Introduction to Quicken Loans
Quicken Loans, which describes itself as "America's Home Loan Experts," draws upon more than 30 years of mortgage industry experience in serving the needs of its customers. As the nation's largest online mortgage lender (and second largest home loan lender overall), Quicken is licensed to do business in all 50 states, handling the entire mortgage process online or by phone – they can even bring the closing to you.
Quicken Loans has earned many nods of recognition in the industry, including top honors for customer satisfaction among primary mortgage originators from J.D. Power and Associates for seven years in a row and top mortgage servicer three years running. They've also garnered ‘Best of Web’ mentions from notable business publications such as Forbes, PC Magazine and Money magazine. All of this is to say that Quicken Loans is an excellent choice to assist with your mortgage needs.
As an online lender, Quicken Loans offers competitive and affordable rates to customers in every corner of the United States. Fixed-rate mortgages are its most popular product, including both 30- and 15-year loans, but borrowers also have the option of choosing any loan term they wish from eight to 30 years with a low, fixed rate. Financially sophisticated borrowers can opt for adjustable-rate mortgages (ARMs) with initial terms of five or seven years in order to minimize their payments.
Quicken also offers a variety of mortgage products to meet its customer's needs. In addition to conventional mortgages, FHA and VA loans are available with appealing mortgage rates and options. For borrowers interested in higher value properties, Quicken offers Jumbo loans in amounts ranging from $425,100 to $3 million, again with competitive mortgage rates and terms.
Quicken Loans stands ready to help you refinance your existing mortgage in order to better meet the needs of you and your family. Their mortgage refinance rates will vary according to your borrow profile and the specifics of your loan, but are always competitive.
As with home purchase loans, Quicken offers a variety of options for borrowers looking to refinance their existing mortgage. In addition to conventional refinancing, Quicken has simplified streamlined refinancing for borrowers with FHA and VA loans that offers reduced fees and documentation. HARP refinancing is available for low- and no-equity borrowers in conventional Fannie Mae/Freddie Mac borrowers, through Sept. 2017.
Quicken doesn't currently offer home equity loans or HELOCs, but there are cash-out refinance options for homeowners looking to borrow against their equity. For those age 62 and above, reverse mortgages are available through the company's One Reverse Mortgage subsidiary.
Quicken Loans Information
Quicken Loans is an A-plus web-based company operating a full featured user-friendly website online at quickenloans.com. If instead of browsing the website’s features, you wish to speak one-on-one with a live representative of Quicken Loans in order to learn more information, simply give them a phone call at 1-800-251-9080 for efficient, knowledgeable and friendly service.
Based in Detroit, Quicken Loans is part of a family of companies that include InHouse Realty, with a partner network of more than 25,000 real estate agents; Quicken Loans Mortgage Services, providing mortgage products through traditional "brick and mortar" lenders such as community banks, credit unions and selected brokers; TitleSource, the nation's largest independent provider of title insurance, property valuations and settlement services; and the aforementioned One Reverse Mortgage, among others.