Quicken Loans Home Mortgage
Quicken Loans Home Mortgage
in Home Loans from Quicken Loans · NMLS ID #3030

Quicken Loans Home Mortgage

in Home Loans from Quicken Loans · NMLS ID #3030
SuperMoney Net Recommendation Score +81  


This product is strongly recommended by SuperMoney users with a score of +81, equating to 4.6 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

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0 reviews
Community Rating Strongly recommended
Loan Amount Up to $3,000,000
Loan Term (Years) 8 - 30 years
Credit Score Range 620 - 850
No Origination Fee N/A
Number of Reviews 37

Quicken Loans Home Mortgage Review

Quicken Loans Home Mortgage are offered by Quicken Loans (NMLS #3030), a direct lender founded in 1985 and based in Detroit, MI. Quicken Loans Home Mortgage are available in 46 states (and Washington, DC).

Key Takeaways

  • 7 different mortgage programs offered. Quicken Loans Home Mortgage offers FHA, USDA, VA, jumbo, conforming, and conventional mortgages.
  • Financing for single-family and multi-family properties. However, Quicken Loans does not offer financing for manufactured homes.
  • Non-standard interest rates available. Quicken Loans Home Mortgage offers adjustable-rate mortgages, hybrid mortgages, and fixed-rate mortgages.
  • Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • Origination fees of up to 3.6%. This is on the high end when compared to the other lenders SuperMoney tracks. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
  • Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Quicken Loans Home Mortgage.
  • Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for Quicken Loans Home Mortgage.

Quicken Loans Home Mortgage Pros & Cons

Pros Cons
  • Considers applicants with fair credit.
  • Offers financing for both single and multi-family homes.
  • Available in 46 states.
  • Charges an origination fee of up to 3.6% of the loan amount.
  • Charges prepayment fees.

Quicken Loans mortgage FAQ

How much can you borrow via Quicken Loans?

Quicken Loans mortgage 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 is the maximum loan term you can get with Quicken Loans mortgage?

Quicken Loans mortgage offers mortgages with terms ranging from 8 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 Quicken Loans 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?

Yes, Quicken Loans mortgage may charge a loan origination fee of 0.5% to 3.6% of the loan amount.

What mortgage programs are available?

Besides conventional mortgages, Quicken Loans 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%.
  • Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency ($726,000 as of 2023).
  • 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 120% 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 Quicken Loans mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Quicken Loans 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 Quicken Loans Home Mortgage is (800) 251-9080.

What is the support contact email?

The support contact email for is

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.

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Message From Our Editor

What We Love About Quicken Loans

By focusing exclusively on the mortgage industry, Quicken Loans can offer a selection of unique mortgage products and customized solutions, such as adjustable term options, giving homebuyers flexibility in the length and other terms of their mortgage. Quicken focuses on empowering consumers to become better borrowers by providing them with lending solutions that fit their needs.

Rocket Mortgage is another new feature from Quicken that we love. This is their online mortgage option, and part of the reason we love it is that it is kept completely separate from the standard mortgage process. Borrowers can apply for, complete paperwork for, and finalize a mortgage loan entirely online, saving the hassle of finding and traveling to a branch.

What Could Quicken Do Better?

Although the company tried to set itself apart by offering better solutions for home buyers, this seems to be able to backfire in some instances. For example, while Quicken claims to have the best interest rates in the industry, they may reserve those only for borrowers with near-perfect credit and ideal lending conditions. Not only that, but they sometimes have additional fees and costs that end up adding up to much more than people anticipated. More transparency would be nice, but all in all, they’re pretty typical as far as mortgage lenders go.

Quicken Backstory

Started by Intuit, Quicken Loans was repurposed after purchase in 2002 by Dan Gilbert. Since then, the company has remained privately-held and has kept high business and customer satisfaction ratings. In fact, the company was at the top of the JD Power Customer Satisfaction Ranking from 2010 to 2015. Headquartered in Detroit, the company has offices in Cleveland and other cities, as well.

The Verdict

Quicken Loans is trying to differentiate itself as a mortgage lender. In most cases, this works, but those with bad credit might not find as many options here.


  Available in 46 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arkansas
  • California
  • Colorado
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Origination Fee (%) 0.5% - 3.6%
Credit Score Range 620 - 850
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Intended Use
  • Primary Home
  • Secondary Home
  • Investment
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
  • Individual Applications
Minimum Down Payment 0% - 10%
Property Type
  • Single Family Home
  • Townhome
  • Multi-Family Home
Primary Residence
Mortgage Features Cash-Out Refinance
Loan Amount Up to $3,000,000
Loan Term 8 - 30 years
Interest Rate Types Offered
  • Hybrid Mortgage
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs
  • FHA
  • USDA
  • VA
  • Jumbo

Quicken Loans Home Mortgage Community Reviews


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This product is strongly recommended by SuperMoney users with a score of +81, equating to 4.6 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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