure Financing From A Lender · 3. Hire A Team Of Trusted Professionals.
loan-to-value (LTV) ratio
Consider the <anchor>loan-to-value (LTV) ratio</anchor>, or how much the lender is willing to loan you, and whether they ask for collateral. It’s important to note that a recourse loan lets the lender go after additional personal assets if you default. Whereas a nonrecourse loan only gives them the option to seize agreement-specific collateral.
Loan-To-Value Ratio (LTV): Defined | Rocket Mortgage
Loan-To-Value Ratio (LTV): Defined \| Rocket Mortgage

Toggle Global Navigation ![Rocket Logo](https://www.rocketmortgage.com/-/media/project/rocketcompanies/rocketmortgage/rocket-mobile.svg?h=12&iar=0&w=68&rev=da9e9b86311445db9006bca9dcb56a6e&hash=98F701BCD9250D44223A4C8B4423C99F)

![Rocket Logo](https://www.rocketmortgage.com/-/media/project/rocketcompanies/rocketmortgage/rocket-o.svg?h=26&iar=0&w=28&rev=a63310e957ed4100bd265ec1a40b6cfe&hash=7AF1E00FB7018E886D3EDF85BDBCF4C8)

[Mortgage](https://www.rocketmortgage.com)

[Credit Card](https://www.rocketcard.com/?wpsrc=rocket&wpcid=globalnav&wpscid=mortgage&wpcrid=header&utm_campaign=globalnav&utm_medium=mortgage&utm_source=rocket&utm_content=header)

[Personal Finance](https://www.rocketmoney.com/)

[Personal Loan](https://www.rocketloans.com/?p=RMLD_GlobalNav&c=FOCP_RockMortgageGN&utm_source=RocketMortgage&utm_medium=GlobalNav&utm_campaign=RockMortgageGN)

[Real Estate](https://www.rockethomes.com/?utm_source=rocketmortgage&utm_medium=webpage&utm_campaign=rh-rhdc&utm_content=rh-global-nav-rocketmortgage)

Toggle Navigation

[![Rocket Mortgage](https://qulo-p-001-delivery.sitecorecontenthub.cloud/api/public/content/RocketMortgageMastheadLogoNoDesc?v=0689bc80)![Rocket Mortgage](https://qulo-p-001-delivery.sitecorecontenthub.cloud/api/public/content/RocketMortgageMastheadLogo?v=bc09be85)](/)

[Sign Out](/sign-out?t=1694060984 "Google")

View All Loans

[View All Loans](https://dashboard.rocketmortgage.com/loans?noredirect)

- [(888) 452-8179](tel:888-452-8179 "Phone")
- Chat Now

- [Change Username](https://www.rocketaccount.com/#/change-username)
- [Change Password](https://www.rocketaccount.com/#/change-password)

[Sign Out](/sign-out?t=1694060984 "Google")

- [Buy A Home](/purchase/get-started "Buy A Home")
- [Refinance](/refinance/get-started "Refinance")
- [Mortgage Rates](/mortgage-rates "Mortgage Rates")
  - [Purchase Rates](/mortgage-rates)
  - [Refinance Rates](/refinance-rates)
- [Loan Options](/home-loans "Loan Options")
  - [All Home Loans](/home-loans "All Home Loans")
  - [30-Year Fixed](/home-loans/30-year-mortgage "30-Year Fixed")
  - [15-Year Fixed](/home-loans/15-year-mortgage "15-Year Fixed")
  - [Adjustable-Rate Mortgage](/home-loans/adjustable-rate-mortgage "Adjustable-Rate Mortgage")
  - [BorrowSmart AccessSM](/home-loans/borrowsmart-access "BorrowSmart Access")
  - [FHA Loan](/home-loans/fha-loan "FHA Loan")
  - [HomeReady® & Home Possible®](/home-loans/homeready-and-home-possible "HomeReady® & Home Possible®")
  - [Home Equity Loan](/home-loans/home-equity-loan "Home Equity Loan")
  - [Jumbo Smart](/home-loans/jumbo-loan "Jumbo Smart")
  - [ONE+ By Rocket Mortgage®](/home-loans/one-plus "ONE+ By Rocket Mortgage®")
  - [Purchase Plus](/home-loans/purchase-plus "Purchase Plus")
  - [VA Loan](/home-loans/va-loan "VA Loan")
- [Calculators](/calculators)
  - [All Calculators](/calculators "All Calculators")
  - [Amortization Calculator](/calculators/amortization-calculator "Amortization Calculator")
  - [Down Payment Calculator](/calculators/down-payment-calculator "Down Payment Calculator")
  - [Home Equity Calculator](/calculators/home-equity-calculator "Home Equity Calculator")
  - [Home Affordability Calculator](/calculators/home-affordability-calculator "Home Affordability Calculator")
  - [Mortgage Calculator](/calculators/mortgage-calculator "Mortgage Calculator")
  - [Refinance Calculator](/calculators/refinance-calculator "Refinance Calculator")
  - [Mortgage Payoff Calculator](/calculators/mortgage-payoff-calculator "Mortgage Payoff Calculator")
  - [Rent Vs. Buy Calculator](/calculators/rent-vs-buy "Rent Vs. Buy Calculator")
- [Learning Center](/learn "Learning Center")

