Where does Guaranteed Rate do business?
Guaranteed Rate is a direct lender based in Chicago, IL. The company was founded in 2000 and offers mortgages to borrowers in 50 states (and Washington, DC).
How much can you borrow via Guaranteed Rate?
Guaranteed Rate allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What range of rates does Guaranteed Rate offer?
Guaranteed Rate offers home loans with APRs starting at 3.467% .
Does Guaranteed Rate charge a mortgage origination fee?
Yes, Guaranteed Rate may charge a loan origination fee.
What mortgage programs does Guaranteed Rate offer?
Guaranteed Rate offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does Guaranteed Rate allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Guaranteed Rate allows the following property usage types:
- Primary home
Other Services by Guaranteed Rate
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia