Guild Mortgage has served customers across the country since 1960, offering vast industry experience and a broad range of home loan products.
Headquartered in San Diego, Guild offers traditional fixed- and adjustable-rate mortgages, jumbo, FHA, USDA, and VA loans, as well as some unique options that offer grants, down payment assistance, and other benefits.
Table of Contents
Guild Mortgage Facts
- Operates in 48 states and Washington, D.C., excluding New Jersey and New York.
- Has 374 physical locations in 32 states, including 61 in California, 52 in Texas, 32 in Oregon, and 32 in Washington.
- Has operated as an independent lender since 1960, with over 50 years of experience originating and servicing home loans.
- Mortgage rates vary across eight major home loan products, from traditional fixed- and adjustable-rate mortgages to jumbo home loans, down payment assistance programs, and much more.
- Offers an in-depth guide to the mortgage process on its website, from calculating payments to the paperwork they should keep after closing.
- Provides multiple layers of customer service for homeowners and prospective home-buyers.
Overall
Founded in 1960, Guild Mortgage is an independent lender operating across 48 states and Washington, D.C. Guild offers a variety of lending products with different mortgage rates, including FHA, USDA, and VA loans, and strives to assist customers by connecting them to local Down Payment Assistance programs.
With a large number of mortgage products available through this lender, home buyers with different types of credit and financial profiles are sure to find a loan that meets their needs.
Guild Mortgage’s headquarters has an A rating from the Better Business Bureau but is not accredited by the organization.
Current Guild Mortgage Rates
Guild Loan Specifics
Borrowers have a wide range of options to consider when they choose to secure a home loan through Guild.
Whether looking to own for the first time or seeking to purchase an especially large or expensive home, prospective homeowners financing their purchase through Guild are likely to find a mortgage product that aligns with their needs.
With support from FHA, USDA, and VA loans, those who qualify for the favorable terms offered by these government-backed programs can obtain an even more competitive loan rate and monthly payment.
Guild’s offering includes:
Fixed-Rate Mortgage
This common loan offers an interest rate that doesn’t change over time, allowing for more predictability when planning monthly payments. Fixed-rate mortgages are well-suited for those who plan to live in their new home for more than ten years.
Guild offers several terms for this fixed-rate product, with a minimum loan term of 10 years and the most common being 30.
Custom fixed-rate options offer further flexibility, including ending payments at a specific time in preparation for retirement and refinancing without extending the loan term. Financing of up to 97 percent is also available.
Adjustable-Rate Mortgage
ARM loans are a practical solution for those who plan to move or refinance within 5-10 years or want to take advantage of the potential for lower rates while accepting the possibility of higher ones.
ARMs from Guild feature terms of 3, 5, 7, and 10 years before the fixed-rate changes to an adjustable one, and exceptionally low initial rates with similarly modest payments. Those who qualify for an ARM loan can enjoy financing up to 95 percent.
Jumbo Mortgage
The jumbo mortgage allows homeowners to go past the limits of the conforming, guaranteed loans backed by Fannie Mae and Freddie Mac.
This is valuable when purchasing an especially large home or securing a more modest one in especially competitive real-estate markets.
Borrowers need to have both good credit and a robust portfolio of assets when applying, but those who qualify can enjoy competitive rates in line with those offered by conforming government-backed mortgages.
FHA Loan and Down Payment Assistance
The Federal Housing Administration offers loans geared toward first-time home-buyers and those with lower incomes. Benefits include down payments as low as just 3.5 percent and easier qualification standards than those set for traditional loans.
Guild also emphasizes connecting customers with county-level Down Payment Assistance programs, which help home-buyers in specific locales by effectively lowering down payment requirements.
The Guild maintains a strong network of connections with the government departments that facilitate these loans and grants.
USDA Loans
The U.S. Department of Agriculture offers specialized financing for home-buyers intending to live in rural areas. The agency’s definition of rural is broad, with more than 95 percent of homes in the U.S. meet the qualifications.
With these types of loans, down payments reach as low as zero percent, while ongoing benefits include lower rates than many other mortgage options. This is a compelling option for those considering a home in a qualifying area who meet the other loan requirements.
