“In the past year, there was roughly $12 billion in sales of manufactured homes,” said Rocket Mortgage CEO Bob Walters. “Many of these clients have a great income and credit scores and are very creditworthy. We are looking forward to helping them achieve homeownership.”
The company introduced the new manufactured home financing option following the launch of its customer loyalty program, Rocket Rewards. Last month, the lender debuted its Inflation Buster program, which lowers a homebuyer’s mortgage rate by 1% on most loans for the first year. Prior to that, Rocket Mortgage also launched a new home equity loan and Rate Drop Advantage, a program that waives refinance costs if a client buys a home now and refinances within three years.
“After revolutionizing the home loan experience for traditional site-built homes, we are proud to bring the technology and expert guidance Rocket is known for to those who are purchasing manufactured homes,” Walters said. “It’s our hope that, through this new option, more Americans can realize their dream of homeownership.”