DETROIT and SEATTLE (PRNewswire) — Rocket Companies (NYSE: RKT), the Detroit-based homeownership platform, today announced it has completed its acquisition of Redfin – bringing the most-visited real estate brokerage website together with America’s largest mortgage lender.
“I’ve used Redfin every day for the last 20 years. It helped me find and fall in love with my first home, completely changing how I thought about real estate,” said Varun Krishna, Rocket Companies CEO. “The Redfin team is best-in-class in building a product experience focused on simplicity. It was a perfect fit for Rocket’s vision of what the homeownership experience should be.”
The companies also today introduced Rocket Preferred Pricing. Clients who finance their home through Rocket Mortgage and buy a home listed by a Redfin agent or purchase with the help of a Redfin agent will have a one percentage point reduction in their interest rate for the first year of their loan or receive a lender credit at closing, up to $6,0001.
Rocket Preferred Pricing is available to qualified clients buying a home with conventional, FHA or VA loans. Rocket Mortgage and Redfin plan to launch additional products and services for homebuyers, real estate agents and mortgage brokers in the coming months.
Redfin has adopted a refreshed brand identity and look and feel of “Redfin Powered by Rocket” to further unify the homebuying experience.
“The gulf between the American Dream of homeownership and reality has never been wider,” said Redfin CEO Glenn Kelman. “The reason Rocket and Redfin came together was to bridge that gap, so that the people who spend their days dreaming on Redfin.com can easily use Rocket financing to own their dream.”