View All Loans

[View All Loans](https://dashboard.rocketmortgage.com/loans?noredirect)

[Buy A Home](/purchase/get-started "Buy A Home")

[Refinance](/refinance/get-started "Refinance")

Mortgage Rates

[Purchase Rates](/mortgage-rates) [Refinance Rates](/refinance-rates)

Calculators

[All Calculators](/calculators "All Calculators") [Amortization Calculator](/calculators/amortization-calculator "Amortization Calculator") [Down Payment Calculator](/calculators/down-payment-calculator "Down Payment Calculator") [Home Equity Calculator](/calculators/home-equity-calculator "Home Equity Calculator") [Home Affordability Calculator](/calculators/home-affordability-calculator "Home Affordability Calculator") [Mortgage Calculator](/calculators/mortgage-calculator "Mortgage Calculator") [Refinance Calculator](/calculators/refinance-calculator "Refinance Calculator") [Mortgage Payoff Calculator](/calculators/mortgage-payoff-calculator "Mortgage Payoff Calculator") [Rent Vs. Buy Calculator](/calculators/rent-vs-buy "Rent Vs. Buy Calculator")

[Learning Center](/learn "Learning Center")

[(888) 452-8179](tel:888-452-8179 "Phone")

Chat Now

 My Account

[Change Username](https://www.rocketaccount.com/#/change-username) [Change Password](https://www.rocketaccount.com/#/change-password)

Toggle Navigation

[![Rocket Mortgage](https://qulo-p-001-delivery.sitecorecontenthub.cloud/api/public/content/RocketMortgageMastheadLogoNoDesc?v=0689bc80)![Rocket Mortgage](https://qulo-p-001-delivery.sitecorecontenthub.cloud/api/public/content/RocketMortgageMastheadLogo?v=bc09be85)](/)

[Sign In](/pre-sign)

- [Español](/es "Español")

- [(888) 452-8179](tel:888-452-8179 "Phone")
- Chat Now

[Sign In](/pre-sign)[Apply Now](https://launchpad.rocketmortgage.com/rma "Apply Now")

- [Buy A Home](/purchase/get-started "Buy A Home")
- [Refinance](/refinance/get-started "Refinance")
- [Mortgage Rates](/mortgage-rates "Mortgage Rates")
  - [Purchase Rates](/mortgage-rates)
  - [Refinance Rates](/refinance-rates)
- [Loan Options](/home-loans "Loan Options")
  - [All Home Loans](/home-loans "All Home Loans")
  - [30-Year Fixed](/home-loans/30-year-mortgage "30-Year Fixed")
  - [15-Year Fixed](/home-loans/15-year-mortgage "15-Year Fixed")
  - [Adjustable-Rate Mortgage](/home-loans/adjustable-rate-mortgage "Adjustable-Rate Mortgage")
  - [BorrowSmart AccessSM](/home-loans/borrowsmart-access "BorrowSmart Access")
  - [FHA Loan](/home-loans/fha-loan "FHA Loan")
  - [HomeReady® & Home Possible®](/home-loans/homeready-and-home-possible "HomeReady® & Home Possible®")
  - [Home Equity Loan](/home-loans/home-equity-loan "Home Equity Loan")
  - [Jumbo Smart](/home-loans/jumbo-loan "Jumbo Smart")
  - [ONE+ By Rocket Mortgage®](/home-loans/one-plus "ONE+ By Rocket Mortgage®")
  - [Purchase Plus](/home-loans/purchase-plus "Purchase Plus")
  - [VA Loan](/home-loans/va-loan "VA Loan")
- [Calculators](/calculators)
  - [All Calculators](/calculators "All Calculators")
  - [Amortization Calculator](/calculators/amortization-calculator "Amortization Calculator")
  - [Down Payment Calculator](/calculators/down-payment-calculator "Down Payment Calculator")
  - [Home Equity Calculator](/calculators/home-equity-calculator "Home Equity Calculator")
  - [Home Affordability Calculator](/calculators/home-affordability-calculator "Home Affordability Calculator")
  - [Mortgage Calculator](/calculators/mortgage-calculator "Mortgage Calculator")
  - [Refinance Calculator](/calculators/refinance-calculator "Refinance Calculator")
  - [Mortgage Payoff Calculator](/calculators/mortgage-payoff-calculator "Mortgage Payoff Calculator")
  - [Rent Vs. Buy Calculator](/calculators/rent-vs-buy "Rent Vs. Buy Calculator")
- [Learning Center](/learn "Learning Center")

