QuickenLoans Review 2023

If you are looking for a comprehensive QuickenLoans Review, then you have landed on the right page.

In this article, we will give you a detailed overview of this heavily advertised and leading mortgage lender called QuickenLoans.

Make sure to read till the end, so you do not miss anything crucial.



GuideQuickenLoans Reviews
FeaturesOnline process, customized loan options, and more
Minimum credit score580
Payout limit$3 million
Downpayment cost0% – 3%
Processing feeNot disclosed
WebsiteClick here

Key Takeaways

  • QuickenLoans is a fully digital mortgage lender and offers services in 50 states.
  • It offers loans like cash-out refinancing options, conventional loans, FHA loans, etc.
  • It offers quick pre-approval and easy document submissions, etc., on its user-friendly dashboard.
  • Customers have given it 4.6/5 stars on Trustpilot, and they offer unparalleled customer service.

Read Detailed Article How Do We Review A Mortgage Refinance Company?

What Is QuickenLoans?

What Is QuickenLoans?
What Is QuickenLoans?

QuickenLoans is the parent company of Rocket mortgage and is one of the best mortgage lenders globally.

QuickenLoans holds a stellar reputation online for its excellent mortgage solutions and service.

The lender offers a variety of refinancing and loan options, including cash-out refinancing options, conventional loans, FHA loans, etc., among many others.

QuickenLoans is also one of the oldest digital mortgage lenders.

So if you are someone who prefers a fully digital process instead of the traditional brick-and-mortar lenders, then QuickenLoans could be a great choice for you.

Also, know that QuickenLoans originate loans through Rocket Mortgage only; even when you will try to apply for it, it will redirect you to Rocket Mortgage.

Features & Services

  • QuickenLoans offers a variety of loan options and also customizable loan options.
  • It has a user-friendly dashboard, making it really easy to apply and get approvals.
  • Offers tools to upload documents and access your application with ease.
  • The loan options are flexible and are known for offering the lowest downpayment options.

Pros And Cons


  • Easy-to-use app.
  • Quick pre-approval and easy document submissions, etc.
  • Excellent customer satisfaction for 11 years.
  • Market Leader.


  • Requires hard credit inquiry for personalized rates.
  • Doesn’t offer USDA, HELOCs, bridge loans, home equity loans, construction loans, etc.

Read: 10 Best Debt Settlement Companies

Types Of Loans Offered

QuickenLoans offer the following types of loan options:

  • Conventional
  • FHA
  • VA
  • Investment property
  • Fixed-rate
  • Jumbo
  • Rate-and-term, cash-out, and streamline refinancing.
  • Adjustable-rate
  • Flex-term

Borrowing Requirement

Borrowing Requirements of Quicken loans
Borrowing Requirements of Quicken loans

Different lenders have different borrowing requirements. Let’s have a look at the borrowing requirement of QuickenLoans:

Minimum Credit Score

  • 620 for conventional loans
  • 580 for FHA loans
  • 680 for jumbo loans
  • 580 for VA loans

Minimum Down Payment

  • 0% for VA loans
  • 3.5% for FHA loans

Maximum Payout Cap

QuickenLoan offers up to a $3 million loan amount.

Lender Fees

If you want to know the rates, then you can visit their website to get an idea about the same. There is not much transparency about fees and rates.

Repayment Duration

QuickenLoan has something called the “YOURgage loan option,” which lets you customize your loan repayment term from 8 to 30 months.

State Availability

QuickenLoans is available in 50 states, but they do not have any physical offices; you will have to initially use your desktop to apply, then you will be able to access your profile anytime using your phone.

How To Apply?

How To Apply for QuickenLoans
How To Apply for QuickenLoans

You can simply visit the QuickenLoans website, apply for a loan and get pre-approval in minutes, as it gives you the option of uploading your documents with ease.

Just make sure to have the following documents handy if you are applying on QuickenLoans:

  • Employer and Income information
  • Email addresses of all the people on the loan
  • Your Social Security number
  • And lastly, your online banking password and username to check your savings, retirement, or any other statement.

Read: Rocket Mortgage Reviews 

NPC QuickenLoans Ratings

Customer Service4.8/5
Ease of use4.8/5
Mortgage options4/5

Customer Reviews And Ratings

QuickenLoans Customer Rating And Review
QuickenLoans Customer Ratings And Reviews
QuickenLoans Customer Ratings And Reviews

QuickenLoans has excellent online reviews and has consistently excelled in customer satisfaction over the course of 11 years.

It has a rating of 4.6 stars given by 19,379 customers on Trustpilot and a rating of 4.1 stars on ConsumerAffairs given by 1673 people.

Customer Support

If you have any queries or want to simply contact QuickenLoans to discuss your loan options, then you can call them at (800) 251-9080 this number during the following timings:

  • Monday to Friday from 8:00 am to 10:00 pm ET
  • Saturday from 9:00 am to 8:00 pm ET
  • Sunday from 10:00 am to 7:00 pm ET

You can also chat online during the following timings:

  • Monday to Friday from 7:00 am to 12:00 midnight ET
  • Saturday and Sunday from 9:00 am to 12:00 midnight ET

Our Experience

In order to know whether QuickenLoans is actually worth their salt, we got in touch with their representative to discuss the FHA loan option.

We appreciate how the representative listened to us patiently, then, after analyzing our situation and financial needs offered us a quote that was actually better than any of its competitors that we had previously talked to.

We applied for the loan online, and the entire application process went smoothly.

What Differentiates It?

The thing that differentiates QuickenLoans is its unparalleled customer service and high satisfaction score.

When it comes to this, nothing beats QuickenLoans. Even in terms of the easy online process and the customizable options, QuickenLoans is highly appreciated and appeals to a lot of people.


FeaturesOnline process, customized loan options, and moreOnline process, quick approval, and more
Minimum credit score580580 or above
Payout limit$3 millionNot available
Downpayment cost0% – 3%3% – 3.5%
Processing feeNot disclosedZero
Trustpilot rating4.8\52.8
BBB RatingNot accreditedA+

Read LenderFi Review

How We Review Mortgage Companies?

In order to review mortgage companies, we first check what all services it offers.

This includes the payout cap, types of loan options, minimum downpayment cost, etc.

Then we look for the online customer reviews and reputation the company holds, and lastly, we determine the price and fees of the company to review them.

Final Verdict

QuickenLoans is a great mortgage company and offers a variety of loan options. It has a payout limit of $3 million, and the downpayment cost requires a range from 0-3%.

However, it has not disclosed its fees and also, and it does not offer home equity loans or bridge and construction loans.

So if you are looking for the best company to help you out with one of these loans, then you should go for LoanDepot, which is our second-best rated company.

Rest all the things about QickenLoans and LoanDepot is pretty same as both need you to have a credit score of 580 or more, and both charge a minimum downpayment of 0-3%.

Frequently Asked Questions

Is QuickenLoans legit?

Yes, it is 100% legit and has been given an A+ rating by Better Bureau Business (BBB) and has been rated by more than 19000 customers on TrustPilot.

Where Does QuickenLoans Operates?

It operates in 50 states globally.

What is the Minimim Credit Score that I Need?

You should have a credit score of at least 580 points.

Does QuickenLoans offer support in Spanish?

Yes, they offer customer support in Spanish.

Is QuickenLoans the best mortgage lender?

If you are comfortable with a fully digital mortgage platform and only want the best service, then yes, QuickenLoans will serve as the best option for you.

NPC Overall Rating

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