Advertiser disclosure

Rocket Mortgage Home Equity Loan Review 2026

Item: Rocket Mortgage, LLC
Rating: 5

Last updated on May 8, 2026

Written by

Taylor Getler

Lead Writer & Content Strategist

Edited by

Holden Lewis

Senior Writer/Spokesperson

Fact Checked

Co-written by

Bella Angelos

Contributing Writer

Written by

Taylor Getler

Lead Writer & Content Strategist

Co-written by

Bella Angelos

Contributing Writer

Edited by

Holden Lewis

Senior Writer/Spokesperson

Fact Checked

Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.

Why trust NerdWallet

50+ mortgage lenders reviewed and rated by our team of experts.
40+ years of combined experience covering mortgages and financial topics.
Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
Governed by NerdWallet's strict guidelines for editorial integrity.

NerdWallet's mortgage content, including articles, reviews and recommendations, is produced by a team of writers and editors who specialize in home lending. Their work has appeared in The Associated Press, USA Today, The Washington Post, MarketWatch, Newsweek and many other national, regional and local publications. They have been cited in publications including The Wall Street Journal, and appeared on NerdWallet's "Smart Money" podcast as well as local TV and radio.

Our Take

5.0

Home equity loans

NerdWallet rating

The Nerdy headline:

Rocket Mortgage home equity loan borrowers can take advantage of a high 90% combined loan-to-value (CLTV) borrowing limit, but they’ll have to get an appraisal and pay closing costs.

Jump to:Full Review

Rocket Mortgage, LLC: NMLS#3030

Great for: Variety of home types

Min. credit score

680

Max LTV

90%

Loan types and products

Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA, Home Equity

at Rocket Mortgage, LLC

Pros

High borrowing limit.
Available for second homes.
Wide range of customer support options.

Cons

Doesn’t post sample home equity loan rates online.
Borrowers must pay closing costs.
Appraisal may be required.

Compare great home equity lenders

Lender	Max. loan amount	Max LTV	Min. credit score
4.5 Visit Lenderat Figure at Figure	$750,000	85%	600	Visit Lenderat Figure at Figure
4.5 Visit Lenderat Achieve at Achieve	$500,000	85%	600	Visit Lenderat Achieve at Achieve
4.5 Visit Lenderat New American Funding at New American Funding	$750,000	90%	600	Visit Lenderat New American Funding at New American Funding
4.0 Visit Lenderat NBKC at NBKC	$250,000	85%	720	Visit Lenderat NBKC at NBKC
4.0 Visit Lenderat Better at Better	$750,000	90%	620	Visit Lenderat Better at Better

Full Review

💲Rocket Mortgage home equity loan rates

Home equity loan rates tend to move with the federal funds rate, which is set by the Federal Reserve. In addition to market factors, your home equity loan rate offers will be determined by your financial profile, including your credit score and income.

Rocket Mortgage does not post sample home equity loan rates online.

👍 Reasons to get a Rocket Mortgage home equity loan

Rocket Mortgage offers a high borrowing limit of 90% CLTV, allowing homeowners to access a larger portion of their equity. Additionally, home equity loans are available for second homes, giving borrowers more flexibility to access funds beyond their primary residence.

Aside from being an online-only lender, Rocket Mortgage offers a wide range of customer service options to support borrowers.

» MORE: Best home equity loan lenders

🤔 Reasons why a Rocket Mortgage home equity loan gives us pause

Home equity loan borrowers may have to get an appraisal. They also have to pay closing costs, increasing the overall expense of taking out the loan.

Rocket Mortgage does not list its home equity loan rates online, which makes it harder to compare options upfront.

How to Apply	Availability
Online 🧑‍💻	✅
Over the phone 📞	✅
Mobile app 📶	✅
In person 🏦	🚫

You can contact customer service over the phone or via live chat online.

» MORE: What you need to apply for a mortgage

🛒 Alternatives to a Rocket Mortgage home equity loan

Wondering if another lender or product might be a better fit? It’s worth it to shop around to learn more about your options.

If you like Rocket’s high borrowing limit, Amerisave also has a max CLTV of 90%. If you gravitate towards Rocket because it’s a large, well-known mortgage lender, Better Mortgage is a five-star lender that fits the bill.

If you’re turned off by closing costs, you won’t have to pay these with a U.S. Bank home equity loan.

» MORE: Check out NerdWallet’s review of Rocket Mortgage

A home equity loan isn’t your only option

You can also explore products outside of home equity loans. Alternatives to home equity loans include a HELOC, which you can draw from as needed, or a cash-out refinance, which replaces your existing mortgage with a larger loan.

Among these options, Rocket Mortgage offers cash-out refinancing.

» MORE: HELOC, home equity loan, and cash-out refinance, compared

Borrow from your home’s equity

at Rocket Mortgage, LLC

Find the best lender

Best mortgage lenders Best lenders for first-timers Find the best mortgage rate How much house can I afford?

Methodology

NerdWallet’s home equity loan star ratings are independently researched and developed by the editorial team based on the following factors: maximum combined loan-to-value ratio, closing costs, whether an appraisal is required, the number of repayment term options, length of the longest available term, rate transparency, average time to close, availability for second homes, number of ways to apply and number of customer service touchpoints. A recent regulatory action against a lender may affect its home equity loan star rating.

About the authors

Taylor Getler

Lead Writer & Content Strategist

Taylor Getler is a home and mortgages writer for NerdWallet. Her work has been featured in outlets such as MarketWatch, Yahoo Finance, MSN and Nasdaq. Taylor is enthusiastic about financial literacy and helping consumers make smart, informed choices with their money. Email: tgetler@nerdwallet.com.

Published in:

See full bio

Bella Angelos

Contributing Writer

Bella Angelos is a contributing writer on the home loans content team at NerdWallet, where she began working in 2023 and has supported multiple teams across a wide range of personal finance topics. She loves the variety of her work and how every day brings not only something new to share, but even more to learn. Growing up in Seattle and earning her journalism degree at Louisiana State University, Bella is Pacific Northwest rooted and Southern grown. She’s happiest whether she’s on an Evergreen State trail or back in the Bayou with a bucket of crawfish. She approaches her work with the same value of balancing multiple perspectives and is passionate about making financial topics approachable for anyone.

See full bio

About the editor

Holden Lewis

Senior Writer/Spokesperson

Holden Lewis is a former NerdWallet spokesperson and reporter covering mortgages and real estate. He previously worked for Bankrate, where he covered the housing boom and bust. Holden is past president of the National Association of Real Estate Editors and won numerous writing awards.

Published in:

See full bio