Guaranteed Rate has mortgages in all 50 US states.

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The bottom line: Guaranteed Rate is a good lender for several types of home loans, including interest-only mortgages that can be hard to find elsewhere. It also allows you to apply with alternative data if you don’t have a credit score.

Editor’s rating
4.125 / 5

Minimum credit score

Minimum down payment

Types of mortgages
Conforming, jumbo, FHA, VA, USDA, interest-only, refinance

Get started with Guaranteed Rate

Minimum credit score and down payment are for conforming mortgages.

Overall lender rating

Insider rating (out of 5)

Loan types


Customer satisfaction



Pros and cons


Available in all 50 US states
Variety of mortgage types
Accepts alternative credit data if you do not have a credit score
Easy-to-use website
Close digitally, not in person

No home equity loan, HELOC, reverse mortgage, or construction loan
Can’t see personalized mortgage rates online

Guaranteed Rate mortgage rates

Guaranteed Rate posts sample mortgage rates online, along with information like national average rates for comparison and other expenses you should consider when budgeting for a home.

These sample rates are based on certain assumptions, though, including a state of residence and credit score. You can’t tailor the details to your personal information to see a customized rate online. You’ll need to contact the lender or fill out a form.

Guaranteed Rate’s mortgage rates are competitive with the national averages right now, so you could get a good rate.

How Guaranteed Rate compares

We’ve compared Guaranteed Rate to two other lenders that operate in all 50 US states: Rocket Mortgage and Fairway Independent Mortgage Corporation.

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Types of home loans

Conforming, jumbo, FHA, VA, USDA, interest-only

Types of home loans

Conforming, jumbo, FHA, VA

Types of home loans

Conforming, jumbo, FHA, USDA, VA, reverse, renovation

Alternative credit data?


Alternative credit data?


Alternative credit data?


Get started
Rocket Mortgage by Quicken Loans
Fairway Independent Mortgage

You’ll need to use Guaranteed Rate or Fairway for a USDA mortgage. Guaranteed Rate also has interest-only mortgages, and Fairway offers reverse mortgages and renovation loans.

You also may like Guaranteed Rate or Fairway if you don’t have a credit score. Both accept alternative credit data, like proof that you pay bills on time, in lieu of a credit score. Fairway may even accept this data if you have credit score that is low. Rocket Mortgage requires a credit score, though.

You might like Rocket Mortgage if customer service is a main priority. Rocket Mortgage has ranked as the top lender for customer satisfaction from JD Power for 11 consecutive years.

How Guaranteed Rate mortgages work

Guaranteed Rate is an online lender that offers mortgages in all 50 US states and Washington, DC. You can get the following types of home loans from Guaranteed Rate:


Interest-only – Not many big-name lenders offer interest-only mortgages, so Guaranteed Rate is …read more

Source:: Business Insider


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