Refining the Home Loan Process —
Convenient, Fast and Customized Loans
Mortgage rates — fixed and adjustable, mortgage terms, cash-out refinancing... all of this can be confusing, even overwhelming. At Quicken Loans, we work with you to simplify the mortgage process. Our convenient online process allows you to get all of the information you need fast. Quicken Loans works with you to find the right loan.
- We close loans in all 50 states.
- We can process your mortgage in as few as 15 days.
- No matter what your schedule, we will come to you to sign final paperwork.
- Track your loan online every step of the way, with email or phone alerts — if you want them.
Take Advantage of Today's Market —
We Have the Loan That is Right for You
Save time and money, and get expert advice from a Quicken Loans specialist. Whether you need a 30-year fixed rate or an FHA loan, Quicken Loans will help you find a home purchase loan or refinance loan that's right for you.
30-Year Fixed-Rate Mortgage
The 30-year fixed-rate mortgage is our most popular home purchase and refinance loan. If you are planning to stay in your home for at least ten years, a 30-year fixed-rate mortgage will provide both
security and
mortgage payment stability.
Historic low rates on fixed-rate mortgages, will give you the peace of mind in knowing that your mortgage payment will start and stay low over the next 30 years!
Talk to a Quicken Loans expert and learn how you can benefit from a fixed-rate loan.
Looking to buy a home? With a fixed-rate mortgage, you can
put down as little as 5%! That means, that if you cannot afford the full 20% for a down payment, you can still get a low mortgage rate and the security that your mortgage payment will not change.
Looking to refinance? A fixed-rate mortgage allows you to
refinance up to 95% of your home value. Alternatively, you may also
refinance up to 90% AND take out cash or pay off debt that does not offer tax incentives.
(Please consult your tax advisor.)
15-Year Fixed-Rate
The 15-year fixed-rate mortgage appeals to prospective homebuyers that plan on living in their home less than 15 years or want to pay their mortgage off fast. Mortgage rates on 15-year fixed-rate home purchase or refinance loans are lower and allow borrowers to pay much less interest than longer terms.
Talk to a Quicken Loans expert and learn how you can benefit from a 15-year fixed-rate loan.
Looking to buy a home? With a fixed-rate mortgage, you can
put down as little as 5%! That means, that if you cannot afford the full 20% for a down payment, you can still get a low mortgage rate and the security that your mortgage payment will not change.
Looking to refinance? A fixed-rate mortgage allows you to
refinance up to 95% of your home value. Alternatively, you may also
refinance up to 90% AND take out cash or pay off debt that does not offer tax incentives.
(Please consult your tax advisor.)
30-Year FHA Home Loan
A FHA home loan is one of our most popular home purchase products. With a FHA loan,
you can put down as little as 3.5% of the value of your home, which is one of the lowest down payments in today's market!
Insured by the Federal Housing Administration (FHA), these mortgages allow more borrowers with
low or no credit to qualify for a loan under the flexible credit guidelines. FHA loans allow higher debt-to-income ratios than permitted by typical insurers. This makes FHA loans the
first choice for first-time homebuyers, giving them more home for their money.
There is no maximum income level with FHA programs; however, county-specific maximum home loan amounts apply.
Talk to a Quicken Loans expert and learn the specific requirements for the county in which you are looking to finance a house.
5-Year ARM
If you are looking for the
lowest rate and monthly payment, you may now benefit from our
historic low rates for adjustable-rate mortgages (ARM). A
5-year ARM makes sense for prospective homebuyers who are planning to stay in their home for less than five years.
During the fixed term of the loan, an ARM typically offers a lower rate and lower monthly payments compared to a fixed-rate mortgage. Interest rates may adjust after the fixed-rate period of 5 years. You would want to ask for an adjustable-rate mortgage offered with an
interest rate cap to limit the amount by which the interest rate can adjust. Example: With a 2% interest rate cap, a mortgage rate could only rise 2% above the initial fixed rate, regardless of the life of the mortgage.
Homebuyers that decide to stay in their home beyond the fixed term of their ARM generally refinance before the ARM adjusts to avoid higher payments.
Talk to a Quicken Loans expert and find out how to qualify for a low rate and payments of a 5-year ARM.
Jumbo Loans
Jumbo loans are mortgages above the conforming loan limit of
$417,000. The conforming limit is set every January and varies on a county-by-county basis.
Jumbo loans paired with historic low rates, can bring greater financing flexibility for prospective homebuyers looking to purchase the homes of their dreams. Quicken Loans now offers lower mortgage rates and more choices on mortgages up to $2 million.
Jumbo loan options include
15- and 30-year fixed-rate mortgages as well as
ARM, or FHA loans with up to 97% financing. Talk to a Quicken Loans expert and learn if your county qualifies for lower rates on some jumbo loans.
Reap Financial Rewards with a Partner You Can trust
In today's market, choosing the right mortgage company matters more than ever. That is why it is important for you to know that Quicken Loans is an experienced, reputable and trustworthy company, named America's largest online lender by National Mortgage News.
Why Choose Quicken Loans?
- 9 out of 10 of our loyal clients would recommend us to their friends and family.
- We have more than 24 years of mortgage lending experience.
- We make it happen — we funded over $19 billion in loans in 2007.
- We are your Lender for Life®. Even after you close, we will continue to find ways to improve your finances and reward you.
- We will return your calls by the end of the day.
- Our mortgage expertise has earned us Quicken Loans Yahoo! Answers Knowledge Partner status.
- We've been ranked in the Top 30 of FORTUNE Magazine's Best Places to Work in America for 6 years running! We are especially proud to be the only mortgage company on the list for 2009.