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Quicken Loans Review
Quicken Loans Review
November 03, 2023 / Nadav Shemer
Quicken Loans Review
November 03, 2023 / Nadav Shemer
America’s largest mortgage lender
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At a Glance

Quicken Loans® is a one-stop hub connecting users with lenders and financial solutions for everything from home purchase to home equity loans. With options for consumers in all 50 states, all it takes is a few simple questions to get personalized recommendations for providers that meet your individual needs.

Key Figures

Loan types: Purchase, Refinance

Loan products: Varies by lender

Minimum credit score: Varies by lender

Repayment terms: Varies by lender


  • 100% online applicationFree mortgage calculators
  • Wide range of loan options
  • Personalized recommendations for $0


  • No direct lending services, but connects users with recommended lenders

A cornerstone in helping Americans achieve their dream of homeownership, Quicken Loans is a comprehensive online platform that serves as a matchmaking service, connecting individuals with mortgage lenders that suit their needs. Quicken Loans is dedicated to providing personalized recommendations, enabling users to compare lenders and select the best fit for their unique financial situations, all for $0.

In addition to its streamlined lender matching services, Quicken Loans offers a range of invaluable resources, including free mortgage calculators, extensive educational content, and guidance on various financial products beyond mortgages.

How It Works

Head to and complete a brief form to give them an idea of your financial background and what type of loan you’re looking for. Don’t worry, this only takes a few minutes and you won’t be asked anything too invasive or difficult.

Once done, Quicken Loans will match you with recommended lenders based on the information you provided. Compare the lenders side-by-side and connect with your favorites to learn more about their rates, terms, and get a personalized quote.

Types of Loans

Although Quicken Loans does not originate loans themselves, they can connect you with lenders that provide a wide range of loans for different situations.

Purchase options may include:

  • Conventional Loan - Conforming loan with as little as 3% down payment (with monthly private mortgage insurance requirement until you hit 20% equity)
  • Jumbo Loan - Loan from conforming limit for up to $2 million, with minimum credit score requirement of 680.
  • FHA Loan - Government-backed loan with 3.5% down payment, with minimum credit score requirement of 580.
  • VA Loan - For qualifying service people and veterans, with minimum credit score of 620 and zero down payment requirement.
  • USDA Loan - For people in qualifying rural areas, with a minimum credit score of 620 and zero down payment requirement.

Refinance options may include:

  • Conventional Rate-and-Term Refinance - For refinancing up to conforming limit; maximum CLTV is 97%.
  • Cash-Out Refinance - Alternative refinance that lets you cash out the difference between the new loan amount and what you owe on the home.
  • FHA Refinance - Various FHA-backed refinancing options, including streamlined and cash-out refinancing. May include no income verification, and no home appraisal requirement.
  • VA Refinance - Various VA-backed refinancing options, including streamlined Interest Rate.
  • Reduction Refinance Loan (IRRRL) and VA cash-out refinance - If you currently have a VA loan, you can refinance up to 100% of your home’s value to get cash out.

Loan Features

Specifics vary from lender to lender, but Quicken Loans could connect users with providers that offer a wide range of flexible repayment terms, as well as has low down payment options. There are also options for users with a range of credit scores and DTI ratios.


Quicken Loans® focuses on matching individuals with the most suitable mortgage lenders, offering a plethora of financial guidance and resources, all for $0. They may not have direct lending services, but nobody can claim to beat Quicken when it comes to a simple, stress-free, and streamlined way to compare and connect with lenders. The word ‘quick’ in Quicken Loans really does hit the nail on the head: this is one of the quickest ways to find a provider for your unique financial needs.

Contact Quicken Loans

Have questions? Email us at

4859 W Slauson Ave #405 Los Angeles, CA 90056

Get started now, visit Quicken Loans

Get started now, visit Quicken Loans
By Nadav Shemer
Nadav Shemer specializes in business, tech, and energy, with a background in financial journalism, hi-tech and startups. Nadav writes for He enjoys writing about the latest innovations in financial services and products.
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