Guild Mortgage

• Variety of Loan Types
• Specialized Mortgage Programs
• Online Application Process
• Homebuyer Tools
• Guild Mortgage Reviews

Variety of Loan Types

Guild Mortgage offers the following loan types, of which are common options among lenders in the industry:

• Conventional Loan
• Fixed Rate Loan
• Adjustable Rate Mortgage (ARM) Loan
• FHA Loan
• VA Loan
• USDA Loan

In addition, Guild Mortgage offers a variety of specialized loans that aren't typically offered by other lenders and that can meet a wider variety of homebuyer needs and circumstances:

• Reverse Mortgage Loan — for retired homeowners age 62 and above who would like to access their home equity for some extra cash.
• Renovation Loan — upgrade, update, and renovate your home with payments made over time.
• Bridge Loan — a short-term loan that can be used to purchase a secondary primary residence.
• Manufactured Home Loan — a specialized mortgage for financing a mobile, manufactured, or modular home loan purchase.

If you are looking for a more specific type of mortgage beyond a conventional loan, Guild Mortgage could be a good option for you.

Specialized Mortgage Programs

To assist homebuyers in the mortgage process, and to provide greater flexibility, Guild Mortgage offers multiple mortgage programs:

• Down Payment Assistance (DPA) Program — designed for those who need help making a down payment on a home
• Lock and Shop — lock your rate while shopping for a home, securing you against rising rates
• Zero Down Program — designed to get people to homeownership faster with zero percent down
• Doctor Loan Program — specific loan options for doctors
• Energy Efficient Mortgage Program — designed to help homebuyers purchase an energy efficient home or finance home energy efficiency upgrades

Online Application Process

Guild Mortgage has an entirely online application process, getting you to closing much faster. When you apply online you will add your personal information, including your chosen loan type and state of residence, and you can also add any co-borrower information and choose a loan officer.

Homebuyer Tools

The mortgage process doesn't end with a home purchase. Guild Mortgage understands this and provides various tools to assist homebuyers before purchasing a home as well as after.

To crunch numbers and help you estimate costs, Guild Mortgage provides the following online calculators:

• Total Mortgage Payment Calculator
• Pre-Qualification Calculator
• Affordability Calculator
• Cash-to-Close Calculator
• Refinance Calculator
• Net Proceeds Calculator

If you need payment assistance after closing or experience unexpected financial difficulties, Guild Mortgage also provides hardship and loan payoff assistance tools.

Guild Mortgage Reviews

Guild Mortgage reviews are currently limited, but customer sentiment is primarily positive, highlighting exceptional customer service including attentive loan officers. Customers also frequently mention the ease of Guild Mortgage's online application process.

• Lack of Transparency
• No Home Equity Loans or Lines of Credit

Lack of Transparency

Guild Mortgage has not disclosed interest rates or closing costs on its corporate website, which can make it challenging for consumers who would like to have an idea about what their rates and fees will be before actually applying for a loan.

No Home Equity Loans or Lines of Credit

While Guild Mortgage does offer a reverse mortgage option, allowing retired homeowners to access their home equity, it doesn't offer a home equity loan or home equity line of credit option.