Quicken Loans Mortgage Review
Last Updated: February 2024
- Personalized lender recommendations
- Wide range of mortgage options
- Powerful home equity solutions
- Get rates from our providers
- 100% online experience
Overview
A cornerstone in helping Americans achieve their dream of homeownership, Quicken Loans is a comprehensive online platform that serves as a matchmaking service, connecting individuals with mortgage lenders that suit their needs. Quicken Loans is dedicated to providing personalized recommendations, enabling users to compare lenders and select the best fit for their unique financial situations, all for $0.
PROS | CONS |
---|---|
Free Mortgage Calculators | No Direct Lending Services, but Connects Users with Recommended Lenders |
Personalized recommendations for $0 | |
Wide Range of Loan Options |
Types Of Loans Offered
Although Quicken Loans does not originate loans themselves, they can connect you with lenders that provide a wide range of loans for different situations.
Options may include:
Best For | Easier Qualification | Loan Flexibility | Rate Security | Lower Equity/Money Down | |
---|---|---|---|---|---|
FHA Loan | Lower credit scores – Require a min. Downpayment of 3.5% | Yes | Yes | Yes | Yes |
FHA Streamline | Refinancing an existing FHA loan | Yes | Yes | Yes | Yes |
15-Year Fixed | Less interest as loan is paid of quicker | No | No | Yes | No |
30-Year Fixed | Stable and allows for smaller monthly payments | No | No | Yes | No |
Adjustable Rate | Lower rate for the first years and lower monthly payments | No | Yes | No | No |
YOURgage | Ability to choose a completely custom term ranging from 8-29 years | No | Yes | Yes | No |
VA Loan | Open only to qualified veterans, service members, and their spouses | Yes | Yes | Yes | Yes |
Jumbo Loan | For mortgages exceeding $548,250+ | No | No | Yes | No |
There is no one-size-fits-all solution when it comes to selecting a mortgage, so understanding the various types and what they offer is the best way to determine what works for you. To help you do this, Quicken Loans has curated numerous educational articles on their website for you to take advantage of, as well as virtual calculators and quizzes that provide personalized recommendations.
Who Is Quicken Best For?
Quicken Loans is designed to help anyone looking for a mortgage lender, whether for a primary or secondary property. Thanks to their wide selection of lenders, there is a little something for everyone and they have options that can match a wide range of credit profiles, budgets, and experiences. By working with Quicken Loans, you will have the advantage of full transparency and a convenient process, making it easier than ever before to compare mortgage providers and find the best fit for you.
Completely digital, Quicken Loans is ideal for anyone who likes the idea of finding a lender from the comfort of their own home, without going to banks in-person. With its cutting-edge lender matching technology, Quicken Loans streamlines the usual process of researching providers, allowing you to easily compare options directly from your phone or computer.
Asking you a few simple questions about your needs, finances, and goals, Quicken Loans will be able to quickly determine which lenders could be a good match for you. It costs $0 to complete the questionnaire, it won’t impact your credit score, and you will have your results in only a few short minutes. You can find the lender matching tool directly on the Quicken Loans website, as well as educational resources and digital calculators for you to utilize.
Bottom Line
Buying a home is an exciting experience and Quicken Loans is here to help make finding funding as seamless and hassle-free as possible. Featuring personalized recommendations for lenders with a wide selection of loan options, it’s never been easier to find a mortgage provider for your unique financial needs and goals.
Fast, efficient, and straightforward every step of the way, Quicken Loans is your trusted mortgage provider with decades of experience helping buyers just like you.
To learn more about Quicken Loans, or to get your tailored recommendations, you can visit their website directly. There, you will find a number of educational resources, free digital calculators, and be able to take the first step towards securing a mortgage for your dream home. It costs $0 to get your personalized lender matches and there is no pressure to commit, so this is a great opportunity to explore what options might be available to you. Get started today!
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