Quicken Loans

Quicken Loans Reviews

Quicken Loans Reviews

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Overall Rating4.6 out of 5
See all 24 reviews & ratings

About Quicken Loans

On November 1, 2023, Quicken Loans came under the control of LMB OpCO, and is now a financial marketplace platform connecting consumers with a wide range of services, including mortgages, personal loans, home services, auto loans and more. Quicken Loans says it aims to simplify the process of choosing the right loan, by providing the information needed to make confident borrowing decisions.

Pros & Cons


  • Free tool
  • Compare multiple options
  • Personalized recommendations


  • Doesn’t work with all companies

Bottom Line

Quicken Loans offers a comparison tool for personalized financial solutions like loans and credit cards. It works with a network of partner lenders to show you offers. Additionally, it provides company comparison information for home services and insurance. It is free to compare offers.

What is Quicken Loans?

Quicken Loans is an online, third-party marketplace connecting you to lenders and financial solutions. Solutions are available for needs like mortgage refinancing and personal loans. Other comparison solutions include:

  • Credit cards
  • Auto loans
  • Insurance
  • Home services
  • Personal finance

Because Quicken Loans works with a number of companies, you can compare services, rates and other solutions in one spot. This makes finding a lender for your specific financial needs easier.

How does Quicken Loans work?

If you’re looking for cash or loan options, Quicken Loans starts with a short, one-minute quiz about financial need. To compare lenders, you enter information like what the money is going to be used for, when you will use it, credit score estimate, ZIP code, residential history and employment status. With this information, Quicken Loans provides personalized offers from a variety of lenders.

Getting initial offers from Quicken Loans doesn’t impact your credit score, and it is free. If you select a lender and apply directly, the lender will do a hard inquiry on your credit, which temporarily lowers your score. Lending terms and interest rates vary based on your financial profile and credit score.

Loans and loan comparison aren’t the only financial services Quicken Loans offers. You can also apply for and compare credit cards, insurance and home services.

Quicken Loans rates

Quicken Loans is a free online financial solutions tool. It doesn't cost you anything to get a personalized loan offer or other financial solution recommendation. After you’ve compared offers through Quicken Loans, you may be subject to fees and interest rates from the lender you choose directly. Interest rates are based heavily on your personal financial profile. Things like credit score, income and loan amounts all affect interest rates and loan terms.

Quicken Loans FAQ

Which companies are included on Quicken Loans?

Quicken Loans works with a variety of financial companies and lenders. Featured providers include Capital One, Citibank, Chase, SoFi, Nationwide and Rocket Mortgage.

How much does Quicken Loans cost?

Quicken Loans is a free, online financial services comparison tool. There is no cost to get personalized recommendations for a provider of mortgage loans, credit cards, insurance, personal loans, banking products and other services.

What services does Quicken Loans offer?

Quicken Loans offers comparisons of financial products and services. After you enter your financial needs, Quicken Loans helps you compare offers from multiple lenders and companies to help you find a personalized financial solution. Featured partner companies include Capital One, Citibank, SoFi, Chase, Rocket Mortgage and Nationwide.

Is Quicken Loans legit?

Quicken Loans is a good option if you’re looking for a quick financial solutions comparison tool. It offers personalized financial solutions, including loans and credit cards, in as little as minutes. It is free to compare lender information, and there are no hard hits on your credit score until you formally apply for a loan. If you’re looking for customized loan options, insurance or home services, Quicken Loans is a good place to start.

Quicken Loans Reviews

ConsumerAffairs has collected 24 reviews and 5,908 ratings.

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Page 1 Reviews 0 - 5
Verified purchase
StaffLoan ProcessRates

Reviewed Sept. 16, 2023

We went through Quicken Compare to refinance and they're paying off all of our credit cards. They sent me a stack of checks and now I'm having to find addresses. It's very time-consuming because you don't realize that everything is online nowadays. It’s not real easy to find people's addresses to send these checks to. We paid over $10,000 in closing costs and I assumed that they would send these out for me. I've been spending the last two days trying to find addresses to send these checks to. Other than that, everything went great. The rep I was connected with was a doll. I texted her at all hours and she always got right back to me. I even contacted her after the close to ask her when the disbursement might happen and she gave me all the information I needed. The rate and terms were awful, though, but we needed the cash-out of our equity to do some major repairs to our house. It is what it is. I know that isn't anybody's control except for the powers that be but I wish they would lower it a lot.

