Mortgages

Guild Mortgage review: Loan options for first-time buyers

Check out our Guild Mortgage review, and learn how this lender can help you! Enjoy multiple loan options and low minimum down payment! Read on!

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Guild Mortgage: Buy your dream home in a few steps!

Guild Mortgage logo
Guild Mortgage review! Source: The Insider Advisor

Are you wondering how to get your dream home? Our Guild Mortgage review can help! This top mortgage lender in the U.S. is worth a look into.

Guild Mortgage logo

Guild Mortgage: how to apply

Learn how to apply for Guild Mortgage and get the home you've always wanted. Enjoy a first-time buyers program! Read on!

Then keep reading our review to learn more and discover what Guild Mortgage offers. We cover all competitive rates, fees, and its extensive range of products.

Credit Score620 or higher;
Loans OfferedConventional, Purchase, Refinance, Reverse, Jumbo, USDA, FHA, VA, fixed and adjustable rate; Home Equity Loans; 
Minimum Down Payment0% for FHA, VA, and USDA to 3,5% for other options;
APRNot disclosed;
Terms15 and 30 years.

Guild Mortgage review: what you need to know

When it comes to home loans, Guild Mortgage has got you covered! Since 1960, this San Diego-based lender has been helping buyers in 43 states find the perfect mortgage for their needs.

With a full suite of products from conventional and government-backed mortgages to jumbo loans, Guild can help make achieving homeownership a reality.

Guild Mortgage is worth especially in government-backed mortgages, being an ideal option for borrowers chasing their first time to buy a house.

You can count on FHA, VA, and USDA loans on its specific government-backed portfolio, not to mention its grown refinancing and purchasing options.

They offer 15 to 30 loan terms. And closing costs normally will range between 2-5% of the property value.

Ease of Application

This lender offers a paperless application, and the lender’s website has a complete list of loan products and their rates and benefits.

Still, with so many options, it can be challenging to choose one. 

In contrast, if you’re not willing to go a long way, you can always contact one of their loan specialists. It’s worth noting that guild mortgage has its turn with those who value customer service.

By the way, their customer experience tends to be one of the best features praised by actual clients.

Guild Mortgage main features

Male entrepreneur working on a computer at home.
Guild Mortgage main features! Source: FreePik

If you’re considering purchasing or refinancing your home, Guild Mortgage might be worth exploring.

But as you may know, buying a home is not only an important step in life. It’s also a decision that greatly impacts your financial situation.

Therefore, we have separated the most important aspects that you need to know about Guild Mortgage. As well as the main pros and cons to base your decision on!

Pros

  • Many options of loan products;
  • Good-rated customer support;
  • Online pre-qual and application;
  • Offers assistance programs for first-time buyers;

Cons

  • Not available in all U.S. states;
  • Some products don’t have all requirements and rates on the website.

Credit score required to apply

One of the best features of Guild Mortgage is its attention to government-backed mortgages. In this case, you can expect to qualify with a score as low as 540 for FHA and USDA loans.

If you’re looking for a conventional loan, the lender also requires a competitive credit score of 620. Still, you must check the details to get applied!

It’s a good idea to get more on their website! But for now, we’ll cover how the application process works!

Guild Mortgage application process: how does it work?

As you have seen in this review, Guild Mortgage has an easy and full online application process. In some cases, you can even close your mortgage online!

Do you want to know more about how to enjoy its benefits? Then keep reading our next article. We will cover all you need to apply for Guild Mortgage today!

Guild Mortgage logo

Guild Mortgage: how to apply

Learn how to apply for Guild Mortgage and get the home you've always wanted. Enjoy a first-time buyers program! Read on!

About the author  /  Luis Felipe Regueira

I needed to learn about finances when I was in culinary school and wanted to save money to start my own business. So I haven't stopped because I believe studying and writing about the topic can help more people achieve their goals. Currently, I write about finances and run a small coffee shop.

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