![]() Thanks to the COVID-19 pandemic, many lenders were faced with the problem of how to continue with home purchases and refinances when in-person inspections, appraisals, and closings were no longer an option. And while VA loans have a reputation for taking longer to close than conventional loans, VA loans with Quicken usually close in about 46 days on average. You can get pre-qualified in a short period of time, and Quicken says it can make a decision about the loan within 14 days of receiving all documentation. You can start your application in multiple ways, either by phone, email, chat, or online with Rocket Mortgage. Get a Free Quote Quicken VA Loans Customer Serviceĭespite its size, Quicken Loans is known for its easy application process, smooth online interface, and excellent customer service. Quicken also offers a VA 5/1 adjustable rate mortgage.Īpply for a VA Loan with Quicken Loans. You can apply for fixed-rate loans in terms of 15, 25, and 30 years. Quicken will help you keep track of all the needed documentation, including helping you apply for a Certificate of Eligibility, one of the qualification requirements of a VA loan. With Quicken you can apply for just about any type of VA Loan, including purchase loans, rate and term refinance, cash-out and cash-in refinance, and jumbo loans.Īs part of the VA loan application process, you’ll need to submit a lot of paperwork. Quicken VA Loan Productsīecause VA loans are regulated by the Veterans Administration, there isn’t a lot of wiggle room in terms of product offerings. Today, Quicken is located in Detroit, employs over 19,000 people across the U.S., and is considered one of the best mortgage lenders in the country, providing a variety of loan products and excellent customer service. In 2015, Quicken launched Rocket Mortgage, one of the first fully online mortgage lenders, which by 2018 had become the largest mortgage originator in the country. Quicken flourished during the housing bubble of 2008-09 and, by 2014, had become the nation’s second-largest mortgage originator. ![]() The lender’s groundbreaking combination of a central office that could provide mortgage loan services to anyone anywhere in the United States defied the traditional concept of a mortgage lender. This eventually became Quicken loans in 2000. In January 1999, it launched an online mortgage lending website called. in 1987, RFC quickly became one of the largest mortgage lenders in the country. Quicken Loans was originally founded in 1985 as a traditional brick and mortar lender called Rock Financial. Quicken can help obtain Certificate of Eligibility As with most VA lenders, Quicken also doesn’t offer home equity loans or lines of credit, only mortgage purchase or refinance loans. That being said, Quicken may not be the best choice if you want to walk into a bank and sit down with a loan officer, as they have no branches. Quicken makes this process easier by assigning a dedicated loan expert to help keep track of the required documents and make sure you meet all eligibility requirements. Hawaii Alaska Florida South Carolina Georgia Alabama North Carolina Tennessee RI Rhode Island CT Connecticut MA Massachusetts Maine NH New Hampshire VT Vermont New York NJ New Jersey DE Delaware MD Maryland West Virginia Ohio Michigan Arizona Nevada Utah Colorado New Mexico South Dakota Iowa Indiana Illinois Minnesota Wisconsin Missouri Louisiana Virginia DC Washington DC Idaho California North Dakota Washington Oregon Montana Wyoming Nebraska Kansas Oklahoma Pennsylvania Kentucky Mississippi Arkansas Texas Get a Free QuoteĪpplying for a VA loan can be a complicated process. By 2019 Quicken became the first lender to offer eClosings in all 50 states. Further adding to its online arsenal Quicken introduced its eClosing program in 2017, allowing borrowers to close a mortgage loan one of three ways: an electronic hybrid closing, an electronic notarization, or a remote notarization. A pioneer in web and mobile-based tools, the company makes it easy to apply for either a purchase or refinance loan on its website, through its mobile portal Rocket Mortgage, or by phone if customers so choose. ![]() Quicken has also spent a lot of time developing its online presence. Power’s 2019 Primary Mortgage Origination Customer Satisfaction Study. In fact, the company is one of the few in the mortgage landscape to receive an “Among the Best” rating in J.D. When it comes to customer satisfaction, Quicken is better than most mortgage providers. A potential downside for certain customers are the lender’s lack of physical locations. The two big things Quicken has going for it is its excellent customer service and outstanding online tools.
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