What is Zillow Home Loans?
Zillow Home Loans is a lending division of Zillow Group that provides home mortgage loans to buyers across the United States. The company's mission is to simplify the home buying process by providing a seamless and hassle-free experience for customers. Zillow Home Loans combines innovative technology with personalized support from licensed loan officers to help buyers find the right loan for their needs.
The company offers a range of loan options, including conventional loans, FHA loans, VA loans, and jumbo loans. For buyers looking to secure a mortgage, Zillow Home Loans offers a pre-approval process that allows them to see how much they can afford before they start shopping for a home. This can help buyers to focus on the homes that are within their budget, enabling them to make more informed decisions.
One of the benefits of Zillow Home Loans is that they offer an online platform for customers to manage their loan applications and make payments from the comfort of their own home. The platform also allows customers to upload and submit necessary documents to speed up the loan application process. This streamlined process makes financing a home much easier and more convenient.
Zillow Home Loans takes a customer-centric approach to lending, with a team of knowledgeable and friendly loan officers available to answer questions and guide buyers through the process. Whether a first-time homebuyer or a seasoned real estate investor, Zillow Home Loans is committed to making the home buying experience as simple and stress-free as possible.
Overall, Zillow Home Loans is a seamless, efficient, and customer-friendly lending platform that offers an attractive option for buyers looking to secure a mortgage. With a wide range of loan options, innovative technology, and a commitment to personalized service, Zillow Home Loans is a top choice for anyone looking to buy a new home.
Frequently Asked Questions about zillow home loans
Rocket Mortgage stands out as the nation's No. 1 FHA lender, helping borrowers with limited down payment funds, but all home buyers and refinancers can take advantage of the lender's convenient website and app to both apply for and manage their loans. Rocket consistently ranks No. 1 in customer-satisfaction surveys.
What is Rocket Mortgage? Rocket Mortgage® is an online mortgage experience and America's largest mortgage lender1. Rocket Mortgage® isn't a calculator; it's a way to get a mortgage. Just tell us about yourself, your home and your finances, and we'll give you real interest rates and numbers – not just our best guess.
Rocket Mortgage, LLC, formerly Quicken Loans, LLC, is an American mortgage lender, headquartered in Detroit, Michigan.
Rocket Mortgage® has a loan option called YOURgage, which allows you to choose a fixed-rate term of anywhere from 8 – 29 years. This loan is more customized to a homeowner's financial goals and can give them some control over their monthly payment amount.
Rocket CompaniesRKT Holdings, LLC
Rocket Mortgage/Parent organizations
Rocket Mortgage® lets you work at your own pace, while providing award-winning customer service and expert advice. It lets you apply online, anytime, at your convenience – which means it's there when you need a fast approval to buy a house or a way to lock your rate when rates drop.
Rocket Mortgage has closed more than $1.6 trillion in home loans since 1985 and services more than 2.4 million families' mortgages every month. Rocket Mortgage net client retention rate was 97% over the 12 months ended June 30, 2023.
June 1985 – Dan Gilbert founded Rock Financial, which would become known as Rocket Mortgage, in 1985. The company was initially founded as a mortgage broker. 1988 – Rock Financial took the steps to become a mortgage lender. Rocket Mortgage is now one of the largest mortgage lenders in America.
Rocket Mortgage
Largest Mortgage Lenders in the U.S. by Volume, 2022, HMDA Data
| Rank | Lender | Number of Loans Closed |
|---|
| 1 | Rocket Mortgage | 464,363 |
| 2 | United Shore Financial Services (United Wholesale Mortgage) | 348,415 |
| 3 | loanDepot | 156,126 |
| 4 | Wells Fargo | 142,769 |
What is Rocket Mortgage? Rocket Mortgage® is an online mortgage experience and America's largest mortgage lender1. Rocket Mortgage® isn't a calculator; it's a way to get a mortgage. Just tell us about yourself, your home and your finances, and we'll give you real interest rates and numbers – not just our best guess.
Who are the top competitors of Rocket Mortgage?
- Better Mortgage - New York City based, 2014 founded, Series E company.
- Clara - Cuauhtemoc based, 2020 founded, Acquired company.
- LoanSnap - San Francisco based, 2018 founded, Series B company.
- Tomo - Austin based, 2020 founded, Series A company.
Conventional Mortgages
Conventional Mortgages
Conventional mortgages are the most common type of mortgage. That said, conventional loans may have different requirements for a borrower's minimum credit score and debt-to-income (DTI) ratio than other loan options.
NerdWallet's Best Mortgage Lenders of October 2023
- NBKC: Best for FHA and VA loans.
- Pennymac: Best for FHA loans.
- Guaranteed Rate: Best for first-time home buyers and HELOCs.
- PenFed: Best for VA loans.
- PNC: Best for first-time buyers, FHA and jumbo loans, HELOCs.
- Andrews Federal Credit Union: Best for first-time home buyers.
Rocket Companies is a Detroit-based FinTech platform company consisting of personal finance and consumer technology brands creating certainty in life's complex moments.
30-year fixed-rate mortgage
America's most popular mortgage is the 30-year fixed-rate mortgage, but it's not your only option. One alternative to the 30-year fixed is the 15-year, fixed-rate mortgage.
Two common types of loans are mortgages and personal loans. The key differences between mortgages and personal loans are that mortgages are secured by the property they're used to purchase, while personal loans are usually unsecured and can be used for anything.
