That speeds up the process and takes some of the administrative burden off your shoulders.īut technophobes aren’t excluded. And its back-office functionality can automatically verify much of the information you provide in your online application. Rocket lets you carry out even more tasks online - including e-signing your loan documents. If you enjoy technology, Quicken’s Rocket Mortgage offering will be particularly appealing. And it’s largely maintained its lead ever since. Quicken Loans was one of the first companies to offer web-based mortgage borrowing at the turn of the century. So you might have to look elsewhere if your credit score is low or if you’re burdened by a high debt-to-income ratio (DTI). Quicken also seems to prefer dealing with mainstream customers rather than those who need special help. However, if you prefer an in-person experience, this lender won’t be for you. Quicken also backs its online tools with real-live mortgage experts, ready to provide advice over the phone or by email. So, just how does Quicken keep up its stellar reputation? In short, by streamlining the mortgage application process using technology. Power’s mortgage customer survey for 11 years in a row. It’s also taken home the top customer satisfaction score in J.D. Quicken consistently tops customer satisfaction charts, has an A+ rating from the Better Business Bureau, and claims 96% of its customers say they’d recommend it to others. Start here (Jul 18th, 2022) Quicken Loans mortgage review for 2022 So if you’re hoping for a streamlined refinancing process, this lender might be worth a closer look. Note that Quicken is also a top-rated company for customer satisfaction and many love its digital Rocket Mortgage platform. So you can use the comparison table above as a guide if you’re looking to refinance into a lower rate with Quicken. Quicken Loans refinance rates are on par with its home purchase rates. Start here (Jul 18th, 2022) Quicken Loans refinance rates That way, you can see which lender is really the best deal for you when all the costs are tallied up.Īverage rate and fee data are sourced from public records required by the Home Mortgage Disclosure Act (HMDA). It’s important to note that Quicken’s advertised rates usually assume you’ll “buy down” your interest rate using discount points.Īs with any lender, make sure you get written, formal quotes which include closing costs and fees. But you can use it as a tool to compare lenders side by side. Mortgage interest rates change regularly, so this table does not reflect the rates you’re likely to be offered. Quicken mortgage rates were a little lower than average in 2020 (the most recent data available).

This article will remain on the site for archival purposes. For the most up-to-date information on this company, see our Rocket Mortgage review. Is Quicken the best mortgage lender for you?Įditor’s note: As of July 31, 2021, Quicken Loans has merged under the Rocket Mortgage brand name.Where can you get a mortgage with Quicken Loans?.Mortgage loan products at Quicken Loans.Quicken Loans ratings and customer service reviews.

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