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Home and House Deposit Bonds in Canada

Your instant Home Deposit

Unlock your home equity without the
stress of banks or deposit cheques!
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Keep your cash until closing!
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No credit checks, no liens
Digital Deposit issued in minutes
No expensive loans, no interest
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Deposit Rocket 5.0
Why Home Buyers Love Deposit Rocket
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Ryan Anderson
3 reviews
1 months ago

Sometimes, the true measure of a service provider is when things don't go perfectly, and the provider stands behind their client, providing the service of fixing the problem. It's innovative, and as a Realtor I found the process was fast and user friendly; for both myself and my client. I must say, that calls were returned promtly, having a direct line to a person to ask questions to also made a huge impression. To your continued success Naresh!

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Shenthil Balasubramanian
3 reviews
1 months ago

Deposit Rocket is really good site for Home Buyers. They help us in paying the initial deposit and I have to particularly mention about Naresh who helped me in an extraordinary situation. Thank you Naresh and I really appreciate your efforts.

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Joy Dodd
11 reviews
1 months ago

We didn't actually use deposit rocket, because we didn't realize we needed to have it completed before we put offers in....but Naresh and the team were very helpful in answering questions. I would recommend this service.

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Michael Hewitt
1 review
1 months ago

Deposit Rocket is an innovative solution to providing a deposit for purchase that is not readily available. As a mortgage agent, before Deposit Rocket if clients did not have access to liquid funds and needed to leverage their equity to do so quickly, we would need to arrange a short term private mortgage. Privates, were a great solution, but they are much more expensive and cannot fund the same day needed legal registration! Now that we have Deposit Rocket, I suggest them to all my clients needing funds for a deposit on their new purchase. Their application is simple, the process is quick and their team offers exceptional service. Our realtor partners love this too, because they know their clients have a secure deposit that can be available in time for offers. And in most cases they now have a larger deposit - for a more competitive offer.

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Joanna Kelly
1 review
1 months ago

Deposit Rocket was incredible! They worked with our amazing Broker to get things done quickly and without stress for us. They were able to work through a glitch that could have been a real issue and get us sorted out within 24 hours. When all was said an done we got a personal call from their Vice President thanking us for our business and letting us know he is available if we need him over the weekend. This is outstanding customer service and we would highly recommend them to anyone purchasing a home! Scott and Jo Kelly

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Kendra Lawrence
1 review
1 months ago

We had an amazing real estate agent Lana Golowin and we used Deposit Rocket for a deposit for our new house. It was quick and easy to complete. I would recommend it.

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Lana Golowin
1 review
1 months ago

I was introduced to Deposit Rocket in November and was able to share it with my clients to purchase their home. This method of accessing funds for a deposit is extremely efficient, easy & quick! I will definitely recommend to future clients!

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Lola Ajayi
11 reviews
3 months ago

This is such a great tool to have at your disposal! Deposit rocket has been a huge help for us when we needed to put down a deposit and quick! We didn’t have the amount readily available so this really saved us so we could get the home we wanted. I highly recommend this service to everyone!!! It helps the buyers, sellers and agents all get what they want!!

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Samer Al-Zubaidi
1 review
3 months ago

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Denise and Shawn
4 reviews
3 months ago

It was fairly simple, and very instant!!! Our money was tied up in our houses that just sold. We were able to secure the deposit on our new house through Deposit Rocket. Not all realtors are familiar with this method, so they need to be educated. All in all, it was our saving Grace. Money well spent! We are very Satisfied and we are telling everyone we know about this awesome way to put a deposit on a house. Thanks Rocket Deposit!!!!

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Sarah C
1 review
8 months ago

This was very helpful in the the purchase of my home! Quick and simple - thank you!

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Cheryl Moyer
1 review
10 months ago

Amazing company to deal with! When my husband and I decided to look for a new house the deposit amounts required were insane. So much of our money is tied up in the house. Here comes Deposit Rocket and the amazing Naresh to the rescue. They got me my deposit super quick and we got our new home.

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Sabin Gautam
1 review
11 months ago

This is an amazing service, recommend to whose people who has shortage in mortgage down payment. Customer service is very good, respect customer

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Murray Robinson
1 review
12 months ago

We were referred to Deposit Rocket by our Mortgage Broker Christina, our house was sold and we needed cash for a deposit quickly. We did an online application, Deposit Rocket approved us instantaneously and their customer service has been fabulous. Naresh was on call to explain how it works, and to help with the documents. This is a great solution for clients who's deposits are tied up in their home and can't cash out quickly.

