Last Updated: 04/18/2025
SuperMoney User Recommendation Score +72
Strongly recommended18 total votes
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Highlights
Community Rating
Strongly recommended
Credit Score Range
Starting at 620
Amount Range
$100,000 - $2,000,000
No Origination Fee
Loan Term (Years)
5 - 30
Number of Reviews
Guaranteed Rate Home Mortgage Review
Guaranteed Rate Home Mortgage is offered by Guaranteed Rate (NMLS #2611), a direct lender founded in 2000 and based in Chicago, IL. Guaranteed Rate mortgage are available in 50 states and Washington, DC.
Key Takeaways
- Wide selection of mortgage programs offered. Guaranteed Rate Home Mortgage offers FHA, FHA 203k, HomePath, USDA, VA, jumbo, conforming, and conventional mortgages.
- Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
- Standard interest rates types. Guaranteed Rate Home Mortgage offers adjustable-rate mortgages and fixed-rate mortgages.
- Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- No origination fees. Guaranteed Rate Home Mortgage does not charge fees for processing your application.
- Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Guaranteed Rate Home Mortgage.
- Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for Guaranteed Rate Home Mortgage.
Guaranteed Rate Home Mortgage Pros & Cons
| Pros | Cons |
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Guaranteed Rate mortgage FAQ
How much can you borrow via Guaranteed Rate?
Guaranteed Rate mortgage allows borrowers to apply for loan amounts of up to $2,000,000. 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 is the maximum loan term you can get with Guaranteed Rate mortgage?
Guaranteed Rate mortgage offers mortgages with terms ranging from 5 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does Guaranteed Rate offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
No, Guaranteed Rate mortgage does not charge a mortgage origination fee.
Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Guaranteed Rate mortgage charge prepayment fees?
No, Guaranteed Rate mortgage does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.
What mortgage programs are available?
Besides conventional mortgages, Guaranteed Rate mortgage offers the following mortgage types:
- FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- FHA 203k: An FHA mortgage you can also use to finance home improvements.
- HomePath: Financing for the purchase and improvement of properties owned by Fannie Mae.
- Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency.
- USDA loans: A zero down payment mortgage loan with low mortgage rates for suburban and rural homebuyers. The USDA doesn't require a minimum credit score, but most mortgage lenders require a minimum credit score of 640.
- VA loans: A zero down payment mortgage or a refinance of up to 100% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.
What property usage types does Guaranteed Rate mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Guaranteed Rate mortgage allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
What is the customer service phone number?
The customer service number for Guaranteed Rate Home Mortgage is (866) 934-7283.
What is the support contact email?
The support contact email for is customercare@rate.com.
How do people rate the customer service and user experience?
Overall, this business is strongly recommended based on community reviews that rate customer service and user experience.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
8:00AM - 7:00PM
Tuesday
8:00AM - 7:00PM
Wednesday
8:00AM - 7:00PM
Thursday
8:00AM - 7:00PM
Friday
8:00AM - 7:00PM
Saturday
9:00AM - 2:00PM
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +72, or 4.4 on a 5-point rating scale.
+72
-1000+100
No one recommends
Everyone recommends
Guaranteed Rate Home Mortgage Community Reviews
Would you recommend Guaranteed Rate Home Mortgage to your friends?
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
Excellent lender; everything was done online, and they approved me the fastest. The best experience was having everyone be so helpful, kind, and quick to reply. I will definitely recommend them to anybody I know because it was such a pleasure working with them.
RL
Rin L.
Sep 3, 2022
May or may not recommend
The service isnt bad if you just want to try something, though this wouldnt be my go-to right away.
Line G.
Sep 2, 2022
May or may not recommend
Excellent lender; everything was done online, and they approved me the fastest. The best experience was having everyone be so helpful, kind, and quick to reply. I will definitely recommend them to anybody I know because it was such a pleasure working with them.
M.
Mayson .
Jul 27, 2022
May or may not recommend
This is a great option if you are looking for a bank that offers mortgages for multi-family properties.
i highly recommend them
SJ
Sachida J.
Jun 15, 2022
May or may not recommend
If you're looking for a home mortgage, you could do a lot worse than Guaranteed Rate. They're a large, well-established company with a good reputation. They offer a wide range of mortgage products, including fixed-rate, adjustable-rate, and government-backed loans. They're also one of the few companies that still offer 100% financing. The application process is straightforward, and you can apply online or over the phone. Once you're approved, you'll work ...Show More
Vanessa J.
Apr 12, 2022
May or may not recommend
It would be hard to recommend this company with the little insight that is listed about them online. I prefer a company with a strong consumer base before I decide to use them.
NW
Noam W.
Mar 31, 2022
May or may not recommend
The wide range of services that Guaranteed Rate offers is useful. They consider customers with a low credit score and don't charge an origination fee.
UA
Umair A.
Mar 1, 2022
May or may not recommend
It's good to know that they offer Fixed Mortgage rates. I would highly recommend entering into a fixed rate arrangement since it is a rising interest rate environment. A fixed rate today can hedge the interest rate hike in your favor.
AB
Akil B.
Feb 10, 2022
May or may not recommend
are The entire company is very customer service friendly. They have all service needs. Give them a try, I strongly recommended doing business with them.
SR
Santiago R.
Feb 7, 2022
May or may not recommend
I am looking for a home improvement loan, and I found that this company offers this mortgage option, with advantageous conditions.
There is no upfront fee (very important) and no early payoff.
The variable income interest rates are another of their strong points.
Des' M.
Jan 12, 2022
May or may not recommend
Whether you are a first time home buyer or a homeowner already, guaranteed rate home mortgage home purchase mortgages will help you find your way. I would recommend this site to anyone who needs help and wants a site that you can trust. It's all in the name "Guaranteed".
Candice L.
Jan 10, 2022
May or may not recommend
The application was too long and asked way too many questions. I would prefer to give minimal information and have an employee contact me than to give my whole life of personal information over their website. I also didn't like the website design. It wasn't appealing what so ever.
LH
Lashane H.
Jan 3, 2022
May or may not recommend
Love the fact that is you are unable to qualify on your own , you can add a cosigner or coborrower to help you qualify for better rates and terms
NM
Noria M.
Dec 30, 2021
May or may not recommend
I would have to say the company services are quite okay and offer service up to standard
MS
Mohammad S.
Dec 21, 2021
May or may not recommend
I definitely recommend Guranteed Rate Home Mortgage. They are highly viewed upon in all 50 states and they also have great deals! I am looking to purchase my first home soon and with no prepayment or origination fees this is looking like the best option!
Jacques De J.
Nov 18, 2021
May or may not recommend
Guaranteed Rate Home Mortgage is a top contender in all 50 states and Washington DC when comparing competitive home mortgage providers. As a new property owner, I appreciate the flexible credit score range and financing options. There are also never prepayment fees or origination fees which is not always the case.
BS
Bradley S.
Nov 18, 2021
May or may not recommend
Home mortgage can be confusing, so it was great that the team over at Guaranteed made it less complicated than it has to be. I really appreciated how easy it was to get a quote and get started with the process, and to not be overwhelmed with window shopping!
MG
Moneena G.
Nov 16, 2021
May or may not recommend
I am hesitant to recommend this company simply because there are no reviews for the team itself; however, what the company offers is promising. You can take out loans with a credit score of 620, avoid having to pay an origination fee, take out loans up to $2,000,000 and pay at a reasonable price. While these are appeasing to new customers, the lack of reviews can deter a few because ...Show More
Showing 18 of 18 reviews
