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.
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
$100,000 - $2,000,000
MIN CREDIT SCORE
APR FIXED RATE
5.33% - 6.08%
SOFT CREDIT PULL
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 Purchase
Zillow Home Loans Mortgages Terms & Requirements
Applying to Zillow
The process of receiving debt relief assistance from Zillow begins online.
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.
|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|
- 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).
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.
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.
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.
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.