In a Nutshell
For over 30 years, Quicken Loans mortgage has helped millions of Americans purchase a new home. The service provides mortgages directly including fixed-rate, adjustable rate, FHA loans, VA loans, and jumbo loans. Their friendly and knowledgeable mortgage experts are there to assist throughout the entire process.
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Great option for those short on downpayment
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High debt-to-income tolerance
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Higher origination fees than the national average
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Getting a customized interest rate requires credit check
Eligibility
Compared to other lending services, Quicken Loans has fairly flexible eligibility requirements. They factor your property location, credit score, loan-to-value ratio, and debt-to-income ratio when determining your rate and eligibility. Even those who have debt might still qualify, as Quicken Loans can help reduce payments with their higher debt-to-income (DTI) tolerance.
Repayment Terms
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Customizable 8-29 year fixed-rate conventional loan
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15 and 30-year fixed rate mortgage
Customer Support
Mortgage specialists at Quicken Loans are available to help every step of the way by phone or email. Quicken Loans also has a database of free resources available on its website, including a free mortgage calculator, home buyer’s guide, and learning center.