This map shows top 10 markets in the map viewport, as defined by descending origination volume. It uses our SimulatedRate technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs. Subscribers can configure state/metro/county granularity,Īssorted fields and quantity of results. Interest Rate: Loan Type: Calculate Payment Your Estimates Estimated Loan Payment: Update the calculator values and click calculate payment This is not an official calculator from Quicken Loans. Zoom/scroll map to see bank's per metro statistics. These are based on consensus, historical data- not advertised promotional rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% forĬonventional. Contact an individual lender for their actual They are our estimates based on a lender's pastīehaviors combined with current market conditions. These are simulated rates generated by our proprietary machine learning models. To see how we can help with your market research, analytics or advertising needs. Mortgage professionals: We have various tools to make your lives easier. Mortgage seekers: Choose your metro area here to explore the lowest Use advanced statistical techniques to forecast different rates based on a lender's historical data. This means that if a bank is a low fee/rate lender the past- chances are they are still one today. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. We show data for every lender and do not change our ratings- even if an organization is a paidĪdvertiser. (We use the term "fees" to include things like closing costs and other costs incurred byīorrowers- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates. Quicken Loans is typically an average fee lender. They have a below average pick rate when compared to similar lenders. Rocket Mortgage advertises 15- and 30-year conventional loans, 30-year VA and FHA fixed-rate loans, and. Quicken Loans has an average approval rate when compared to the average across all lenders. The lenders terms, fees and conditions vary depending on loan type and other factors. (Some data included below & more in-depth data is available with Their top markets by origination volume include: Los Angeles, New York, Atlanta, Phoenix, and Washington among others. They have an average proportion of FHA loans. Quicken Loans has a high proportion of conventional loans. Quicken Loans is a large mortgage company specializing in Cash Out Refi and Home Purchase loans.
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