LendingTree vs Quicken Loans

Kalicia Bateman
Kalicia Bateman | Contributor
LendingTree and Quicken Loans both provide educational resources and mortgage products for prospective borrowers. But the companies differ in a major way: Quicken Loans is a standalone online mortgage lender, and LendingTree is an online marketplace displaying multiple lender offers.
 
LendingTree logo verified_user
#6 LendingTree
8.1 Overall Score
3.7
star star star star_half star_border
(23)
Quicken Loans logo verified_user
#4 Quicken Loans
8.9 Overall Score
3.7
star star star star_half star_border
(330)

Overview

LendingTree

Minimum Down Payment for Conventional Loan

Undisclosed

Minimum Credit Score Accepted

Undisclosed

Time in Business

25 Years

Quicken Loans

3%

620

36 Years

Ratings

LendingTree

Overall Score
8.1 of 10
Review Score
3.7
star star star star_half star_border
Value for Money
3.9
star star star star star_border
Quality of Product or Service
4.0
star star star star star_border
Company Trustworthiness
3.8
star star star star star_border
Likely to Recommend
7.3 of 10

Quicken Loans

8.9 of 10
3.7
star star star star_half star_border
3.7
star star star star_half star_border
3.7
star star star star_half star_border
3.6
star star star star_half star_border
6.5 of 10

Reviews

LendingTree

Number of Reviews
23
Review Breakdown
3.7
star star star star_half star_border
5 star
52%
4 star
9%
3 star
13%
2 star
4%
1 star
22%

Quicken Loans

330
3.7
star star star star_half star_border
5 star
57%
4 star
7%
3 star
7%
2 star
4%
1 star
25%

Reviews for LendingTree

Helpful Favorable Review

check_circle

Review Source

star star star star star

Santow Shamon Gurnee, IL

I was browsing for a small personal loan and came across lending tree. Very easy to get started and I had loan options in minutes. They offer you choices of different lending companies with their rates and terms upfront. I've had two loans myself within three years. You receive your money within days. Excellent customer service.

5 months ago

Helpful Critical Review

check_circle

Review Source

star star_border star_border star_border star_border

Gary Kapanowski Macomb, MI

They use an ad that asks you if you want to see what your new payment will be. However, you must enter your contact information toget your new payment. Your contact information is shared with a bunch of mortgage companies. They all start lighting up your phone and flooding your mail.

2 months ago

Reviews for Quicken Loans

Helpful Favorable Review

check_circle

Review Source

star star star star star

tracey williams Waterbury, CT

I was pleasantly surprised how well it went after reading other reviews. Everything went smoothly and fairly quickly. From initial phone call from Joe L, right to the end I never had any problems. If I had any questions or neded help with a request , I would call Joe and he usually always answered his phone. If he was not available to take the call he always called right back. Anyone else I had to speak with was always very pleasant and helpful.

6 days ago

Helpful Critical Review

star star_border star_border star_border star_border

Kenneth R Garrett, IN

Went to get a VA loan asked what the minimum credit score was 580. Got my credit pulled then was told that there would be a 5 % down and that to do no down my credit score would have to be 660. Also they sold my information

1 week ago

The Final Word

Both companies are convenient to work with, provide information quickly, and offer an array of traditional and government-backed mortgage products to borrowers in all 50 states. 

LendingTree has the edge over Quicken Loans when it comes to shopping around for the best deal because consumers can view multiple home loan offers simultaneously and for free, including interest rates, APRs, and payment specifics. 

The downside to providing your contact information with LendingTree and connecting with multiple companies is the chance lenders will continue calling long after you've secured a mortgage. With Quicken Loans, you can streamline most of the communication required via the Rocket Mortgage mobile app. 

Top Choice

Quicken Loans Logo
Quicken Loans

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