Pick the right tool, fast
← All comparisons
Mortgage Lenders · Tool Face-Off

Rocket Mortgage vs LoanDepot

Quick answer

Rocket Mortgage wins on tech and speed; LoanDepot wins on human touch and branch access. Both are top-tier national lenders, but your preference for digital-first vs. hybrid experience tips the scale.

Our pick
Rocket Mortgage
The gold standard of digital mortgage — fast, slick, and almost painfully easy.
4.4★
VS
LoanDepot
Digital backbone with a human spine — great tech plus real loan officers you can actually meet.
4★
Founded
2000 (as Quicken Loans)
2010
Physical Branches
0 (fully online)
200+ locations nationwide
Minimum Credit Score (Conventional)
620
620
Minimum Credit Score (FHA)
580
580
Down Payment (min, conventional)
3%
3%
VA Loans
Yes
Yes
USDA Loans
No
Yes
Avg. Closing Time
~21-30 days
~28-42 days
Rate Transparency Online
Live rates on website
Must submit info to see rates
Mortgage App Rating (iOS)
4.8/5
4.6/5
J.D. Power Satisfaction Rank (2023)
Top 3 nationally
Above average
Origination Fee
~0.5-1% of loan
~1-2% of loan

Rocket Mortgage

Loan Variety★★★★☆
Transparency★★★★½
Closing Speed★★★★½
Interest Rates★★★½☆
Customer Support★★★★☆
Online Experience★★★★★
Ease of Application★★★★★

LoanDepot

Loan Variety★★★★½
Transparency★★★½☆
Closing Speed★★★★☆
Interest Rates★★★½☆
Customer Support★★★★½
Online Experience★★★★☆
Ease of Application★★★★☆

Worth knowing

Rocket Mortgage once ran so many Super Bowl ads that mortgage Twitter briefly trended — because apparently nothing says 'game day' like a 30-year fixed rate.

If you want

You want the fastest, most digital experience possible

Rocket's app is best-in-class and closing times are consistently faster with no branch overhead slowing things down.

→ Pick Rocket Mortgage
If you want

You want to sit across from a real loan officer

LoanDepot's 200+ branches mean you can actually shake a hand — priceless if paperwork makes you nervous.

→ Pick LoanDepot
If you want

You need a USDA rural loan

Rocket doesn't offer USDA loans; LoanDepot does, full stop.

→ Pick LoanDepot
If you want

You want upfront rate transparency without giving up your info

Rocket shows live rates publicly on its site — no registration or personal details required to comparison shop.

→ Pick Rocket Mortgage
Better MortgageVSRocket Mortgage
Mortgage Lenders
Quicken LoansVSBetter Mortgage
Mortgage Lenders
Some links on this page are affiliate links. If you sign up through them, we may earn a commission at no extra cost to you.