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Quicken offers a wide selection of loans for purchase or refinance. These include conventional, FHA and VA loans, as well as its unique YOURgage flexible loan option (more on that below).
For those anxious about buying or refinancing a home, Quicken Loans makes the experience easier and customized to your needs. Quicken has loans to suit all kinds of specific situations, such as low credit, low-equity refinancing, and very large loan amounts.
Borrowers can quickly see how much of a home loan they qualify for before they start the search, or if they feel uncomfortable online, they can also connect with a Home Loan expert on the phone.
For 11 years in a row, Quicken Loans has been ranked #1 in customer satisfaction by J.D Power.
Quicken Loans is a good choice for many borrowers, including those securing a conventional home loan and those using VA or FHA loans to fund their purchase. Along with traditional loans, Quicken Loans also has a mortgage program called YOURgage which offers borrowers fixed rates between 8 and 29 years.
Whether you are purchasing a home or refinancing your dream home, Quicken Loans has several loan options available.
Popular purchase options include:
Refinance options include:
The application process for a new home loan or home refinance is quick and easy. Interested borrowers can start the application process to see the rate and loan terms they would qualify for without having to commit if they change their mind.
Here’s what to expect from the application process:
Home loans can include many fees. These fees are typical for every lender, not just for Quicken Loans. Here are a few fees to expect:
Quicken Loans contact page offers many options to get in touch with customer service, including Spanish-speaking support and out of country support. The two most popular forms of support include:
Online Chat available:
Phone support during the following hours:
What’s The Difference Between Being Prequalified And Preapproved?
While lenders might use these terms interchangeably, they mean two different things. In a typical prequalification, a lender may or may not pull your credit to get an idea of what loans you qualify for. In a proper pre approval, a lender will pull your credit. They’ll also ask you for documentation like bank statements, pay stubs and W-2s so they know exactly what the top end of your budget would be based on an assumed interest rate.
How Long Should I Own My Home Before Refinancing?
In most cases, you'll need to be in your current home for at least a year before getting a significant financial benefit from refinancing.
How Long Does It Take to Close on a House?
The time it takes to close on a house, and get your mortgage loan application approved, usually runs anywhere from 30 – 50 days. Signing the paperwork on closing day can take up to an hour or more depending on whether there are any problems. A problem-free closing day, though, can last less than an hour.
Quicken Loans has several offices in popular cities, including:
Detroit:
1050 Woodward Ave.,
Detroit, MI 48226
Phoenix:
1 North Central Avenue,
Phoenix, AZ 85004
Cleveland:
100 Public Square,
Cleveland, OH 44113-2208
Charlotte:
6135 Park South Drive Suite 200,
Charlotte, NC 28210
If you want to purchase or refinance your home with the convenience of online tech while still having easy access to a real human, Quicken Loans offers both. They will hold your hand through the process and are upfront about fees and rates every step of the way.
This review was completed with the use of Quicken Loans website, as well as third-party review sites such as TrustPilot.