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Anand Pandya
1 review
1 years ago

After I got the welcome letter by email from Deposit Rocket, it took me just 6 minutes to arrange a Deposit Guarantee. It was automatically issued to my Real Estate Broker, and it was half the cost of a Line of Credit, and didnt affect my credit.

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Jodi Roe
1 review
1 years ago

We were putting in an offer on our dream home, and needed a deposit quickly but our investments were all tied up, and my Mortgage Agent told me about Deposit Rocket. I applied online and in 7 minutes I arranged a deposit for the offer on my new home. The first offer was not successful but we increased the Deposit Rocket and it was accepted. Thank you Deposit Rocket.

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Mike Mcdonald
1 review
1 years ago

Amazing service! I had an awesome experience highly recommend! Thx guys

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Zhi Wei Ma
1 review
1 years ago

Just helped my son with his first home, deposit rocket made it easy! Great product & great service!

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Anna Anita
1 review
1 years ago

Great product, helped us out in a punch!

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Crystal Lee
2 reviews
1 years ago

Very happy client! Amazing product. I would definitely recommend this to anyone.

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  • What is a Deposit Rocket Guarantee?

    It is simply a guarantee that you will pay the required deposit upon closing of the home. Deposit Rocket Guarantees are now used when submitting an offer instead of a traditional cash deposit.

    Learn More
  • Who Qualifies?

    If you are a Canadian resident, over the age of 18 who is purchasing an owner-occupied home, you are eligible!




    Learn More
  • What are the Benefits?

    Deposit Rocket is quicker and easier than freeing up a cash deposit.





    Learn More
Simple Process
  • Apply for a Deposit Rocket.
  • Issued instantly online and delivered to you and your licensed realtor.
  • Deposit Rocket is inserted into your offer instead of a cash deposit.
  • At closing, simply pay full purchase price.
Save hundreds of dollars and hours of time.
Approval in 5 minutes.
Deposit Rocket Advantages

Deposit Rocket Guarantees are quicker and easier than the traditional method of freeing up a cash deposit.

Buyers
Quick

5-minute online application, instant issuance!

Convenient

No Banks or bridge loans

No arranging & delivering certified cheques

Your Money stays in the market

Can make unlimited number of offers, no extra cost!

Cost effective

No home appraisal

No Line of Credit applications

No investment breakage fees

Sellers
Secure

Larger Deposits

Undoubted Deposits

Receive more offers

Insured by Northbridge General Insurance Corporation rated “A” (excellent) by A.M. Best, “A-” (strong) by S&P, and “A” (good) by DBRS.

Agents
More Sales, Quicker

Email directly to your licensed realtor

Increase amount or term instantly

Same or better position a cash deposit

Real estate professional? Unlock your
client's equity for faster, smoother sales.
Fee Calculator
Deposit Rocket Guarantees :
Up to $100,000
Up to 9 months
Up to 10% of the home purchase price
Unlimited offers can be made!
Deposit Rocket 5.0
What Our Clients Say
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Ryan Anderson
5.0 Realtor - Century 21 Apr 13, 2022

Sometimes, the true measure of a service provider is when things don't go perfectly, and the provider stands behind their client, providing the service of fixing the problem. It's innovative, and as a Realtor I found the process was fast and user friendly; for both myself and my client. I must say, that calls were returned promtly, having a direct line to a person to ask questions to also made a huge impression. To your continued success Naresh!

Read more
M
Michael Hewitt
5.0 Real Estate Agent Mar 25, 2022

Deposit Rocket is an innovative solution to providing a deposit for purchase that is not readily available. As a mortgage agent, before Deposit Rocket if clients did not have access to liquid funds and needed to leverage their equity to do so quickly, we would need to arrange a short term private mortgage. Privates, were a great solution, but they are much more expensive and cannot fund the same day needed legal registration! Now that we have Deposit Rocket, I suggest them to all my clients needing funds for a deposit on their new purchase. Their application is simple, the process is quick and their team offers exceptional service. Our realtor partners love this too, because they know their clients have a secure deposit that can be available in time for offers. And in most cases they now have a larger deposit - for a more competitive offer.

Read more
Lana Golowin
5.0 Real Estate Agent - RE/MAX Mar 23, 2022

I was introduced to Deposit Rocket in November and was able to share it with my clients to purchase their home. This method of accessing funds for a deposit is extremely efficient, easy & quick! I will definitely recommend to future clients!