[Apply Now](https://launchpad.rocketmortgage.com/rma "Apply Now")

[Buy A Home](/purchase/get-started "Buy A Home")

[Refinance](/refinance/get-started "Refinance")

Mortgage Rates

[Purchase Rates](/mortgage-rates) [Refinance Rates](/refinance-rates)

Loan Options

[All Home Loans](/home-loans "All Home Loans") [30-Year Fixed](/home-loans/30-year-mortgage "30-Year Fixed") [15-Year Fixed](/home-loans/15-year-mortgage "15-Year Fixed") [Adjustable-Rate Mortgage](/home-loans/adjustable-rate-mortgage "Adjustable-Rate Mortgage") [BorrowSmart AccessSM](/home-loans/borrowsmart-access "BorrowSmart Access") [FHA Loan](/home-loans/fha-loan "FHA Loan") [HomeReady® & Home Possible®](/home-loans/homeready-and-home-possible "HomeReady® & Home Possible®") [Home Equity Loan](/home-loans/home-equity-loan "Home Equity Loan") [Jumbo Smart](/home-loans/jumbo-loan "Jumbo Smart") [ONE+ By Rocket Mortgage®](/home-loans/one-plus "ONE+ By Rocket Mortgage®") [Purchase Plus](/home-loans/purchase-plus "Purchase Plus") [VA Loan](/home-loans/va-loan "VA Loan")

Calculators

[All Calculators](/calculators "All Calculators") [Amortization Calculator](/calculators/amortization-calculator "Amortization Calculator") [Down Payment Calculator](/calculators/down-payment-calculator "Down Payment Calculator") [Home Equity Calculator](/calculators/home-equity-calculator "Home Equity Calculator") [Home Affordability Calculator](/calculators/home-affordability-calculator "Home Affordability Calculator") [Mortgage Calculator](/calculators/mortgage-calculator "Mortgage Calculator") [Refinance Calculator](/calculators/refinance-calculator "Refinance Calculator") [Mortgage Payoff Calculator](/calculators/mortgage-payoff-calculator "Mortgage Payoff Calculator") [Rent Vs. Buy Calculator](/calculators/rent-vs-buy "Rent Vs. Buy Calculator")

[Learning Center](/learn "Learning Center")

[Español](/es "Español")

[(888) 452-8179](tel:888-452-8179 "Phone")

Chat Now

For a better Rocket Mortgage® experience, switch browsers to [Microsoft Edge](https://www.microsoft.com/en-us/edge?fbclid=IwAR2iCTHSV9MNRrp0_Li2NSxhfdOOTm6o4tRwe532iL7oZLU5kVUDVNwMrpU), [Google Chrome](https://www.google.com/chrome/) or [Mozilla Firefox](https://www.mozilla.org/en-US/firefox/new/?redirect_source=getfirefox-com).

Search

1. [Home](/)
2. /
3. [Learn](/learn)
4. /
5. [Mortgage Basics](/learn/mortgage-basics)
6. /
7. [Mortgage Terminology](/learn/mortgage-terminology)
8. /
9. What Is Loan-To-Value Ratio (LTV) And How Is It Calculated?

