Quicken Loans Overview

Quicken Loans is an online national lender that offers mortgage loans to homeowners.

When you apply for a Quicken Loan, you’ll connect with a lending professional who will walk you through the best options available. Your designated “Home Loan Expert” will be there should you have any questions or concerns, and will be a form of support until you close. Because much of the process is online, you can rest assured that you’ll have all the documents you need, when you need them.

A benefit of Quicken Loans is that they offer flexible ways of paying your mortgage—with no fees. You can choose to make your payments automatically and can make additional one-time payments if you need to. Quicken Loans also offers consumers a number of ways to communicate, including by phone or by chat. As opposed to other lenders, Quicken Loans also services 99% of their loans, which means you’ll get the same treatment from application to after closing.

Types of Loan Offerings: Quicken Loans offers: 5/1, 7/1, or 10/1 ARMs, FHA loans, 15/30 year fixed-rate loans, VA loans, USDA loans, Jumbo loans, and YOURgage, which is a fixed-rate conventional loan that you can customize to your specific situation. Choose terms from 8 to 30 years, finance up to $424,100, and pay as little as 3% down.

Down Payment Requirements: YOURgage: As low as 3%; ARMs: As low as 5%; FHA: As low as 3.5%; 15/30 year Fixed: As low as 3%; VA: No down payment; USDA: No down payment

Check out loan products for Quicken Loans

  • Take advantage of a fast, online application process
  • Set your own time and place for closing
  • Manage your mortgage from your phone 24/7
  • Online tools to keep track of whats needed, what in progress and what’s complete
  • Get the right solution based on your needs