In a nutshell: For over 30 years, Quicken 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.



In the lending business for over 30 years, Quicken Loans has made it possible for over 2 million Americans to purchase a home. While many other lending services do not actually lend money themselves, Quicken Loans provides mortgage loans directly. Quicken Loans puts customers first and has achieved a consistently high satisfaction rate.

With Quicken Loans, prospective borrowers can take advantage of the many online resources available on the company website. Even before applying, customers can find out what to expect from their mortgage with the free mortgage calculator. The website also has informative guides, articles, and blog posts to help with financial planning.

Eligibility Process

Quicken Loans has a transparent application process, and prospective borrowers can find out their rates without sharing any personal details. The application asks a few basic questions such as the cost of the home, your approximate credit score, expected downpayment, and current debts. Once you submit the form, Quicken Mortgage will get back to you with your options. Mortgage experts are available to help throughout the process.

Compared to other lending services, Quicken Loans has fairly flexible eligibility requirements. Rates depend on the applicant’s credit score and outstanding debts. Even those who have debt might still qualify. Quicken Loans can help reduce payments with their higher debt-to-income (DTI) tolerance.

Fees & Rates

Because Quicken Loans has a range of mortgage loans available, rates vary based on the loan type and the length of the mortgage. With Quicken Mortgages, borrowers have the option of fixed-rate mortgages, adjustable rate mortgages, Federal Housing Administration (FHA) loans, VA loans (for US veterans), and jumbo loans, depending on their needs and qualifications.

As with most mortgages, applicants who do not pay a certain amount on their down payment may have to pay private mortgage insurance (PMI). This could tack on an additional payment each month and wind up costing thousands extra.

Repayment Terms

Quicken Mortgage offers both fixed and adjustable rate mortgages and refinancing loans. Applicants can sign up for 15 and 30 year fixed rate mortgages. Quicken Loans also has 5 and 7 year term loans. Terms and rates will depend on the applicant and which type of mortgage they accept.

Customer Support

Mortgage specialists at Quicken Loans are available to help every step of the way. Customers can easily get in touch through the online chat or phone support during business hours, Monday - Friday, 7:00 AM to midnight and on Saturdays and Sundays from 9:00 AM to 8:00 PM.

Before calling, be aware that Quicken Mortgage Loans will save your contact information and may send promotional updates. If you no longer want to receive marketing messages, make sure to opt out.

  • Assortment of mortgage loans
  • Free loan calculator
  • Fixed & adjustable rate
  • Direct lender
  • No home equity loans
Quicken Mortgage is a direct lender offering fixed & adjustable rate loans.


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Quicken Loans

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Joe Schwartz

Mortgage Loans Editor

Our chief content editor, Joe manages a diverse team of content writers. He holds a degree in online communications and his writing has been featured in a wide range of online publications.