Last Updated: 01/06/2026
SuperMoney User Recommendation Score +93
Strongly recommended43 total votes
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Highlights
Community Rating
Strongly recommended
Credit Score Range
Starting at 620
Amount Range
$25,000 - $3,000,000
Loan Term (Years)
8 - 30
Number of Reviews
Quicken Loans Mortgage Refinance Review
Quicken Loans Mortgage Refinance is offered by Quicken Loans (NMLS #3030), a direct lender founded in 1985 and based in Detroit, MI. Quicken Loans refinance are available in 46 states and Washington, DC.
Key Takeaways
- No-closing-cost mortgages available. This option allows you to include the closing costs into the new loan, so you don't pay for these expenses upfront.
- Origination fees of 0.5% to 1%. This is on the low end for lenders that charge an origination fee. However, plenty of lenders don't charge an origination fee.
- Instant online preapprovals. Find out how much you can borrow and what your interest rate will be.
- Wide selection of mortgage programs offered. Quicken Loans Mortgage Refinance refinances 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.
- Refinancing for large mortgages. You can refinance mortgages with balances of up to $3,000,000 with Quicken Loans Mortgage Refinance.
- Standard interest rates types. Quicken Loans Mortgage Refinance offers adjustable-rate mortgages and fixed-rate mortgages.
- Considers personal use and investment properties. Refinancing available for primary residences, secondary homes (e.g. vacation properties), and even investment homes such as rentals.
- Fast process. In some cases you can refinance your mortgage loan within 7 business days.
- Cosigner applications accepted. Applying for Quicken Loans Mortgage Refinance with a cosigner can improve your chances of approval and help you qualify for lower interest rates.
- Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for Quicken Loans Mortgage Refinance.
- High maximum DTI ratio. Quicken Loans Mortgage Refinance requires a debt-to-income ratio of less than 50%. This ratio includes all your monthly debts, not just your proposed mortgage payment. Typically, lenders have a maximum DTI of 43% or lower.
Quicken Loans Mortgage Refinance Pros & Cons
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Quicken Loans Mortgage Refinance FAQ
What range of mortgage balances will Quicken Loans refinance refinance?
Mortgage refinancing loans start at $25,000 and go up to $3,000,000
What is the maximum loan term for a mortgage refinance via Quicken Loans refinance?
The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Quicken Loans Mortgage Refinance offers mortgage refinancing with terms ranging from 8 to 30 years.
How long does Quicken Loans refinance take to refinance?
Quicken Loans refinance does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.Does Quicken Loans refinance charge a mortgage origination fee?
Yes, Quicken Loans Mortgage Refinance will charge a loan origination fee of 0.5% to 1% of the loan amount .
Does Quicken Loans refinance charge prepayment fees?
No, Quicken Loans Mortgage Refinance 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 does Quicken Loans refinance offer?
Quicken Loans Mortgage Refinance 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%.
- Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- 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 Quicken Loans refinance allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Quicken Loans Mortgage Refinance allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +93, or 4.9 on a 5-point rating scale.
+93
-1000+100
No one recommends
Everyone recommends
Quicken Loans Mortgage Refinance Community Reviews
Would you recommend Quicken Loans Mortgage Refinance to your friends?
AN
Amanda N.
Apr 1, 2022
May or may not recommend
My family used Quicken loans before for a refinance. I would highly recommend them. Everything is all online to view and easy.
CK
Cloud K.
Mar 29, 2022
May or may not recommend
Their online approval process offers convenience, with online document upload, loan tracking and the ability to generate a custom approval letter.
TB
Tabbitha B.
Mar 4, 2022
May or may not recommend
Quicken Loans is a reliable way to refinance your mortgage! No more having to find a bank that has great annual fees for whatever amount your are refinance!
TW
Tyra W.
Feb 3, 2022
May or may not recommend
Quicken Loans have low interests rates. This is great because when you need a loan the last thing that you need is a high-interest rate. Go quicken loans!
RC
Ryan C.
Jan 5, 2022
May or may not recommend
I heard about this. After reading what is here I see why it is strongly recommended.
