Rocket Mortgage introduces its Rent Rewards program, offering current renters a significant credit of up to $5,000 toward their closing costs. This credit is based on 10% of the renter's total annual rent and is applicable only to those who are under a lease agreement. The credit is exclusively for primary residences, nontransferable, and aids renters in managing additional fees associated with securing a loan. This innovative program is designed to support renters transitioning to homeowners by lessening the financial burden of upfront costs.
Rocket Mortgage's Rent Rewards program provides current renters with a credit of up to $5,000 for closing costs, based on a portion of their annual rent.
The program credits 10% of a renter's total annual rent as a nontransferable benefit, focusing on closing costs for primary residences only.
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