Quicken Loans
Online Payday Personal Consumer Loans up to $5,000
Easy Application, Fast Processing, Quick Approval, Any Credit Score
Request a LoanQuicken Loans is the largest online mortgage lender. The company was founded in 1985. Headquartered in Detroit, this lender has provided more than 2 million American families with home loans. It offers loans in all 50 states.
| Company name | Quicken Loans Inc. |
| Founded | 1985 |
| Address | P.O. Box 6577. Carol Stream, IL 60197 |
| Website | quickenloans.com |
| Phone number | (800) 508-0944 |
| Help@QuickenLoans.com |
Pros
- Experienced lender
- Available in 50 states
- View loans without affecting credit
- Instant streamlined preapproval
- Fast turnaround
- Flexible repayments
- Government-backed and conventional loan options for home buyers
- Online tools to upload documents
- Best customer satisfaction
- Manage your account on the go
- Works with investors and people buying second homes
- Extensive educational materials
- Plan ahead with mortgage calculators
Cons
- Application deposit
- Two-step process
- No face-to-face customer service
- Hard credit pulls
- Rates might be higher than advertised
- No home equity loans or lines of credit
Bottom line
Quicken Loans offers fast loan application, affordable rates, and great customer service. If you’re interested in buying or refinancing a home, this lender could become a good choice. They are also great if you are comfortable applying online and don’t need to meet with your lender face-to-face.
However, before applying for a loan, make sure that you compare rates from several lenders before making your final decision.
Types of loans
Quicken Loans offers the following products:
- 30-year, fixed-rate mortgage (FRMs);
- “Yourgage”;
- Adjustable-rate mortgage (ARMs);
- USDA loan ;FHA loan;
- VA loan;
- Jumbo loan.
Loan requirements
To be eligible for a mortgage with Quicken Loans, you’ll need to be at least 18+ years of age (19+ in some states), be a US citizen or legal resident, have a credit score of at least 580 for FHA loans, 620 for conventional and VA loans and 700 for jumbo loans.
You’ll also need to make a down payment of at least 3% for conventional loans and a deposit between $400 and $700 to cover the good faith deposit.
Be prepared to provide the lender with:
- Your full name and personal contact information;
- Your SSN;
- Pay stubs from the past month;
- Profit and loss statements if you are self-employed;
- A complete list of your debts, loans, and credit cards;
- W2s and 1099s from the past two years;
- A list of your assets, including real estate, savings, car titles and other investment records;
- Personal tax returns from the past two years.
Category: Online Loans
Tags: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Posted by Deborah Wagner