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    Verified purchase
    Punctuality & SpeedStaffLoan ProcessRates

    Reviewed Sept. 16, 2023

    The process with Quicken was pretty fast and easy going. Everything was done online and it took a matter of 24 hours to get the approval. The terms of the loan were fair and average on what the national rates were. The reps I worked with were very knowledgeable and the good thing was that I was able to interact with them better because they had a cellphone and I could reach them after-hours. Since they had to pull the credit report, they noticed that I had some bills and that it would benefit me to pay off those bills. So, they helped me with receiving cashback on that.

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    Verified purchase
    Customer ServiceOnline & AppLoan Process

    Reviewed July 29, 2023

    I like the work that Quicken Compare does. The application process was quicker than what I thought it would be. Everything was smooth-sailing. They kept me posted on everything they were doing. You can talk to the customer service workers through chat. I sent a message and it was right there. It was like me picking up the phone and somebody answering it. My confidence level went up some because I'm able to get some things done and they made me feel positive that there are companies out there that can help without a lot of red tape.

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    Verified purchase
    Online & AppLoan Process

    Reviewed June 6, 2023

    I filled out something on the website, and the loan application was easy and fast. The approval was instantaneous, too. When I had questions, I would go to the website and get aggravated because I was going to be dealing with a non-person. But eventually I would be able to figure out how to get to a person and I would talk with them. Quicken Compare had a very seamless process that allowed me to complete my service from app to deposit in hand in 48 hours. I would tell my friends to look into it for themselves because it could be just as good for them.

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    Verified purchase
    Customer ServiceOnline & AppStaffLoan ProcessTransparency

    Reviewed April 26, 2023

    Quicken Compare had good reviews. I had several mortgages in the past for a couple of different houses. It's the first time I ever had to do one where everybody was in different cities for the closing and everything went off without a hitch. When it came time to do a little refinance and take a little cash out, I compared them. I'm gonna make more of my business, but I pretty much knew where I was going.

    The application process with Quicken Compare was smooth. I didn't even have to prove all my income. It was just a good credit score or tons of equity. They're not that picky. When you put 50% down on your house, it's not a difficult decision to make. The process wasn't a long one and took about a month. I liked the first person who helped me when I bought the house better. That loan specialist was more involved. The second time around was still good but there wasn't quite as much communication and it was a little harder to get ahold of them to get some questions answered. When I had a question, reaching out to that person was like, “Okay. Where's their email? Where's their contact info?” With the first time, everything was there.

    Based on these new rules coming out, Quicken Compare is going to have to teach me how to lower my credit score. It's saying that if you have a 740 or better credit score, you're gonna have a 1% fee tacked on to your mortgage. If you buy an average house today, which is $400,000 roughly, that's a four grand fee because you pay your bill. On top of that, you're gonna have an extra $40 a month penalty with each payment. That's gonna equate to $14,000 if you pay it every month for 30 years. If you have a 620 credit score, you actually get a 1.75% discount. I have to learn how to lower my credit before I get another mortgage.

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    Verified purchase
    Online & App

    Reviewed Oct. 31, 2023

    We did debt consolidation with Quicken Compare. Within five minutes of submitting an online entry, I had a pre-approval done. It was simple from there on out. The site is user-friendly. The log-in was a little tricky at times but it could have been our router.

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    Verified purchase
    Online & AppLoan ProcessRates

    Reviewed Oct. 28, 2023

    We dealt with Quicken before and the loan was a better option versus using the equity in our house. The application process this time around was easier because they had all that information. The terms are good but the interest rates are high now. We have good credit so I thought maybe we would get a better rate. Still, I would recommend people to check Quicken out.

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    Verified purchase
    Online & AppLoan Process

    Reviewed Oct. 28, 2023

    The experience with Quicken was good. The application process was easy.

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    Verified purchase
    Online & App

    Reviewed Oct. 14, 2023

    I was trying to see where I could get my home equity at a better rate and in choosing a mortgage provider, I didn't have to go from website to website, Quicken did it for me. It was also pretty easy for me to get through their website.

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    Reviewed Sept. 26, 2023

    It's JUST ADEQUATE for a check book register, the classic program for individual use is USELESS WHEN IT COMES TO TAX SEASON. Sure it keeps track of accounting (checking accounts) but is USELESS WHEN IT COMES TO PROFIT AND LOSS STATEMENTS FOR TAX PURPOSES (it doesn't have one available). There is no P & L for an accountant to use...so my question is why is this program that is paid for yearly SO USELESS? ALL AND ALL NOT A GOOD WAY TO GO!

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    Quicken Loans Company Information

    Company Name:
    Quicken Loans
    United States