Quicken loans rates and closing costs

 

quicken loans rates and closing costs

PROS / Quicken Loans has a program where it pays private mortgage insurance for people who have less than a 20 percent down payment.

 VERDICT / Quicken Loans offers conventional and government-program mortgages and refinancing options for loans from eight to 30 years. Its rates vary greatly by loan situation, so it's best to call a loan officer, but its willingness to work with higher debt-to-income ratios and special programs make it an excellent choice.

Quicken Loans offers flexible programs designed to help you get a home loan that meets your financial needs. Its rates and fees are highly dependent on the loan situation, so it's best to contact a loan agent for the most accurate interest rates.

Quicken loans rates and closing costs

Phone: (313) 373-3000 Fax: (734) 805-7073 View Additional Phone Numbers 1050 Woodward Ave , Detroit , MI 48226 View Additional Email Addresses http://www.quickenloans.com View Additional Web Addresses

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PROS / Quicken Loans has a program where it pays private mortgage insurance for people who have less than a 20 percent down payment.

 VERDICT / Quicken Loans offers conventional and government-program mortgages and refinancing options for loans from eight to 30 years. Its rates vary greatly by loan situation, so it's best to call a loan officer, but its willingness to work with higher debt-to-income ratios and special programs make it an excellent choice.

Quicken Loans offers flexible programs designed to help you get a home loan that meets your financial needs. Its rates and fees are highly dependent on the loan situation, so it's best to contact a loan agent for the most accurate interest rates.

Quicken Loans, based in Detroit, Michigan, is the leading privately owned mortgage lending company in the United States. In fact, Quicken was the third largest retail mortgage originator in the country in the first quarter of 2013 and originated over $70 billion in mortgage loans in 2012 alone. Quicken Loans offers mortgage rates for many types of loans to credit worthy borrowers. Quicken Loans offers competitive interest rates on 30 Year Fixed, 15yr Fixed, 5/1, 7/1 ARMs as well as VA Loans and FHA Home Loans.

The company's history dates back to 1985, when Dan Gilbert and Ron Berman founded Rock Financial Mortgage. In 1998, Rock Financial had its Initial Public Offering (IPO), and Intuit bought the company in 1999 and renamed it Quicken Loans. Dan Gilbert and a group of investors bought Quicken Loans back in 2002, and though it is no longer associated with Intuit's Quicken brand, the company is allowed to operate under that name. Today, Quicken Loans and its sister companies, One Reverse Mortgage and Title Source, employ over 10,000 people.

Although Quicken Loans is a national company with a well-known brand, it remains strongly committed to Detroit, Michigan. Over 8,000 of its employees are located in Detroit, and the company's owner, Dan Gilbert, has taken many steps to held rebuild the city through Rock Ventures, the parent company of Quicken Loans and its sister companies.

The Quicken Loans site is easy to use and offers multiple options to borrowers looking for information on refinancing their mortgage. Visitors to the Quicken Loans mortgage refinance page find the headline "Pay off Your Mortgage Faster or Lower Your Monthly Payment". You're plunged right into business at hand, with an educational slate of mortgage refinance links to get you up to speed. It seems that these people are in a hurry to help. They have an A+ rating with the Better Business Bureau and claim high customer satisfaction.

Quicken Loans offers decent interest rates, and they do list them at their site. As interest rates are subject to change, the best way to get an accurate rate quote from Quicken is to call their toll-free number and talk to a Quicken mortgage refinance specialist.

They charge a standard underwriting fee as part of your closing costs of just over $1,000. In some cases, there is an application fee, which is unusual. It's worth requesting that you are not charged an application fee.