Zillow Home Loans Review
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Zillow Home Loans Reviews

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Bob Phillips

WRITTEN BY

Bob Phillips

Nationally-known lender
Nationally-known lender
About Zillow Home Loans

Zillow Group Inc, known as Zillow, is a Seattle-based real estate and mortgage loan marketplace company founded in 2006 by two former Microsoft executives. The company lists homes for sale and rent and provides home loans through Zillow Home Loans, LLC.

Zillow has a dedicated mortgage section on its website. In that section, Zillow provides mortgage rates from various lenders, including itself, a mortgage calculator for interested individuals to calculate mortgage payments, and a lender directory.

9.5

LS SCORE

10

CREDIBILITY

9.0

SUPPORT

9.0

ACCESSIBILITY

Zillow Home Loans Mortgages Review

Zillow Group Inc, known as Zillow, is a Seattle-based real estate and mortgage loan marketplace company founded in 2006 by two former Microsoft executives. The company lists homes for sale and rent and provides home loans through Zillow Home Loans, LLC.

Zillow has a dedicated mortgage section on its website. In that section, Zillow provides mortgage rates from various lenders, including itself, a mortgage calculator for interested individuals to calculate mortgage payments, and a lender directory.

Zillow Home Loans Mortgages Highlights

MORTGAGE AMOUNT

$100,000 - $2,000,000

REPAYMENT TERM

15/30 years

MIN CREDIT SCORE

620

APR FIXED RATE

5.33% - 6.08%

FUNDING TIME

30-40 days

ORIGINATION FEE

None

PREPAYMENT FEE

None

UNDERWRITING FEE

None

OTHER FEES

None

SOFT CREDIT PULL

No

NMLS

10287

LENDER TYPE

Direct

Pros & Cons

  • Provides a good selection of mortgage products
  • Loans with low minimum qualifications
  • Loan officer dedicated to you
  • Discounts for Zillow-recommended realtors
  • Doesn’t consider alternate data for credit profile
  • Doesn't offer home equity loans

Mortgage Type

  • Mortgage Purchase
  • FHA
  • VA
  • Jumbo

Zillow Home Loans Mortgages Terms & Requirements

Zillow is very transparent with its loan terms and requirements. They offer conventional, FHA, VA, and Jumbo loans, and their credit requirements are not overly stringent.  Their requirements meet the market’s standard requirements.

Applying to Zillow

The process of receiving debt relief assistance from Zillow begins online.

Lendstart - Applying to a mortgage online with Zillow
One step

Personal information

After creating your account or logging in, you will be asked for the following:

  • Your most recent month’s pay stub
  • Last year’s W-2 forms
  • Bank and investment account statements
  • A home purchase contract signed by you and the seller
  • Last two years of personal tax returns (two years of business returns if you own your own business)

After submitting this information, a Zillow sales representative will email or call you to schedule a free consultation by phone. You are given full details of Zillow’s rates, process, and fees at that time.

Qualification Requirements

Minimum credit score 620
Minimum debt-to-income ratio Less than 45%
Minimum annual income None
Minimum age of the borrower 18
Citizenship/residency U.S. and Canada

Required Information

  • Your most recent month’s pay stub.
  • Last year’s W-2 forms.
  • Bank and investment account statements.
  • A home purchase contract signed by you and the seller.
  • Last two years of personal tax returns (two years of business returns if you own your own business).

State Availability

Available in all states

Privacy & Security

Zillow Home Loans has a good reputation for being a legitimate provider of mortgage refinancing. As well as being an Equal Housing Lender, it has an A+ rating with the Better Business Bureau (BBB). The organization also has appropriate licenses in each of the states it operates in.

Customer Support

If you have any issues whatsoever when it comes to Zillow Home Loans, you can either have a look at the FAQs on their website or contact a member of their customer experience team. The quickest option will often be to ring the team over the phone. Otherwise, you can use the email form and send detailed correspondence to the team this way. You will get plenty of support from the lender throughout the entire process.

Phone Support
888-466-3501
Mon-Fri
5am-5pm PST
Sat-Sun
6:30am-5pm PST

In Conclusion

Zillow is a nationally recognized company made famous for listing homes for sale and rent on its website and providing mortgages online. It is a good choice for people comfortable with getting a mortgage online.

FAQ

Does Zillow lend money directly or through other lenders?
Both. Zillow lends money directly through its lending arm, Zillow Home Loans, or other lenders it charges for advertising on its website.
Does Zillow have lending offices I can meet at?
Zillow does not have branch offices. Business is conducted online.
How long does it take to get approved by Zillow?
You can often get approved in two business days and close in 30-40 days.

Zillow Home Loans Disclaimer

©2020 Zillow Home Loans, LLC Zillow Home Loans, LLC is an Equal Housing Lender, NMLS ID#: 10287 www.nmlsconsumeraccess.org | This is not a commitment to lend. Not all applicants will be approved; subject to borrower and underwriting approval. Eligible Rural Housing areas and loan limits are determined by the United States Department of Agriculture. Program terms, rates and fees are subject to change without notice. Contact Zillow Home Loans for more information and for current rates. AK #Ak10287; AL #21014; AZ #0942065; AR #111469; CA Residential Mortgage Lending Act: #4130698; CO; CT #10287; DC # MLB10287; DE #011578; FL #MLD1689; GA #16183; ID #MBL-7446; IL #MB.6760621; IN 10875; IA #2010-0031; KS #MC.0001200; KY #MC23280; LA; MD #18568; MA #ML10287; MI FR0021840; MN #MN-MO-40205078; MS #10287; MO #18-1750; MT #10287; NE #135; NV #4078; NH #22029-MB; NM; NC #L-106943; ND # MB103363; OH #RM.850011.000; OK #ML012123; OR #ML-4993; PA #32124; RI #20112743LL; SC #10287; SD #ML.05249; TN #109281; TX – 123 Chisum Dr, Millsap, TX 76066; UT #7648806; VA #MC-1957; WA # CL-10287; WI 10287. NOT LICENSED IN THE STATE OF NEW YORK. ADVERTISEMENT NOT INTENDED FOR NEW YORK CONSUMERS.

Disclosure

This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

WRITTEN BY

Bob Phillips

Having spent over fifteen years helping people plan their lives financially, Bob has a vast amount of knowledge concerning personal finance. During his career, Bob mastered many different financial products to help people achieve their financial goals, including life insurance, disability insurance, mutual funds, and stocks and bonds. He earned the Chartered Life Underwriter (CLU) designation and held numerous securities licenses. Bob is an internationally published poet and is now a freelance writer living in North Texas with his wife and Doberman puppy.