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About Quicken Loans
Read our Rocket Mortgage review to learn more about how this lender works.
Quicken Loans is an online lender now known as Rocket Mortgage. You can apply to this lender either on the Quicken Loans website or on the website Rocket Mortgage-Website. Credit is available in all 50 US states and you can get the following credit products:
- Conventional mortgages (both conforming and jumbo mortgages)
- FHA loan
- VA loan
- Both fixed and variable rate mortgages
- home loan
- ONE+: allows 1% down payments without mortgage insurance and includes a 2% subsidy from the lender
- Purchase Plus: provides a credit of up to $7,500 to help offset down payment and closing costs
- BorrowSmart Access: a program offered by Freddie Mac that includes a $3,000 deposit credit
You can chat online 24/7 with an automated assistant. Chat online with a live representative Monday through Friday from 7:00 a.m. ET to midnight ET or on weekends from 9:00 a.m. to midnight ET.
If you need to talk about anew mortgageyou can talk to someone on the phone Monday through Friday from 8am to 10pm ET, Saturday from 9am to 8pm ET, or Sunday from 10am to 7pm ET.
To talk about acurrent loan or closed loan, Call Monday through Friday from 8:30am to 9:00pm ET or Saturday from 9:00am to 4:00pm ET.
Frequently Asked Questions About Quicken Loans
Are Quicken Loans Legitimate?
Quicken Loans is a reputable mortgage lender. It now operates under the Rocket Mortgage name, but you can still apply on the Quicken Loans website.
Does Quicken Loans have a good reputation?
Quicken Loans has a strong reputation and is known for excellent customer service. It was the lender with the highest customer satisfaction in 2022, according to JD Power’s Mortgage Origination Satisfaction Study. It also has one Rating A+ from the Better Business Bureau.
Is Quicken Loans a good place to borrow?
Quicken Loans, now Rocket Mortgage, makes it incredibly easy to apply for a mortgage. You may like this lender if you are looking for a conventional, FHA or VA loan or if you are looking for affordable mortgage options like the ONE+ loan.
Is it difficult to get Quicken Loans approved?
You need a credit score of 620 to qualify for a Quicken Loans conventional loan and a credit score of 580 to qualify for an FHA or VA loan. These minimums are fairly standard, so borrowers shouldn’t have a hard time getting approved at Quicken Loans.
Which bank owns Quicken Loans?
Quicken Loans, now called Rocket Mortgage, is part of the financial services company Rocket Companies. It is a non-bank lender, meaning they lend money for mortgages but do not operate as a full-service bank taking deposits from customers.
Why is Quicken Loans so popular?
According to data, Quicken Loans was the country’s top mortgage lender in 2021, making more than 1.2 million loans Daten zum Home Mortgage Disclosure Act. It is a popular choice among borrowers because of its widespread use and easy online application process.
Read the original article on Business Insider
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2023-08-18 23:34:41
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