Rocket Mortgage Unveils RocketRentRewards: Transforming Rent Payments Into Homeownership

Core Insights - Rocket Mortgage has launched RocketRentRewards, the first program in the mortgage industry to offer up to $5,000 in closing cost credits for renters [1][3] - The program allows homebuyers to earn 10$2,160 applied toward closing costs based on the national average rent of $1,800 [2][3] - The initiative aims to support aspiring homeowners, particularly in underserved communities, by converting rental payments into financial savings [3] Company Overview - Rocket Mortgage is the largest mortgage lender in the U.S. and part of Rocket Companies (NYSE: RKT), having closed over$1.8 trillion in mortgage volume since its founding in 1985 [7] - The company has been recognized for client satisfaction, ranking 1 in both primary mortgage origination and servicing by J.D. Power 22 times [8] - Rocket Mortgage emphasizes a digital-driven client experience, having introduced the first fully digital mortgage process in late 2015 [7] Program Details - RocketRentRewards allows verification of rent payments through documentation, with credits directly applied to closing costs once validated [4] - The program is part of Rocket's Own the Dream campaign, which aims to unite Americans in the pursuit of homeownership [5] - The launch of Rocket.com provides an all-in-one platform for consumers to search, purchase, and manage home financing, including personalized options like RocketRentRewards [5]