2021 Guaranteed Rate Mortgage Review

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The minimum credit score and down payment are for compliant mortgages.

Overall rating of the lender

Advantages and disadvantages

Guaranteed rate mortgage rates

The Guaranteed Rate shows examples of mortgage rates online, along with information like national average rates for comparison and other expenses to consider when budgeting for a home.

These sampling rates are, however, based on certain assumptions, including a state of residence and a credit rating. You cannot tailor the details to your personal information to view a personalized rate online. You will need to contact the lender or fill out a form.

Guaranteed rate mortgage rates are competitive with national averages right now, so you could get a good rate.

Comparison of the guaranteed rate

We compared the guaranteed rate to two other lenders that operate in all 50 US states: Rocket Mortgage and Fairway Independent Mortgage Corporation.

You will need to use the secured rate or the fairway for a USDA mortgage. The Guaranteed Rate also offers interest-only mortgages, and Fairway offers reverse mortgages and home improvement loans.

You may also like the guaranteed rate or the fairway if you don’t have a credit score. Both accept alternative credit data, like proof that you pay your bills on time, instead of a credit score. Fairway can even accept this data if your credit score is low. However, Rocket Mortgage requires a credit score.

You might like Rocket Mortgage if customer service is a top priority. Rocket Mortgage has been ranked as JD Power’s # 1 Customer Satisfaction Lender for 11 consecutive years.

How Guaranteed Rate Mortgages Work

The Guaranteed Rate is an online lender that offers mortgages in all 50 US states and Washington, DC. You can get the following types of home loans from the guaranteed rate:

You can do regular rate and term refinancing or cash flow refinancing.

If you don’t have a credit score, you can view other guaranteed rate financial data for mortgage approval. However, the lender does not consider alternative data if you already have a score.

Contact customer service Monday through Friday. The exact times vary depending on whether you’re calling for a new home purchase, an existing loan, or some other reason.

Is the guaranteed rate trustworthy?

The Better Business Bureau gives the guaranteed rate an A- in terms of reliability. A high BBB score indicates that a business responds effectively to customer complaints, is transparent about business practices, and advertises honestly.

The BBB gives the guaranteed rate an A- rather than an A + because the government has taken action against the lender.

The guaranteed rate pays the government $ 15 million. A former employee claimed that the lender pressured underwriters to lie in order for the government to insure FHA and VA loans. The Justice Department said the lender attempted to put an end to the illegal practices even before the federal investigation began.

Mortgage and refinancing rates by state

Check out the latest rates for your state at the links below.

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
new York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
Caroline from the south
South Dakota
Tennessee
Utah
Vermont
Virginia
Washington
Washington DC
West Virginia
Wisconsin
Wyoming

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