One of the biggest mortgage lenders in the U.S. said it would pay $1.75 billion to buy a well-known real-estate brokerage. The deal, once it goes through, could have major consequences for millions of home buyers.

Zillow responds to Rocket’s planned $1.75B acquisition of Redfin Rocket Companies agreed to acquire Seattle-based Redfin in a

Redfin is being acquired in an all-stock transaction that values the real estate listing platform at $1.75 billion.

Redfin, founded in 2004, is one of America's most recognized real estate brands with more than 2,200 agents. Rocket provides home financing in all or parts of all 50 states. The technology and combined consumer data are expected to help Rocket's AI models provide a more personalized and automated consumer experience, the announcement said.

Rocket Cos. said Monday it would pay $1.8 billion in stock for the online real-estate agency Redfin Corp. in an effort to make it easier for customers to buy property using their mobile devices.

Dan Gilbert's Rocket Companies plans to buy the online real estate brokerage firm Redfin, a $1.75 billion deal that would expand Rocket's presence in all things residential real estate. The all-stock deal was announced Monday morning and, pending approval by Redfin shareholders, is expected to close in the second or third quarter.

Rocket Companies announced a $1.75 billion deal to acquire Redfin. The mortgage titan hopes to leverage Redfin to take market share.

Redfin CEO Glenn Kelman on the benefits of joining Rocket: "Homes.com is running a Super Bowl ad, and Redfin might not be able to afford that. At least not on our own, but Rocket ran a Super Bowl ad."