Quicken Loans VA Loans Review

Rating: 8.2 / 10 (Excellent)
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Quicken Loans offers a variety of financial services that include mortgages, home refinance, and VA loans. The company's VA loan services include dedicated mortgage consultants who assist potential borrowers. Quicken Loans also provides online tools such as MyQL which lets you track the mortgage process, and a mortgage calculator app that gives you rates right on your phone. With Quicken Loans’ VA loans, qualified borrowers can purchase a new home without a down payment, or refinance up to 120% of their home’s value.

Services and Features

Quicken Loans provides VA loans for active-duty military personnel, veterans, and even their families. With a VA loan, qualified borrowers are able to refinance up to 120% of their home’s value, or purchase a home with no down payment required.

Quicken Loans also provides mortgage experts who assist VA loan borrowers. These highly qualified professionals are there to educate customers about the different loan options which best suit their needs. The company also offers online tools which help track home loan applications from start to finish, and an online calculator that gives borrowers a more accurate assessment of how the process works.

VA loans from Quicken Loans are offered in a 15-, 20-, and 30-years fixed loans as well as in 5-year ARM loans. There are also Jumbo VA loans available for customers who want to borrow a large amount, up to $1,500,000. VA streamlined refinancing is offered with reduced funding fees and minimal documentation.

Applicants with credit score as low as 620 are qualified for this type of mortgage loan. They can use their basic allowance for housing as a contribution to their monthly mortgage costs. Customers can also pre-pay their mortgage any time without penalties.

Types of Home





Mortgage Options Offered

VA Loans

Fixed Rate Mortgage

Adjustable Rate Mortgage

FHA Loans

Jumbo Loans

HARP Loans

Mortgage Related Fees

Appraisal Fee

Origination Fee

Credit Report

Closing Fee

Private Mortgage Insurance

Inspection Fee


  • Certificate of Eligibility which confirms your military service
  • Must complete VA Form 26-1880 to obtain COE
  • Must either be currently serving in the U.S. military or an honorably discharged veteran
  • Must meet specific service requirements (90 days during wartime, 6 years in the Reserves or National Guard, 181 days during peacetime, or if you’re a living spouse of a service member who was killed in the line of duty)
  • Proof of sufficient income to cover repayment of the mortgage
  • Lists of all accounts and the specific balances or monthly amounts due
  • Verification of employment over the last two years


Loan Type and Term



Potential Monthly Payment

VA 5/1 ARM (1/1/5)




VA 15-Year Fixed




VA 30-Year Fixed




*Rates displayed are based on a loan amount of $300,000 in the state of Alabama. Rates are subject to change without prior notice.

VA Loans at Quicken Loans

Quicken Loans is a great choice for a VA loan because of the various benefits it provides such as no monthly PMI and home purchase without down payment. The company also allows borrowers to refinance their primary home’s value of up to 120% and has flexible repayment options for their clients. Applicants who wants to borrow a large amount may apply for Quicken Loan’s Jumbo VA loan where they can borrow up to $1,500,000.

Our Partner
8.2 / 10
  • Refinance up to 120% of your home’s value with VA loans
  • Dedicated VA mortgage bankers that are professional in VA loan process
  • Track your mortgage process with MyQL
  • Gives rates right on your phone with Mortgage Calculator app
  • Buy a home without money down
  • Jumbo VA loans up to $1,500,000
  • 15-, 20-, and 30-year fixed rate loans and 5-year ARM loans
  • No monthly private mortgage insurance

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Quicken Loans VA Loans