Quicken Home Loans

[Anonymous]

Have any of you had a successful FHA home purchase with Quicken-3.5% down? My credit scores are Eq:557 TU:597 EX:592 My plan is to pay down utlization on 4 of my credit cards and pay for 2 medical delections. But, If I don't get the score increase as planned- I wanted a second option.

[c4sp14nx]

I looked into Quicken Loans when I went to secure financing for my house, but I found their fees to be exceptionally high. On a $312,000.00 purchase, they quoted me down payment + fees of $24,000.00; the lender I ultimately chose ended up costing me < $15,000.00 -- a HUGE difference, in my book!

I know that doesn't help much, but thought I'd share my experience!

[DallasLoanGuy]

there are plenty of other options than quicken.

while they are better than they used to be, they arent any better than the average local shop

[Anonymous]

Wow! Thanks a bunch! Who do you guys recommend if I have low scores?  I'm hoping to be at a 620 in 4-5 months. I've been on the same job for 7+ years and a good DTI ratio. Just messed up on a couple of charged off credit cards (Which are paid).