Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
1031 Exchanges
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply
Quicken Loans vs. traditional bank
I'm trying to get the ball rolling on my first deal and get pre-approved for a loan. I've researched Quicken Loans and even started the application process to get pre-approved, and it seems like it will be legit and pretty easy. Can anyone offer some advice on this route vs a brick and mortar bank for a fist time buyer?
Most Popular Reply
![Melvin List's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/518646/1621480856-avatar-melvinl1.jpg?twic=v1/output=image/cover=128x128&v=2)
I would reach out to a broker that is approved with Quicken and save yourself some money. Quicken has a great processing system but if you call them directly versus calling a broker approved to do business with them you will have a higher rate by roughly a .25% and $800-$1000 in origination fees.
- Melvin List
![business profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/marketplace/business/profile_image/3687/1729519381-company-avatar.jpg?twic=v1/output=image/contain=65x65)
C2 Financial