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Guaranteed Rate Refinance Review
Key Statistics
Total Originations
30,884
HMDA 2023
Avg Loan Amount
$0
National average
Denial Rate
0%
National average
States Active
3
With HMDA filings
At a Glance
Min Credit Score
620
Loan Types
Conventional, FHA, VA, Jumbo, USDA
Notable Features
- Digital mortgage platform
- Rate lock options up to 120 days
- Hybrid in-person and online process
HMDA Lending Data
Top states by refinance origination volume. Source: HMDA 2023
Pros and Cons
Pros
- +Extensive loan product menu including niche options
- +Both digital and in-person support available
- +Competitive rates with rate lock flexibility
Cons
- -Origination fees vary by market and loan type
- -Online reviews cite occasional processing delays
- -Not available in all states for all products
Frequently Asked Questions
Is Guaranteed Rate good for refinancing?
Guaranteed Rate is rated 4.3/5 on Wirly and is best suited for borrowers looking for wide loan selection. They processed 30,884 refinance originations nationally in 2023, according to HMDA data.
What credit score do I need for Guaranteed Rate?
Guaranteed Rate requires a minimum credit score of 620 for mortgage refinancing. However, better rates are typically available for borrowers with scores of 740 or higher.
What loan types does Guaranteed Rate offer?
Guaranteed Rate offers Conventional, FHA, VA, Jumbo, USDA refinance loans. VA loans are available for eligible military members and veterans.
What is Guaranteed Rate's denial rate?
Guaranteed Rate's national refinance denial rate is 0%, based on 2023 HMDA data. Denial rates vary by state and borrower profile.
How does Guaranteed Rate handle complaints?
CFPB complaint data for Guaranteed Rate can be found on the Consumer Financial Protection Bureau's complaint database.
Ready to explore Guaranteed Rate?
Visit their site to check current rates, or use our tools to compare.
This review is for educational purposes only and does not constitute financial advice. HMDA data sourced from the CFPB. Complaint data from the CFPB Consumer Complaint Database. Wirly is not a lender or mortgage broker. See our methodology.