VA loans have certain definite benefits for veterans and current service members. Loans do require an origination fee of 1% to 6% of the loan amount, which is deducted from the loan proceeds. Interest rates are based on your credit history, income, and other factors, and currently range from 5.983% to 29.99% APR. You can borrow up to $35,000 with a term of 36 or 60 months. Personal loans are fixed-rate installment loans, and completely unsecured. You can borrow money for debt consolidation, home improvement, buying or repairing a car, to cover medical expenses, make a large purchase, or even for business expenses. One of the benefits of working with a large lender like Quicken Loans is that they do have other loan products that may be of interest to you. It’s not a game-changer, but it does simplify the process. So not only will you be able to get your loan through Quicken Loans, but you’ll also make your payments there as well. But Quicken Loans services 99% of their loans in-house. If you’ve ever previously had a mortgage, you’re probably accustomed to the loan being sold off to another service, either immediately, or later in the term. Live chat is available Monday through Friday, 7:00 AM to midnight, and Saturdays and Sundays, 9:00 AM to midnight. Phone support is available Monday through Friday, 9:00 AM to midnight Saturdays, 9:00 AM to 8:00 PM, and Sundays, 9:00 AM to 10:00 PM. They also offer customer service in Spanish. Customer service is available by phone, online chat, or e-mail through the website. Here are some sample rates you can view, also, including rates from some of the top VA Loan providers in the country: Other Quicken Loan ServicesĬustomer service. You can lock your interest rate for 90 days while you shop for a new home.

Home affordability calculator – allows you to calculate the maximum home price you can afford to buy.Amortization calculator – not only shows you the split between principal and interest on your monthly payments but also shows you how you can save money by making extra payments.Purchase mortgage calculator – letting you know how much your mortgage payments will be.Refinance mortgage calculator – calculate your new monthly payment based on different loan amounts and programs.Quicken Loans offers a variety of mortgage calculators to help you determine the mortgage you can qualify for. Loan are available in fixed-rate mortgages, adjustable-rate mortgages (ARMs), purchases, streamline refinances, and reverse mortgages. Conventional, Jumbo, USDA loans, FHA, and VA mortgages. They provide educational information, as well as calculators and other tools to help you work through the mortgage process. In addition to providing mortgage loans, Quicken Loans is also a full-service mortgage resource. When you apply for a mortgage through Quicken Loans, you’ll be completing the process through Rocket Mortgage. The company launched Rocket Mortgage in 2016, as one of the first all-online mortgage lenders in the country. They offer mortgage loans in all 50 states. The company closed more than $400 billion in mortgage loans between 20. Headquartered in Detroit, Michigan, Quicken Loans began as Rock Financial in 1985 and remains a subsidiary of Rock Holdings, Inc.īut it has since grown to become the largest mortgage lender in America (as of January 2018). If you need mortgage financing – particularly a VA loan – Quicken Loans is an excellent place to start. In doing so, they have streamlined the mortgage process, reduced the time needed to process loans, lowered the paperwork requirements, and made the entire process easier for borrowers. Mortgage personnel are often difficult to get a hold of.īut Quicken Loans has moved the entire process online. The industry has a long history of being slow and paperwork intensive. Quicken Loans is disrupting the mortgage industry.

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