Reviews On Quicken Loans – America’s Largest Mortgage Lender

Reviews On Quicken Loans

Quicken Loans is among the top three mortgage lenders in the U.S. operating in all 50 states in the nation. Founded in 1985, Quicken Loans announced in February 2018, that it became the nation’s largest residential mortgage lender with a total loan volume of $83.4 billion. In this our reviews on Quicken Loans, we’ll be bringing to you all those features that made them stand out among all other mortgage companies.

Areas Quicken Loans Operate

Like we mentioned earlier, Quicken Loans offers loans in al the 50 states in the US. It has over 17,000 employees based in offices throughout the country. Since its founding, Quicken Loans has emerged a large operation. You can now even get a loan in Puerto Rico or anywhere outside the U.S.

Reviews on How Quicken Loans Works

Obtaining a mortgage from Quicken Loans is not an issue of driving over to a local branch to register your application. The company developed an online platform known as Rocket Mortgage with a host number of representatives who are there to put you through your application process online.

The idea is to use Rocket Mortgage to obtain a mortgage, but Quicken Loans is the one to process the loan. They determine if you qualify for the loan and make sure the loan meets the required guidelines.

Reviews On Quicken Loans Mortgage Types

When you do decide to dive into the mortgage market, certainly you will need to decide what kind of mortgage you will be obtaining. This our reviews on Quicken Loans mortgage will list all the mortgage types that the company offers so that you can choose the type that will suit your goal. Below are the most popular loan options available at Quicken Loans;

Adjustable-Rate Mortgages

In this kind of mortgage offered by Quicken Loans, buyers get a low fixed interest rate and lower monthly payments for the first 5, 7, or 10 years. If you have an adjustable-rate mortgage, your loan terms will specify how many times your rate can change within the introductory period and the end of your loan. Also, the loan terms would specify the interest rate limit that your mortgage cannot exceed.


This is the type of mortgage that allows you to choose a custom term with a fixed interest rate from between 8 to 29 years that will fit your financial dreams. Under this loan platform, you can equally refinance up to 97% of your home’s value. Also, purchase a home with as little as 3% down.

FHA Loan

To qualify for an FHA Loan, you don’t really need a very high credit score. You may qualify for the loan with a lower credit score than other loan options. Likewise, a down payment as low as 3.5%. It is a government-insured loan and could be good for you when you have limited income.

30-Year Fixed Mortgage

This loan type allows your interest rate and monthly payments to stay the same for the entire term of the loan. The payments with such a stable fixed-rate are also lower compared to loans with shorter terms.

VA Loan

It is a loan that is backed by the Department of Veterans Affairs. Qualified veterans, service members, and surviving spouses can finance up to 100% of their loan and pay less at closing.

15-Year Fixed Mortgage

In this kind of mortgage, you actually pay off your loan faster. As a result, you pay less interest when monthly payments are spread over 15 years.

Jumbo Loans

Jumbo Loans offer you the chance to borrow a loan that exceeds a particular conforming loan limit in the area that you are buying. Mostly it is when you need a big loan in the region of $484,351 to $3,000,000. You can, therefore, save with a small interest rate.

FHA Streamline

This is the kind of loan that you get when you already have an FHA Loan but want a lower interest rate. The process of getting the loan requires just fewer steps from FHA loan and some certain documents also.

Reviews on Quicken Loans for Picking the Right Mortgage

Most importantly, before going for any mortgage option, you would need to match it with your financial goals. Below are a few things to consider before settling for a mortgage;

  • A consistent monthly payment
  • Lower rates &
  • A term that works for you.

Customer Reviews on Quicken Loans

Customer Reviews on Quicken Loans
J.D. Power/Rocket Mortgage

J.D. Power 2019 award information reveals that Quicken Loans is the highest in customer satisfaction in the U.S. [J.D. Power ratings are your guide to finding which products or services ranked highest in J.D. Power Consumer Studies].


With our reviews on Quicken Loans mortgage, we believe you are already equipped with everything you need to get a loan from the top three America’s lending company. No stress, just process everything online through Rocket Mortgage online platform, with customer representatives that are willing to support you 24/7. Helpful? Feel free to add a comment or questions in our co

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