Introduction

If you're looking for a home loan, Guild Mortgage Company is one of the most established and trusted lenders in the field. Founded in 1960, Guild has grown to become a top 10 lender in the U.S., with branches available in more than 40 states. Guild's mission is to "provide superior customer service while ensuring that customers understand their financial options so they can make informed decisions about their mortgages." With this commitment to customer service and experience, Guild offers an attractive option for those seeking a mortgage or refinancing opportunity. In this Guild Mortgage company review, we'll review Guild's features, benefits, and drawbacks to help you decide if Guild is right.

About Guild Mortgage Company

Guild Mortgage Company is a large mortgage lender with more than 5,000 employees and 300 branches nationwide. Guild offers competitive rates on home mortgages, refinancing options, renovation loans, reverse mortgages, and much more. Guild also keeps up with the latest market trends and strategies to ensure customers get the best deals possible. Guild's team of experienced loan officers have access to a wide variety of loan programs, from government-backed FHA loans to jumbo adjustable rate mortgages (ARM) that exceed $417k in most states.

What Types of Mortgages Does Guild Offer?

Guild Mortgage Company offers a variety of mortgage products to meet the needs of its customers. Guild's most popular loan programs are:

• Fixed-rate mortgages.
• Adjustable-rate mortgages (ARMs).
• Federal Housing Administration (FHA) loans.
• Veterans Administration (VA) loans.

Guild also provides renovation loans, jumbo loans, and reverse mortgages.

Fixed Rate Mortgages

Fixed-rate mortgages are ideal for those who want a predictable monthly payment over the life of their loan. Guild offers 15- and 30-year fixed-rate mortgage options with competitive interest rates and no points or closing costs. Guild also offers a 10/1 ARM – giving you the security of a fixed rate for 10 years before transitioning into an adjustable-rate mortgage.

Adjustable Rate Mortgages

An adjustable-rate mortgage (ARM) gives you a lower interest rate when compared to a fixed-rate mortgage, but the interest rate changes over time. Guild offers 5/1 and 7/1 ARM options with competitive rates and no points or closing costs. Guild also provides jumbo ARMs for those in high-cost areas who need higher loan amounts than standard mortgages. Guild's jumbo ARM loans start at $417k in most states, with limits of up to 50% higher than traditional home loans.

Federal Housing Administration Loans

Guild Mortgage Company is an approved FHA lender, offering loan programs backed by the U.S. Department of Housing and Urban Development (HUD). Guild's FHA loans are ideal for first-time home buyers with lower credit scores or limited funds for a down payment. Guild provides FHA 203(b) and 203(k) mortgage loans, as well as the Energy Efficient Mortgage (EEM) program, which helps families finance energy-efficient improvements to their homes. Veterans Administration LoansGuild is an approved lender of VA loans, offering Veterans flexible financing options with no out-of-pocket costs and low-interest rates. Guild also offers VA jumbo loan amounts to $1 million in most states with no points or closing costs.

Renovation Loans

If you're looking to purchase a fixer-upper property or need money to make improvements to your current home, Guild offers renovation loan options. Guild's HomeStyle Renovation loans allow you to finance the purchase and renovations of a single-family home with just one loan. Guild also offers FHA 203(k) Streamline loans for smaller remodeling projects.

Guild Mortgage Refinancing Options

If you already have an existing mortgage, Guild offers several refinancing options to help you lower your monthly payment, reduce your interest rate or take cash out from your home equity. Guild's refinance products include fixed-rate mortgages, adjustable-rate mortgages (ARM), and jumbo ARMs. Many of Guild's refinance programs allow customers to skip up to two mortgage payments annually, and Guild also offers a no-closing cost option.

Reverse Mortgages Guild Mortgage Company is an approved lender of reverse mortgages backed by the Department of Housing and Urban Development (HUD). Guild's Home Equity Conversion Mortgage (HECM) program allows homeowners aged 62 or older to convert their home equity into cash while still living in the home. Guild's reverse mortgage loan officers can help customers determine if this type of mortgage is right for them and provide guidance on how to use their new funds best.

Customer Satisfaction with Guild Mortgage Company

Guild Mortgage Company is known for providing excellent customer service and delivering quality loans. Guild was named one of the top five large national mortgage lenders by J.D Power in the 2020 U.S Primary Mortgage Origination Satisfaction StudySM. Guild's commitment to customer satisfaction was also recognized in the 2020 Guild Mortgage Customer Satisfaction Survey, where Guild received a 4.8/5 star customer rating.