Rocket Mortgage Mortgage Recast: Fee, Minimum & How to Request

Last verified July 2026 · From the lender's educational pages (not a formal fee schedule)

Offers recastingYes, on eligible loans

Reported feeCommonly cited up to $250 (industry-standard figure, not a firm published Rocket number).

Reported minimumAt least $10,000 in principal reduction since closing or your last recast (need not be a single payment).

These figures are reported for planning and can change at any time. Rocket Mortgage's written recast agreement is what binds — confirm the current fee, minimum, seasoning, and your loan's eligibility with Rocket Mortgage before sending any payment.

What to know about a Rocket Mortgage recast

Conventional only; FHA, USDA and VA not eligible (stated on Rocket learn pages). Must have made at least two payments and not be paid ahead.

Is your loan eligible?

Conventional (Fannie Mae / Freddie Mac) loans are usually eligible, subject to your servicer and investor.
FHA, VA and USDA government loans generally cannot be recast (re-amortization only happens inside a loss-mitigation modification, which is a different process).
Jumbo and portfolio loans vary case by case — only the servicer/investor can confirm.
Interest-only loans, Option ARMs and commercial loans are typically ineligible.

How to request a recast

Confirm your loan is current and past any seasoning period (often 2–6 on-time payments).
Contact Rocket Mortgage and ask for their recast/re-amortization form — most servicers require the request before or with the lump sum, so an unsolicited principal payment won't automatically recast the loan.
Make the qualifying lump-sum payment and pay any recast fee as directed.
Allow roughly 30–60 days for the new, lower payment to take effect.

See your new payment

Estimate exactly how much a lump sum would lower your payment — and whether recasting, extra principal, or refinancing costs least — in the recast calculator. New to recasting? Start with what is a mortgage recast, or compare other servicers on the lender policies page.

Frequently asked questions

Does Rocket Mortgage offer mortgage recasting?

Yes — Rocket Mortgage is reported to offer recasting on eligible loans. Conventional only; FHA, USDA and VA not eligible (stated on Rocket learn pages). Must have made at least two payments and not be paid ahead.

How much does a Rocket Mortgage recast cost?

Commonly cited up to $250 (industry-standard figure, not a firm published Rocket number). (From the lender's educational pages (not a formal fee schedule).) Recast fees industry-wide are commonly $150–$500, and a few large banks are reported fee-free. Confirm the current fee directly with Rocket Mortgage.

What is the minimum lump sum for a Rocket Mortgage recast?

At least $10,000 in principal reduction since closing or your last recast (need not be a single payment). Minimums industry-wide are usually $5,000–$10,000, sometimes about 10% of the balance. Confirm with your servicer.