Updated 6 months ago on . Most recent reply
Rocket Mortgage is not ready for STR
Was excited when my broker brought Rocket in for my DSCR loan as their rates were 25 bps better than anyone else. And then I learned 9 days before my closing that they don't know how to underwrite for STR.
While they claim to do DSCR loans for STR, and they accepted an app for STR, they only underwrite for LTR.
The Rocket underwriter didn’t even know what AirDNA was.
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Andrew Steffens
#2 Short-Term & Vacation Rental Discussions Contributor
Agent
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#2 Short-Term & Vacation Rental Discussions Contributor
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Andrew Steffens
#2 Short-Term & Vacation Rental Discussions Contributor
Agent
Pro Member
#2 Short-Term & Vacation Rental Discussions Contributor
- Tampa, FL
Good to know - Ill make sure to steer my clients clear of them, at least until they get it together.
- Andrew Steffens
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