Read more
George Tremis
5.0 Broker, MBA, CSP May 19, 2021

I'm the Founder and Team Leader of the GT1 Realty Group. Recently we had clients who successfully purchased a home in Lorne Park. However, they were mistaken about their ability to produce $30,000 in cash for the Deposit. Fortunately, Deposit Rocket rescued the deal within 15 minutes, via their Deposit solution. Our clients were very happy with the solution, and very impressed with how simple and cost effective it was. Thank you to the Deposit Rocket team, we appreciate you. Best, George

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John Meehan
5.0 RE/MAX Unique Broker of Record/Owner May 18, 2021

Naresh has been great at helping get the message out while demonstrating great patience and restraint with those opposed to the new option.

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Lisa Lonsdale
5.0 Bosley Real Estate Agent May 08, 2021

I only heard about Deposit Rocket when we received an offer on our clients property. After some checking I am very happy with the way the Deposit Rocket works and how simple it is.

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Asif Khan
5.0 RE/MAX Real Estate Centre Inc. Broker Aug 02, 2021

The search for the right area, hunting down the perfect home THREE times, and the stress and heartache of losing out in bidding wars a couple of times. Played nice on the first offer and lost out in a 5 offer marathon that lasted 2 days. Don’t even get me started on the exchanges I had with that listing agent over that. The second one was a 15 offer battle that one buyer went a bit crazy on. Couldn’t let them get caught up in that craziness. The third multiple offer situation came up and quickly escalated into 15 competitors as well. They LOVED this home and I wasn’t going to let them walk away empty handed. We strategized and we went in for the kill. A few anxious moments, quick decisions, strategic planning with Naresh and Deposit Rocket. Some after hours number crunching we were armed with all the ammo we needed to win this war.

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Glenn Yamada
5.0 RA Realty Alliance Inc. Agent Jul 15, 2021

I would highly recommend Deposit Rocket to all realtors and buyers who find themselves short of cash for a deposit. My clients had sold their home to a developer and were waiting for the non-refundable deposit which was in process but would not be ready for 10 working days. In the meantime we found a home they wanted to put an offer on on the week-end with offers being looked at on the following Tuesday. However all their cash was tied up in their TFSA account. They were ready to cash out their TSFA on Monday but their financial advisor told them they wouldn't have access to the money until Thursday or Friday. Bank financing would also have taken as long to process. I spoke to the listing Realtor who suggested Deposit Rocket. At 10 am Monday I sent an email to Deposit Rocket and received a phone call within half an hour. They sent the application form immediately. By 1 pm we had an approval and letter guaranteeing the deposit. This would have been approved sooner except one of the spouses was unable to get to her computer until 12:30. The cost for a 1 month loan for $65,000 was $500. This of course increases the longer the loan term is. Unfortunately we lost out on the offer. However, Rocket Deposit allows you to re-apply as many times as needed (no charge) until the approved buyer finds another home. This is an unbelievable service at a an incredibly reasonable cost. If any of you have dealt with private lenders their fees are 1% to 2.5% cost of the loan plus rates running between 7.5% to 9% on the principal. I would highly recommend this service to anyone in similar situations

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Mark Draper
5.0 Right at Home Realty Broker May 03, 2021

I just had clients go through this process to obtain their down payment required for their next home purchase. They did not have the funds available to come up with the cash themselves. Their house was sold firm and with it we were paying out many debts which made it difficult for them to obtain further financing (prior to their sale) in order to cover the deposit needed. They wouldn’t have the cash available until their home was sold firm. Their first and second offers were not accepted. We were able to Amend the Deposit Rocket for all the offers presented.

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Stefanie Richardson
5.0 RE/MAX Treeland Realty Agent Apr 30, 2021

I have referred 2 clients to Deposit Rocket, they both applied and were approved instantaneously and their customer service has been stellar. Excellent customer experience!

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Christina Pentlichuk
5.0 Mortgage Alliance Mortgage Broker Mar 25, 2021

I just had clients go through this process to obtain their down payment required for their next home purchase. They did not have the funds available to come up with the cash themselves. Their house was sold firm and with it we were paying out many debts which made it difficult for them to obtain further financing (prior to their sale) in order to cover the deposit needed. They wouldn’t have the cash available until their home was sold firm. Deposit Rocket approved them instantaneously and their customer service has been fabulous. This is a great solution for clients who’s down payments are tied up in equity or investments that they just don’t want to cash out yet.

