Guild Mortgage Mortgage Review 2020

By Bankrate Staff

About our reviews

Bankrate’s editorial team researches, reviews and rates lenders to help you find one that fits your needs. Our experts consider a range of factors, including rates, loan types, time to close, fees and more. Reviews are updated regularly. Bankrate is an independent, advertising-supported comparison service. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.

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Bankrate Score

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3.3

User reviews
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( 7 )

5.0

Please note: In response to the coronavirus pandemic, lenders are changing their requirements continuously. Although we strive for accuracy at the time of publication, please be sure to check with the lender for updated details on down payments, credit scores, etc.

Guild Mortgage is an online and brick-and-mortar lender that was established in 1960. It now has more than 4,000 employees operating from 250 branch and satellite offices in 27 states and says it's one of the fastest-growing mortgage companies in the nation.  Guild offers a wide range of residential mortgage products. Its loan professionals are committed to delivering personalized service and closing on time. Through its MyMortgage digital mortgage, and its local in-house processing, underwriting and funding, Guild brings the best of technology and people expertise to the mortgage experience, according to the lender's website.

Nationwide availability

Borrowers in 48 states (all but New York and New Jersey) can apply for a loan online. Borrowers can also apply for a loan at branch locations in 31 states, including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Iowa, Kansas, Louisiana, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin and Wyoming..

Minimum credit score

580 for FHA loans, 620 for conventional, VA and USDA loans, 660 for jumbo loans

Loan types

Conventional, FHA, VA, USDA, jumbo and renovation loans, state and local housing programs, expanded Non-Qualified Mortgage options, unique programs for many income types. Refinancing options include rate and term refinancing and cash-out refinancing

Pros

  • Variety of loan options for primary, secondary and investment properties
  • Multiple first-time homebuyer and affordable lending options
  • Seamless online application and documentation submission
  • E-Closings available

Cons

  • They don’t offer home equity loans or home equity lines of credit (HELOCs)
  •  They don’t offer second lien programs
  •  They don’t provide commercial loans

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Guild Mortgage overview

Loan Types

Conventional, FHA, VA, USDA, jumbo and renovation loans, state and local housing programs, expanded Non-Qualified Mortgage options, unique programs for many income types. Refinancing options include rate and term refinancing and cash-out refinancing.

Lender fees

Guild Mortgage loan fees vary by loan type. They typically do not charge origination fees.

Minimum borrower requirements

Guild Mortgage adheres to the conforming loan requirements for mortgages approved by government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, as well as those backed by the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA).

For conventional loans, key requirements include good credit (typically a FICO score of 620 or higher). Depending on the loan, a minimum down payment of 3 percent is required.

Government requirements for FHA and VA loans are detailed here:

FHA loan requirements

VA loan requirements

 

Get started with Guild Mortgage

Borrowers can apply online, by phone at 800-365-4441, or at a Guild Mortgage branch location. Once the required application documents are received, a loan officer will contact you to review your application and discuss the next steps.

Hours

Open 8:30 a.m. to 5:30 p.m. local time, Mondays through Fridays, at branch locations in 31 states, including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Iowa, Kansas, Louisiana, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin and Wyoming. The consumer direct lending call center is open from 8 a.m. to 6 p.m. Pacific time Mondays through Fridays (800-283-8823).

Guild Mortgage consumer rating and reviews

5.0 reviews
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100% recommended

Customer Service Rating

Knowledge
5.0
Level of service
5.0
Professionalism
5.0
Responsiveness
5.0
0 out of 0 rates honored
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(7 reviews)
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The reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews.

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