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.
They offer different types of mortgage loans, to purchase or refinance your home depending on your particular circumstances and requirements.
Quicken Loans Mortgage Offerings
- 5/1, 7/1, or 10/1 ARMs
- FHA loans
- 15/30 year fixed-rate loans
- VA loans
- USDA loans
- Jumbo loans
- YOURgage, 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