![A man and women unboxing cardboard boxes after moving into the new residence.](https://prod.rockmedialibrary.com/api/public/content/3631ec97c8ee46c282c1af365c23ddf2?v=2d795df3)

# What Is Loan-To-Value Ratio (LTV) And How Is It Calculated?

Feb 27, 2024

4-MINUTE READ

AUTHOR:

[MIRANDA CRACE](https://www.rocketmortgage.com/learn/authors/author?xid=x82647)

Share:

[Social share: facebook-](https://www.facebook.com/sharer.php?t=What Is Loan-To-Value Ratio (LTV) And How Is It Calculated?&u=https://www.rocketmortgage.com/learn/loan-to-value-ratio) [Social share: twitterx-](https://twitter.com/intent/tweet?text=What Is Loan-To-Value Ratio (LTV) And How Is It Calculated?&url=https://www.rocketmortgage.com/learn/loan-to-value-ratio) [Social share: linkedin-](https://www.linkedin.com/sharing/share-offsite/?url=https://www.rocketmortgage.com/learn/loan-to-value-ratio) [Social share: pinterest-](https://www.pinterest.com/pin/create/button/?url=https://www.rocketmortgage.com/learn/loan-to-value-ratio&media=https://prod.rockmedialibrary.com/api/public/content/3631ec97c8ee46c282c1af365c23ddf2?v=2d795df3&description=What Is Loan-To-Value Ratio (LTV) And How Is It Calculated?)

_\*As of July 6, 2020, Rocket Mortgage® is no longer accepting USDA loan applications._

The loan-to-value ratio (LTV) is a percentage that measures the loan amount you need to borrow against the appraised value of the home you want to buy. For a refinance, your LTV is the sum of the outstanding balances for all liens against the appraised value of the property. Lenders frequently use the LTV ratio to assess any risks of lending money. Your loan-to-value ratio is one of several factors lenders use to determine [mortgage rates](https://www.rocketmortgage.com/learn/what-is-a-mortgage-rate), including the prime rate, property type, the borrower’s credit score and other loan criteria.

Let’s look at how to calculate your LTV and measure its potential impact on your mortgage or refinance application.

## How To Calculate Your Loan-To-Value Ratio

To calculate your LTV ratio when buying a home, divide your total loan amount by the property’s appraised value. To calculate your LTV ratio when refinancing, divide the new loan amount by the market value of the house. In both cases, you’ll convert the result into a percentage.

LTV ratio = Loan amount / Appraised value ✕ 100

For example, imagine a lender offers you a $150,000 loan for a home appraised at $200,000. Divide $150,000 by $200,000 and multiply the result by 100 to get your LTV ratio of 75%.

## See What You Qualify For

![A home with a For Sale sign in the front yard.](https://prod.rockmedialibrary.com/api/public/content/launchpad_RDSPictogramBuyANewHome?v=53cf7829)
**Purchase A Home**
![Arrows rotating clockwise, with a percent symbol in the center.](https://prod.rockmedialibrary.com/api/public/content/launchpad_RDSPictogramRefinanceAHome?v=ea73e6ba)
**Refinance A Home**
![Yearly Income](https://prod.rockmedialibrary.com/api/public/content/Income?v=b47a2261)
**Cash-Out Refinance**
![Spending Graph Pictogram](https://prod.rockmedialibrary.com/api/public/content/206ff701c35e4637ba6f6a862b5aae32?v=2b775594)
**Explore My Options**

[Get Started](https://launchpad.rocketmortgage.com/?utm_medium=seo&utm_source=learningcenter&utm_campaign=LCmortgage&utm_content=mc_noSelection&utm_audience=organic&utm_cta=OGTileCTA&qlsource=GetStarted)

## What Is LTV In Real Estate?

Lenders commonly use the loan-to-value ratio in real estate transactions to determine a borrower’s [eligibility for a loan](https://www.rocketmortgage.com/learn/mortgage-qualification).

Your LTV compares the size of the loan you’re applying for to a home's value. Lenders use LTV to determine how much risk they’re potentially taking on when they lend money and to figure out which loans borrowers qualify for based on the size of their down payment when purchasing a home or the amount of equity they have in the home when refinancing.

To put it simply: The lower your LTV, the less risky a lender will consider the [mortgage](https://www.rocketmortgage.com/learn/what-is-a-mortgage). A low LTV can improve your odds of qualifying for a competitive mortgage or favorable refinance terms.

LTV requirements differ by lender and can impact interest rates, the size of your [down payment](https://www.rocketmortgage.com/learn/what-is-a-down-payment) and the possibility of paying mortgage insurance.

## Take the first step toward the right mortgage.

Apply online for expert recommendations with real interest rates and payments.