VA Loans
Department of Veterans Affairs loans offer attractive rates and terms to active service members, reservists, veterans, and qualifying spouses. With down payments as low as zero percent and low rates, VA Loans are an excellent choice for all homeowners who are eligible.
Guild Mortgage Customer Experience
Guild offers online home loan applications as well as those through more traditional means.
The application process, qualification, and quotes are provided through a secure account system, with a pre-qualification calculator available to anyone who wants to determine eligibility before starting the application process.
A variety of informative articles are also available for prospective and current homebuyers and sellers, along with additional calculators to aid in determining such things as whether to rent or buy as the best approach to refinancing.
Guild does not appear on the Consumer Financial Protection Bureau’s list of mortgage companies with the highest number of customer complaints despite its large size and broad reach, another critical indicator of its operational quality.
Guild Mortgage Qualifications
Although not they are not the only determining factor, credit scores play a major role when it comes to qualifying for a home loan. A minimum credit score is a powerful early indicator of whether a particular loan is achievable in light of an individual’s finances and payment history.
| Loan Product | Minimum Credit Score | Minimum Down Payment |
|---|---|---|
| Fixed-rate mortgage | Not listed – “Adequate credit” | Not listed |
| Adjustable-rate mortgage | 640 | Not listed |
| Jumbo loan | Not listed – “Excellent credit” | Not listed |
| FHA loan | Not listed – “For those with lower credit scores” | 3.5 percent |
| USDA loan | Not listed | Zero percent |
| VA loan | Not listed | Zero percent |
Guild Phone Number and Additional Details
- Homepage URL:https://www.guildmortgage.com/
- Company phone:1-800-365-4441
- Headquarters address: 5898 Copley Drive, San Diego, CA, 92111
Conclusion
Guild Mortgage stands out as a prominent lender with a rich legacy that spans over six decades.
Operating in 48 states and Washington, D.C., the company offers a plethora of mortgage products to cater to various financial profiles, from traditional fixed-rate and adjustable-rate mortgages to unique offerings like jumbo loans and government-backed FHA, USDA, and VA loans.
Their commitment to aiding customers is evident in their proactive approach to connecting homebuyers with Down Payment Assistance programs.
Not only does Guild Mortgage offer tools like online applications, calculators, and informative articles to streamline the homebuying process, but its absence from the Consumer Financial Protection Bureau’s list of most-complained-about mortgage companies further attests to its reliability and high operational quality.
For those in the market for home loans, Guild Mortgage emerges as a versatile and dependable choice.
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Product Name: Guild Mortgage Product Description: Guild Mortgage is an established lender, founded in 1960, offering a diverse range of mortgage products across 48 states and Washington, D.C. The company provides traditional fixed- and adjustable-rate mortgages, jumbo loans, and government-backed options like FHA, USDA, and VA loans. Additionally, Guild emphasizes assisting clients with down payment aid and other beneficial programs. Summary of Guild Mortgage Guild Mortgage, with its headquarters in San Diego, has over six decades of experience in the mortgage industry, operating in almost all states, barring New Jersey and New York. Apart from the traditional fixed and adjustable-rate mortgages, they offer specialized products such as jumbo mortgages for larger home purchases. Their FHA, USDA, and VA loans cater to specific segments, including first-time buyers, rural homeowners, and military service members respectively. Furthermore, Guild is proactive in connecting potential homebuyers to localized Down Payment Assistance programs, underlining their commitment to aiding clients in the homebuying process. Pros Cons
Guild Mortgage Review
Overall
Very unhappy with guild mortgage it took forever to get the home loan processed than the fly by night (anchor)insurance company they put on loan to close then sold our loan to another company. May a hail storm come through beat the roof up I contacted guild they tell me they can’t help me they don’t have our loan anymore the fly by night anchor insurance co sent a letter they can’t cover our home anymore due to the roof now charging me depreciation value and we just bought the house. Guild mortgage claims the office that done our loan closed and they can’t do anything to help us to contact the new loan company and I did they told me it was guild mortgage… well I’ve been sent around the world with this deal and guild mortgage are still in business but still claims it’s not their problem . Marie Tucker was one of the worst person to get a loan with with guild mortgage… Don’t know what good this does but be sure you on top of your loan when dealing with guild mortgage.