What are the requirements to qualify for a Quicken Loans mortgage?

To qualify for a Quicken Loans mortgage, several requirements must be met. Firstly, a minimum credit score of 620 is typically required, although certain loan programs may have different requirements. Additionally, a stable income and employment history are necessary to demonstrate the ability to repay the loan. A debt-to-income ratio of 50% or less is generally preferred, along with a down payment. While specific down payment percentages vary, options range from as low as 3% up to 20%. It's important to note that mortgage eligibility criteria can vary depending on the loan program, property type, and other factors. Quicken Loans provides personalized loan solutions, and interested individuals can connect with a mortgage expert to discuss their specific circumstances and eligibility requirements.