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Gurdeep Sandhu
5.0 RE/MAX Realty Specialists Agent Mar 21, 2021

The Buyers Estate Broker informed me that we had an offer with a Deposit Rocket Guarantee on my listing. I didn’t understand what this was. I did some checking and got a call form the Company, Naresh the VP of Sales, the information I was given was honest and straightforward. I really believe this is the best and safest way to put a deposit on a Offer to Purchase a home We discussed with the Broker and we accepted the Deposit Rocket. The house closed last week smoothly, without any problems.

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Danielle Demerino
5.0 Royal LePage Real Estate Agent Jun 02, 2021

You have no idea how badly my clients need this.... Thank you for this!

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Emily Bryant
5.0 Keller Williams Complete Realty Agent Apr 29, 2021

I’m a REALTOR who will ALWAYS recommend Deposit Rocket to my clients! Deposit Rocket ensured a smooth transaction for my buying clients over a weekend! Their customer service is top notch. Naresh was available to me at all hours to help guide and educate everyone involved. I can’t say enough good things about Deposit Rocket and their support team. Deposit Rocket is revolutionizing the way Canadians make deposits in Real Estate!

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Terry Tandarich
5.0 RE/MAX Escarpment Realty Agent Mar 22, 2021

Great program, smooth process, happy client!

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James Benson
5.0 Keller Williams Agent Jan 07, 2021

I just did my first deal with this product. It was simple and straight-forward for the client to complete all the steps to get the Deposit Rocket in place.

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#1 Individual Agent, based on 2020 unit volume Keller Williams Worldwide
Drew Donaldson
5.0 The Mortgage Group Feb 05, 2021

This vision of the future is needed!

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Recognized As One of Canada's 2020 Top 15 Mortgage Brokers
Brad Lamb
5.0 CEO Lamb Realty Inc. Jan 17, 2021

Great idea

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Mark Vosylius
5.0 President Core Realty Partners inc Feb 02, 2021

Deposit Rocket™ truly simplifies the process of making an offer for buyers whose equity is tied up. Moreover, Deposit Rocket™ makes it possible for first-time home-buyers to make a competitive offer with the support of a guarantor's equity. With this, realtors, mortgage brokers, and lenders can close transactions quickly and with confidence.

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Antree Demakos
5.0 Legal Line Co-Founder Jan 15, 2021

Antree Demakos, J.D., CEO of Legal-Line.ca, a federal non-profit organization providing Canadians with free legal help for over 25 years, says, "Deposit Rocket Guarantees provide home buyers with fast, online access to deposit funds which are backed by an 'A-rated' insurer. This ‘Guarantee’ is as secure for the Seller as receiving a certified cheque. We are excited to connect our four million annual users to this innovative and much-needed service.

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Randy Ramadhin
5.0 Centruy 21 Agent Mar 05, 2021

This is such an innovative way to get deposits for a purchase!

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Daryl Idiens
5.0 Forest Hill Real Estate Inc -Broker Jan 15, 2021

Deposit Rocket will allow my out-of-town clients to make an offer without the inconvenience of providing a deposit cheque. They also won't miss out on any must-buy properties because their deposit funds were tied up.

Read more
Chris Karram
5.0 Investment Advisor Feb 22, 2021

Very exciting innovation coming from the team at Deposit Rocket Inc. Real estate deposits have always been a challenge and this new insuretech play has helped relieve that tremendously.

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Brian Bell
5.0 Insightt Founder Feb 11, 2021

Innovation is all about solving a pain point(s) in an industry and we wanted to give a shout out to Deposit Rocket Inc. for leveraging technology and innovation to make this happen. There could not be a better time for an innovative offering to solve the deposit pain point in the real estate transaction than with an insurtech offering. We wanted to give a big shout out to Don Miller and his team for this very new and innovative solution to the Canadian market and will be interesting to watch solutions like this become the defacto industry standard like they are in Australia. Very innovative and timely new offering for the real estate industry.

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John Harvey
5.0 Insurtech Founder Feb 18, 2021

I really see DR, making property ownership more accessible, more expedient to the market and helping homeowners accelerate the process. I really appreciate the solution Deposit Rocket is bringing to the market and highlighting the value of insurtech.