[I Want To Buy A Home](https://launchpad.rocketmortgage.com/?loanpurpose=purchase&qlsource=RMRefiPurch&utm_source=learningcenter&utm_campaign=LCmortgage&utm_content=lc_boxcta&utm_audience=organic&utm_cta=purchase_button&rvid=59224b7b-5316-415f-8e47-fdd6b50c1e8c&rvidDomain=rocketmortgage.com&qls=QMM_12345678.0123456789)[I’d Like To Refinance](https://launchpad.rocketmortgage.com/?loanpurpose=refinance&qlsource=RMRefiPurch&utm_source=learningcenter&utm_campaign=LCmortgage&utm_content=lc_boxcta&utm_audience=organic&utm_cta=purchase_button&rvid=59224b7b-5316-415f-8e47-fdd6b50c1e8c&rvidDomain=rocketmortgage.com&qls=QMM_12345678.0123456789)

## What Is A Good LTV Ratio For A Conventional Mortgage?

A good LTV ratio to aim for with most mortgage loans is around 80% or lower. An LTV in this range can help you secure a loan and boost your chances of avoiding [mortgage insurance](https://www.rocketmortgage.com/learn/understanding-the-different-types-of-mortgage-insurance), saving you thousands on your mortgage.

While you can avoid mortgage insurance with a 20% down payment, you can qualify for a conventional loan with 3% down. [Conventional loans](https://www.rocketmortgage.com/learn/conventional-mortgage) aren’t government-backed. They meet the conforming loan limits of Fannie Mae and Freddie Mac. Conventional loans typically have stricter requirements than government-backed loans, including higher credit scores.

If your LTV is higher than 80%, you’ll likely pay [private mortgage insurance (PMI)](https://www.rocketmortgage.com/learn/what-is-pmi). Mortgage insurance protects lenders when a borrower [defaults on a loan](https://www.rocketmortgage.com/learn/mortgage-default).

## Loan-To-Value Ratio Rules By Loan Type

Acceptable LTV ratios can differ based on the [type of](https://www.rocketmortgage.com/learn/types-of-mortgages) [mortgage](https://www.rocketmortgage.com/learn/types-of-mortgages) you’re applying for. Let’s take a look at government-backed loans.

### LTV Ratio For FHA Loans

[FHA loans](https://www.rocketmortgage.com/learn/fha-loans), backed by the Federal Housing Administration, typically have less stringent borrower requirements to accommodate credit and savings issues for low- to moderate-income home buyers. FHA loan borrowers usually have a higher LTV ratio and pay the loan’s [mortgage insurance premium (MIP)](https://www.rocketmortgage.com/learn/fha-mortgage-insurance-premium) for the life of the loan or 11 years if they put 10% or more down.

### LTV Ratio For VA And USDA Loans

[Department of Veterans Affairs (VA)](https://www.rocketmortgage.com/learn/va-loans) and [U.S. Department of Agriculture (USDA) loans](https://www.rocketmortgage.com/learn/usda-loans) allow a borrower's LTV ratio to reach and sometimes exceed 100%. While borrowers won’t pay private mortgage insurance for either loan, each loan has fees borrowers should be aware of before applying for these loans.

## How To Lower Your LTV

Looking to lower your LTV ratio? It may be easier than you’d imagine.

### Make A Large Down Payment

Saving up for a larger down payment is challenging for many home buyers, but making a large down payment is one of the fastest ways to lower your LTV ratio. The higher your down payment, the less money you’ll need to borrow, lowering your LTV. Use a [mortgage calculator](https://www.rocketmortgage.com/calculators/mortgage-calculator?qlsource=RMTextLink) to assess the impact of a larger down payment on your monthly mortgage payment.

### Look For A More Affordable Home

If you can’t afford a larger down payment, consider shopping around for a less expensive property. Purchasing a lower-priced home can help you decrease your LTV if you keep the down payment the same. Depending on the real estate market, you may want to consider submitting lower purchase offers.

## The Bottom Line

Loan-to-value ratio is an important calculation to know in real estate. It compares a property’s appraised value to the loan amount you need to borrow and helps lenders better assess the risk they’re potentially taking when lending money.

Generally, the lower your LTV, the better off you’ll be when borrowing money. A lower LTV can increase your odds of securing a favorable mortgage, and you’ll have more equity in your home.

