Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

Account Closed
  • Ashville, OH
2
Votes |
1
Posts

Quicken Loans vs. traditional bank

Account Closed
  • Ashville, OH
Posted

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

User Stats

1,152
Posts
378
Votes
Melvin List
  • Lender
  • Tampa, FL
378
Votes |
1,152
Posts
Melvin List
  • Lender
  • Tampa, FL
Replied

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
C2 Financial

Loading replies...