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RepMag
5.0 Real Estate Publication Feb 16, 2021

Many Canadians’ home equity is tied up in their homes, and because pulling it out is contingent on a bank appraisal, which can take time, that dream home risks slipping through the hopeful buyer’s fingers. However, Deposit Rocket’s partnership with Northbridge General Insurance Corporation allows it to extend deposit guarantees that are backed by an A-rated insurance company. Deposit Rocket is now available and it’s built upon a successful 30+ year model that’s common overseas, notably in Australia, and to a lesser extent with Canadian real estate developers that sometimes extend deposit guarantees on preconstruction homes. Moreover, as an online platform, digitizing every facet of the procedure, from collecting signatures to delivering the offer, significantly reduces time, which, in theory, enables a disappointed homebuyer to move on to their next target without going to the bank over and over again to deal with certified deposits.

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Rob Mclister
5.0 Founder of intelliMortgage Inc. Jan 24, 2021

Deposit Rocket lets you offer a bigger deposit than you otherwise might. That might be appealing to some sellers.

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John Galibert
5.0 Investment Advisor Feb 26, 2021

What Deposit Rocket is offering looks very interesting. I’ve checked the website as well as the press release and it looks to me like you have a great product!

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Questions About House Deposits
What is a home or house deposit?
Much like a down payment guarantees the bank you’ll pay the mortgage, a house or home deposit guarantees the seller you’re serious about buying their property.

A house deposit is typically 5 - 10% of the purchase price of the property, and is a separate amount than the down payment on a home. These deposits are typically secured via a loan or cashier’s cheque, and also with cash equivalent deposit bonds, like those offered by Deposit Rocket.
How much should my house deposit be in Canada in 2022?
Home or house deposits in Canada are usually between 5 - 10% of the property value, but there isn't a hard rule for what makes an adequate house deposit amount.

Canadians now have the all-new option of using a Deposit Rocket cash equivalent bond instead of making an offer to purchase a home with a cash deposit.

Our insurers' 'A' grade guarantee backs up your commitment to buy, making it safe for the seller.

Our fees start as a fraction of a percent of the deposit. For a quote, you can use our free Calculator.
What’s a house deposit vs a down payment?
A house deposit is essentially a down payment to the seller. Much like a down payment guarantees the bank you’ll pay your mortgage, a house or home deposit is a guarantee you’ll buy from the seller.

A house or home deposit is generally 5 - 10% of the value and a down payment is typically much more - up to 20%

A key difference between the deposit and down payment is their purpose in securing the confidence of the seller and the mortgage lender, respectively, about your financial ability to own a home. While a deposit tells the seller that you are determined to purchase the property, a down payment tells the bank about your capability to handle the mortgage expenses.
Is a larger house deposit better?
A larger house deposit makes more sense for home buyers in most situations.

A smaller house deposit can give the buyer more flexibility at the time of settlement, but in a hot housing market, a larger deposit often makes for a more competitive offer.

Deposit Rocket allows you to make a larger deposit on multiple listings without having to release your funds, sell your assets, or take out loans through closing. Home buyers with equity can instantly unlock a larger deposit with Deposit Rocket to secure a larger deposit. As funds do not change hands until closing, buyers can keep earning returns on their house deposit money until the settlement date, and since Deposit Rocket deposits are not loans, buyers need not worry about interest charges.
Is a deposit on a house refundable?
Not often.

When you’re buying a property in Canada, a deposit on your home is accompanied by an Agreement of Purchase and Sale (APS). When the deposit is paid and the APS is signed, you’re officially in a legally binding contract.

Now that the purchase has been processed, it is not a good idea to try and go back on your word - the seller may have grounds to sue. Unless you have put conditions on the deposit (i.e., the sale to go through only if the seller agrees to fix a door or a fence on the property) and the conditions have not been met, your deposit can be returned after both parties sign a release form.

Questions About Deposit Bonds
What is a home or house deposit bond?
Quite simply a deposit bond is a form of an insurance guarantee in lieu of a cash deposit on a home. It defers the need to use your cash up front, saving the hassle of loan applications, awkward family conversations, or credit card debt.

The use of deposit bonds have been a standard practice in the Australian real estate world for decades, and are newly available in Canada.

Just like with a traditional house deposit, the buyer pays the full purchase price at settlement.
Is bond deposit and cash deposit the same thing?
No, there are some inherent differences between a deposit bond and a cash deposit.

A cash deposit is typically done via a cashier’s cheque from a bank - which assures the seller you have a certain amount of cash ready and available for the transaction.

A deposit bond is, in essence, an insurance policy. When you take out a deposit bond, it gives the seller security knowing that the deposit (i.e., 10% of the property) will be paid to him/her in any circumstances where the deposit is forfeitable by the buyer.

