Quicken Loans Review
Quicken Loans is a Detroit-based company founded in 1985 with the aim of providing mortgage programs such as purchase and refinance loans. The company offers convenient services online and via their mobile application as well as step-by-step assistance from experienced mortgage bankers. They have a 5-star TrustPilot rating, and an A+ score with the BBB.
CUSTOMER EXPERIENCE WITH QUICKEN LOANS
Types of Mortgage Loans Offered
- Fixed Rate 15 Year
- Fixed Rate 30 Year
- 5/1 ARM
- 7/1 ARM
- 10/1 ARM
- Jumbo Fixed Rate
- VA Fixed Rate
- VA Adjustable Rate
- FHA Fixed Rate
- FHA Adjustable Rate
- USDA Loan
- Marketplace
QuickenLoans has a very well-developed website, which offers a wealth of educational resources, such as various calculators, help articles, and daily mortgage rates alerts via email or text. After answering a few questions online, QuickenLoans will even have a loan expert contact you to clarify any additional doubts and discuss your options.
Online Features
Online Application |
Yes
|
Online Quote |
Yes
|
Additional Tools and Resources |
Mortgage Calculator
Affordability Calculator
Help Articles
Check Today’s Rates
|
SSN Required for Quote |
No
|
OVERALL RATING
Since its founding in 1985, QuickenLoans has become the largest online mortgage lender in the U.S. and one of the most successful retail mortgage lenders in the country, second only to Wells Fargo. Since they work with a vast network of lenders, borrowers are sure to find an option they can qualify for. Surprisingly for the industry, QuickenLoans has an extremely high rate of customer satisfaction, making them an excellent choice for anyone shopping for a mortgage loan.
QUALIFICATIONS AND REQUIREMENTS
Key Requirements at a Glance
Minimum FICO Score |
620
|
Non-Traditional Credit History Considered? |
No
|
Key Facts
Lender Type |
Marketplace
|
Year Founded |
1985
|
BBB Rating |
A+
|
BBB Positive Reviews |
2
|
BBB Negative Reviews |
272
|
TrustPilot Rating |
9.5 out of 10
|
Collection Date |
2018-02-05
|
Complaints & Regulatory Actions
Nationwide Mortgage Licensing System ID |
3030
|
The Nationwide Mortgage Regulatory Actions |
1
|
Consumer Financial Protection Bureau Complaints |
1
|
QUICKEN LOANS PROFILE
Full Name |
Quicken Loans Mortgage
|
Company Website | |
Headquarters |
1050 Woodward Avenue, Detroit, MI, 48226
|