Compare Loan Depot vs. Rocket Mortgage Mortgage Rates

What’s the difference between loanDepot Mortgage and Rocket Mortgage? See how our editors compare the two companies below.
Last Updated: April 27, 2018
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loanDepot Mortgage
8.6 / 10 - Excellent
no_rank
Rocket Mortgage
9.1 / 10 - Excellent
#4 in Mortgage Rates
vs

Key Facts

  • Quick and easy online quotes
  • “No steering” policy for mortgage financing
  • Licensed mortgage bankers ready to assist
  • BBB-accredited with an A+ rating
  • Lifetime guarantee on loan refinance fees
  • A streamlined loan application that can be completed entirely online
  • Get pre-approved and lock your rate in as little as eight minutes
  • Receive custom mortgage solutions based on your credit and finances
  • Automatically share information about your income and assets
  • Customize loan terms and costs to fit your budget

OVERALL RATINGS

 Loan DepotRocket Mortgage
Loan Specifics8/1010/10
Customer Experience9/109/10
Qualification Requirements9/109/10
Lender Reputation9/108/10

Customer Experience Compared

Types of Mortgage Loans Offered

Loan Depot
vs
Rocket Mortgage
  • Fixed Rate 10 Year
  • Fixed Rate 15 Year
  • Fixed Rate 20 Year
  • Fixed Rate 30 Year
  • 3/1 ARM
  • 5/1 ARM
  • 7/1 ARM
  • 10/1 ARM
  • Jumbo Fixed Rate
  • Jumbo Adjustable Rate
  • VA Fixed Rate
  • VA Adjustable Rate
  • FHA Fixed Rate
  • FHA Adjustable Rate
  • Fixed Rate 15 Year
  • Fixed Rate 30 Year
  • 5/1 ARM
  • 7/1 ARM
  • 10/1 ARM
  • Jumbo Fixed Rate
  • VA Fixed Rate
  • VA Adjustable Rate
  • FHA Fixed Rate
  • FHA Adjustable Rate
  • USDA Loan
  • Marketplace

Minimum Loan Amount


Customer Experience Compared

Online Features

 Loan DepotRocket Mortgage
Online Application
Yes
Yes
Online Quote
Yes
No
Additional Tools and Resources
Mortgage Calculator
Affordability Calculator
Help Articles
Document Checklist
Check Today's Rates
Mortgage Calculator
Affordability Calculator
Loan-to-debt Ratio Calculator
Help Articles
SSN Required for Quote
No
Yes

Loan Closing Time

Decision and Closing Times


Qualification Requirements Compared

Additional Qualification Requirements


Lender Reputation Compared

Key Facts

 Loan DepotRocket Mortgage
Lender Type
Direct Lender
Marketplace
Year Founded
2010
2015
BBB Rating
A
A+
BBB Positive Reviews
565
2,244
BBB Negative Reviews
217
272
TrustPilot Rating
9.5 out of 10
Collection Date
2018-02-05
2018-02-02

Complaints & Regulatory Actions

 Loan DepotRocket Mortgage
Nationwide Mortgage Licensing System ID
174457
3030
The Nationwide Mortgage Regulatory Actions
2
1
Consumer Financial Protection Bureau Complaints
57
1,543


Company Profile

Full Name
loanDepot Mortgage
Rocket Mortgage
Company Website
Headquarters
26642 Towne Center Drive, Foothill Ranch, CA, 92610
1050 Woodward Avenue, Detroit, MI, 48226

Final Verdict

Rocket Mortgage has a higher overall rating than loanDepot Mortgage. Rocket Mortgage scores better than Loan Depot across: Loan Specifics. However, Loan Depot scores better on Lender Reputation. Both companies score similarly on Customer Experience, and Qualification Requirements.