Looking to find out more about getting a home loan today? [Apply online](https://www.rocketmortgage.com/alf/bam-orbit/loanType?qlsource=rmtextlink) now with Rocket Mortgage® or call us at (833) 326-6018.

## See what you’re eligible for.

Rocket Mortgage® uses information about your income, assets and credit to show you which mortgage options make sense for you.

[Buy A Home](https://purchase.rocketmortgage.com/timeframe-to-buy?qlsource=PurchEligible&utm_source=learningcenter&utm_campaign=LCmortgage&utm_content=lc_boxcta&utm_audience=organic&utm_cta=see_what_youre_eligible_for_purchase)[Refinance](https://refinance.rocketmortgage.com/welcome-guest?qlsource=RefiEligibility&utm_source=learningcenter&utm_campaign=LCmortgage&utm_content=lc_boxcta&utm_audience=organic&utm_cta=see_what_youre_eligible_for_refi)

[![Rocket Logo](https://prod.rockmedialibrary.com/api/public/content/d47de7aa84924e828499f87010a47b3c?v=4d59b339)](https://www.rocketmortgage.com/learn/authors/author?xid=x82647)

### [Miranda Crace](https://www.rocketmortgage.com/learn/authors/author?xid=x82647)

Miranda Crace is a Senior Section Editor for the Rocket Companies, bringing a wealth of knowledge about mortgages, personal finance, real estate, and personal loans for over 10 years. Miranda is dedicated to advancing financial literacy and empowering individuals to achieve their financial and homeownership goals. She graduated from Wayne State University where she studied PR Writing, Film Production, and Film Editing. Her creative talents shine through her contributions to the popular video series "Home Lore" and "The Red Desk," which were nominated for the prestigious Shorty Awards. In her spare time, Miranda enjoys traveling, actively engages in the entrepreneurial community, and savors a perfectly brewed cup of coffee.

## Related Resources

[![A family having a meal in their backyard.](https://prod.rockmedialibrary.com/api/public/content/5e78f625990745408be08958ed95a620?v=9d78923d)\
\
Mortgage Basics  \-  7-MINUTE READ \
\
Hanna Kielar  \- Sep 10, 2024\
\
**What Is A Conventional Loan?** \
\
Conventional loans are a traditional mortgage option. Learn what a conventional home loan is, how it works and common lender requirements in our guide.](/learn/conventional-mortgage) [![A handshake between two individuals, indicating a successful agreement or deal.](https://prod.rockmedialibrary.com/api/public/content/c7714cb3f386404a8eb240e228458ac5?v=53b5971d)\
\
Mortgage Basics  \-  6-MINUTE READ \
\
Kevin Graham  \- Sep 9, 2024\
\
**What Is Fannie Mae’s Community Seconds Program?** \
\
Need a little extra help covering your down payment or closing costs? A program like Fannie Mae's Community Seconds might be able to help.](/learn/community-seconds) [![Young family moving into a new home, carrying boxes and household items.](https://prod.rockmedialibrary.com/api/public/content/a074412f046a44aa9f8ade6d41810c8e?v=faf49bf1)\
\
Mortgage Basics  \-  9-MINUTE READ \
\
Rachel Burris  \- Aug 26, 2024\
\
**Buydown: A Way To Reduce Interest Rates** \
\
Buydowns are methods used by buyers and sellers to lower interest rates in the early years of a new mortgage. Find out if a buydown is right for you.](/learn/buydown-mortgage)

### Rocket Sister Companies

[![Rocket Mortgage](https://www.rocketmortgage.com/-/media/project/rocketcompanies/rocketmortgage/rocketmortgagelogo.svg?iar=0&rev=a05fb81509ea4225bc259a4d7c4da630&hash=030C8B95ED177AF36E7D0198502FC5A4)](https://www.rocketmortgage.com)

Buy a home, refinance or manage your mortgage online with America's largest mortgage lender\*.

[![Rocket Loans](https://www.rocketmortgage.com/-/media/project/rocketcompanies/rocketmortgage/rocketloanslogo.svg?iar=0&rev=18b0e6205b9f4afc9f0300704faff898&hash=2F9155F446D1482423E33AEEB0EE62E7)](https://www.rocketloans.com/?p=Rocket&c=footer)

Get a personal loan to consolidate debt, renovate your home and more.

[![Rocket Money logo in white text.](https://prod.rockmedialibrary.com/api/public/content/rocketmoneywhitelogo?v=f44e6b58)](https://www.rocketmoney.com)

Save more, spend less, see everything, and take back control of your financial life.