A deposit bond allows the buyer to:
  • Continue to earn interest as their savings remain intact
  • Avoid expensive time delays and bridging loans
  • Make multiple offers with the same bond
What is Deposit Rocket?
Deposit Rocket™ is the all-new way to make an offer on your next home.

We help you unlock your equity and secure your deposit online, no banks, no stress and your deposit bond is emailed to your licensed realtor, INSTANTLY!

Deposit Rocket provides a bond that works as a cash equivalent instead of a certified cheque in the home buying process. It replaces the home or house deposit and makes the process faster, safer, and so much easier.

Deposit Rocket is backed by the Northbridge General Insurance Corporation rated “A” (excellent) by A.M. Best, “A-” (strong) by S&P, and “A” (good) by DBRS and are as secure for the Seller as a cash deposit/certified cheque.
Is Deposit Rocket a loan?
Deposit Rocket is a bond that acts as a cash equivalent in the home buying process. No money actually changes hands until settlement. Come settlement, the purchase price is paid in full, and the bond simply lapses. Same as it would with a traditional cheque.

A Deposit Rocket has a one-time cost that is calculated based on the deposit guarantee amount desired and the term required.
It is not a loan extended to you and therefore, you won’t have to borrow any money or pay any interest!
So what’s so great about Deposit Rocket?
Our innovative approach is a low-cost alternative compared to other options such as overdrafts, bridge financing, or other short-term loans. It saves you the awkward borrowing of money from friends and family.

Deposit Rocket unlocks the equity in your current home or assets, so you do not have to tie up or secure a line of credit or deal with the bank or home appraisal fees.

Using a Deposit Rocket Guarantee also allows you to keep your money invested in the market so your investments keep earning you money until closing.

Quick Process
  • 5-minute online application, instant issuance!
Convenient - No Loans!
  • No banks, bridge loans or borrowing from friends and family
  • No arranging & delivering certified cheques
  • Your money stays in the market
  • Can make as many offers, on as many houses, as needed, until you are the successful buyer - at no additional cost
Cost Effective and Easy
  • No home appraisal
  • No Line of Credit applications
  • No investment breakage fees
Accepted Everywhere
How does Deposit Rocket work?
Instead of making an offer to buy a home with a cash deposit, Canadians now have the all new alternative of using a Deposit Rocket Guarantee, if their deposit money is tied up in their home equity or liquid investments.

Deposit Rocket Guarantees are simply your ‘promise to pay’ the deposit amount, at closing.

Your promise is backed by our insurers ‘A’ rated guarantee, making it secure for the Seller.

We are willing to guarantee that you will provide the deposit amount upon closing, after we have verified that you have sufficient home equity or liquid investment to do so.

Deposit Rocket Guarantees are available from $10,000 to $100,000, for up-to 9 months.

Our five minute online system provides near instant approvals and your Deposit Rocket Guarantee is emailed to you and your licensed realtor.
How many offers can I make with my Deposit Rocket?
You may make as many offers, on as many houses, as needed, until you are the successful buyer - at no additional cost!

This is a huge benefit as a buyer - giving you the flexibility to make multiple offers on homes you adore.
Who qualifies for a Deposit Rocket?
  • Canadian residents
  • More than 18 years of age
  • Making an offer to purchase an owner-occupied residential property*,
  • Available in any province in Canada (except Quebec),
  • Utilizing a licensed Realtor
  • Must have sufficient home equity or liquid investments to qualify
*Note: Mortgage Helpers, such as renting out the basement is acceptable.
Are first-time home buyers eligible for Deposit Rocket?
Yes!

First-time home buyers with sufficient liquid investments are eligible for a Deposit Rocket OR your parents can apply as guarantor(s) if they have sufficient home equity. Don’t worry - it’s an easy process and no credit check, bank visits, or complex paperwork.

A good rule of thumb: Home equity or liquid investments are typically 1.5X the amount of the Deposit Rocket Guarantee amount.
How much does a Deposit Rocket cost?
The cost depends on the deposit amount and the term that is purchased.

Our fees start at less than 1% of the deposit amount. Please see our Fee Calculator for a quote.
How long does a Deposit Rocket take?
Our online application takes only minutes to complete.

Approval processing time varies from immediate, to 1-2 business days, depending on your application. Once approved, your Deposit Rocket is emailed to you and your licensed realtor immediately.

If you have sufficient equity in your home, your application will be approved instantly.

If you have been pre-approved for a mortgage, your application will be approved within hours.

If you qualify for a Deposit Rocket with liquid investments or your parents home equity, your application will typically be approved in 1-2 business days upon receipt of a completed application.
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