ES
Eric S.
Dec 16, 2021
May or may not recommend
If you want an easy and quick way to help pay bills. Then you are in the right place and don't need to look any further. Quicken Loans is very easy and reliable with any of your needs.
EA
Emily A.
Aug 27, 2021
May or may not recommend
If you're looking to refinance a large mortgage, Quicken Loans is definitely a good place to start.
FC
Florencia C.
Jul 22, 2021
May or may not recommend
Quicken Loans is a great option for your mortgage refinance needs. You can tell that the people working there are professionals that provide efficient service. Now there's even a program that allows costumers to close their loans electronically! You can even get cash for your home, lower your payment faster than ever.
LC
Lacey C.
Jul 19, 2021
May or may not recommend
Quicken Loans is very easy to work with. We did not end up refinancing our mortgage, but we spoke to a real live person who made it very easy to understand the process.
SZ
Sophia Z.
Jun 16, 2021
May or may not recommend
Many people I know have used Quicken Loans, I have heard nothing but good things. They are extremely helpful and it was a smooth process.
AH
Anzhell H.
Jun 4, 2021
May or may not recommend
My parents used quicken loans to get their house refinanced it was actually a smooth process quicken loans really came through for them
Anthony C.
Jan 24, 2021
May or may not recommend
I love the fact that Quicken services every mortagage product from FHA, VA, to conventional loans for refinancing. There online chat and customer service is top notch. It also takes less time to close on a refinance or new construction loan as their process is mostly online. I recommend Quicken as they offer flexible programs for first time buyers in the marketplace.
NC
Nick C.
Jan 21, 2021
May or may not recommend
The refinancing process was so easy and convenient with Quicken. I've never had such a great experience with a company before this one. I was extremely impressed with them, and I highly recommend them.
Sade A.
Jan 7, 2021
May or may not recommend
I was very pleased with the refinance experience with Better. The online portal for uploading documents and keeping track of the process was the best I have seen. Required very little time in talking back and forth with representatives. Better was accountable for some process delays (as the rate lock was going to expire). Better extended the rate lock at their cost. Totally amazing . I was impressed. I highly ...Show More
JA
Jacob A.
Dec 23, 2020
May or may not recommend
By far, no company holds a candle to Quicken Loans. A speedy, effective company that takes every aspect of want you to want but rather what you need—working above and beyond to provide the best and impeccable service. I was impressed from start to finish.
CS
C S.
Dec 22, 2020
May or may not recommend
If you're looking to refinance, then you should always get a quote from quicken loans first. There are hundred of companies offering refinancing and sometimes the smaller companies make it seem like they offer a competitive rate, but in the end Quicken Loans still has them beat. I spent so much time talking to telemarketers and loan officers just to find that Quicken had the best offer all along. I ...Show More
MM
Mariah M.
Dec 15, 2020
May or may not recommend
I did a refinance with Quicken Loans on my old house, and I was quite satisfied with the whole process. Something that works in Quicken’s favor is their speed. Seconds after I had filled out the initial loan application, I received a call from a Quicken loan officer. Their loan officers were knowledgeable and efficient and made the refinance process painless and easy.
OJ
Okunola John W.
Dec 11, 2020
May or may not recommend
Just as the name implies, it is quick loan indeed. The firm refinancing tool gave me low interest rate and I got the loan in record time. I get loans to support my business often, I got my quickest loan from Quicken loans. Highly recommended to anyone in need of loans though they charged me 1% the loan.
AK
Abdirahin K.
Dec 1, 2020
May or may not recommend
Quickest loans is by far the best and quickest one I used I recommend this for anyone looking for a loan.
DO
Dahunsi O.
Nov 18, 2020
May or may not recommend
Quicken Loans has always set itself apart for its ability to embrace new technologies to make customers' lives easier. The company's mortgage refinancing tool allowed me to get a loan quickly and I was able to capitalize on low market interest rates to apply in good time. I loved their personal help service as well.
Showing 20 of 43 reviews
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