[![Rocket Homes](https://www.rocketmortgage.com/-/media/project/rocketcompanies/rocketmortgage/rockethomeslogo.svg?iar=0&rev=c6b2c33ade7c49119a1826ba4d0cbe55&hash=653A37F026DA7412E5D184A2F04CE77F)](https://www.rockethomes.com/)

Get a real estate agent handpicked for you and search the latest home listings.

### Rocket Mortgage

- [Buy A Home](/purchase/get-started)
- [Refinance](/refinance/get-started)
- [Rates](/mortgage-rates)
- [Loan Options](https://www.rocketmortgage.com/home-loans)
- [Make A Payment](https://servicing.rocketmortgage.com/payments)
- [Legal Info](/legal/disclosures-licenses)
- [FAQs](/faqs)

### About Us

- [Rocket Mortgage](/about)
- [Careers](https://www.myrocketcareer.com/)
- [Disclosures and Licenses](/legal/disclosures-licenses)
- [Terms Of Use](/legal/terms-of-use)
- [Email And Text Policy](/legal/email-policy)
- [Privacy Policy](https://rocketaccount.com/#/privacy-policy)
- [Notice at Collection](https://www.rocketaccount.com/#/privacy-policy#information-we-collect )
- [Social Impact](https://www.rocketcompanies.com/social-impact/)
- [Press Room](https://www.rocketcompanies.com/press-room/)

### Support

- [Talk To Us](/talk-to-us)
- [Share Your Screen](https://origination.rocketmortgage.com/screenshare)
- [Communication Opt-Out](/opt-out)
- [Site Accessibility](/site-accessibility)

### Connect With Us

- [facebook](https://www.facebook.com/RocketMortgage)
- [instagram](https://www.instagram.com/rocketmortgage)
- [twitter](https://twitter.com/RocketMortgage)
- [youtube](https://www.youtube.com/c/RocketMortgage)

- [![Apple Store](https://www.rocketmortgage.com/-/media/project/rocketcompanies/rocketmortgage/app-store.svg?iar=0&rev=18a8cc94c4af4246af57b0bc55da30f0&hash=58729D6E7827FC2AC1F4490FFF6CD1AC)](https://rocketmortgage.onelink.me/mWJH/AppStoresBadges)
- [![Google Play](https://www.rocketmortgage.com/-/media/project/rocketcompanies/rocketmortgage/google-play.svg?iar=0&rev=2b77f7dfaa6d4a928a839317c648c06a&hash=D489D673EFAF72EA3E564E752A1D31D1)](https://rocketmortgage.onelink.me/mWJH/AppStoresBadges)

![The glass, black and gold J.D. Power award is given to products or services ranked highest in J.D. Power Consumer Studies.](https://prod.rockmedialibrary.com/api/public/content/ee5046ca8a314aa984ec29cd679fb219?v=b42c0093)![Most Awarded Brand For Mortgage Servicing](https://prod.rockmedialibrary.com/api/public/content/JDPServicingText?v=15b4e6af)

J.D. Power Disclaimer

Rocket Mortgage has won more awards than any other brand in the J.D. Power U.S. Mortgage Servicer Satisfaction Studies between 2002 – 2024. Visit [JDPower.com/Awards](https://www.jdpower.com/business/awards) for more information.

\*Based on Rocket Mortgage data in comparison to public data records.

Rocket Mortgage, 1050 Woodward Ave., Detroit, MI 48226-1906

NMLS #3030. Go here for the Rocket Mortgage [NMLS consumer access page](http://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3030).

©2000-2024 Rocket Mortgage, LLC. All rights reserved. Lending services provided by Rocket Mortgage, LLC, a subsidiary of Rocket Companies, Inc. (NYSE: RKT).

Rocket Mortgage, LLC, Rocket Homes Real Estate LLC, and RockLoans Marketplace LLC (doing business as Rocket Loans®) are separate operating subsidiaries of Rocket Companies, Inc. (NYSE: RKT). Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation and applicable legal and regulatory requirements.

Apple and the Apple logo are trademarks of Apple Inc. registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Wear OS by Google and Google Play are trademarks of Google LLC.

[![Equal Housing Lender logo](https://prod.rockmedialibrary.com/api/public/content/c3b86b139d1948a2982b8b17c9ceca07?v=bcd260de)](https://www.rocketmortgage.com/legal/disclosures-licenses)