Overview
We invest in our people as much as our technology.
When we began our journey 24 years ago, we were on a mission to deliver more value to customers than any other bank or mortgage company.
Rate was built on the principles of low rates, groundbreaking technology, complete transparency, excellent customer service and a quick, easy mortgage experience. We knew that to achieve the mission of being the best mortgage company for customers, we also needed to be the best mortgage company for employees and referral partners. We achieved that by innovating superior systems and technology to make the mortgage process easier and more transparent for everyone, and by creating a culture of positivity in which people have the opportunities to improve their lives and achieve their dreams.
This mission has led Rate through an impressive journey of growth. Within the first three years, the company became Chicago’s largest independent mortgage lender. The next twenty years have seen significant growth, and in 2023 funded over $35 billion across all Rate Companies.
Better technology means a better advantage for you. We’ve had an impressive journey of innovation over the past 24 years: In July 2015 we launched the world’s first digital mortgage that brought the mortgage process into the 21st century with online applications that can be completed in as little as 15 minutes! In 2019, we launched another digital innovation with FlashClose™, which vastly simplified the traditional closing process, saving customers and real estate agents time at the closing table by allowing most paperwork to be reviewed and signed ahead of closing.
In 2023, we announced the launch of Same Day Mortgage™, a cutting-edge technology able to deliver a loan approval in 24 hours. To date, over $4 billion has been funded through Same Day Mortgage™. We then introduced PowerVP™, a mobile app designed to empower Loan Officers with robust tools that allow their customers to beat their homebuying competition with speed and ease. The same year, we also launched the Rate App™, created to take a holistic approach to reducing stress by offering a comprehensive suite of financial services and personal well-being tools.
We understand money can be a stressor, and we aim to make handling your finances even simpler. Having the right products and tools for your unique situation is essential and we’re here to guide you every step of the way.
Our Same Day Mortgage empowers you to get approved for the home of your dreams in 24 hours.
Our app is here to increase your financial confidence. Get a mortgage approval in 1 day, apply for a HELOC in minutes, and stay linked with our team 24/7!
Estimate your monthly payments, calculate interest and breakdown payments so you know exactly what to expect when it comes to your mortgage.
No matter where you are in life, we provide you access to the top financial tools. From HELOC6 to GR insurance5 to so much more, you’ll have what you need to succeed.
*Data pulled from Rate’s Client Satisfaction Surveys (Averaged 2023) .
3Rate’s Same Day Mortgage promotion offers qualified customers who provide certain required financial information/documentation to
4Loans are made by Rate, Inc. (NMLS ID 2611). Standard fixed rates from 10.99% to 21.99% APR. With a 0.25% autopay discount established at loan origination with an automated monthly debit from a qualifying deposit account for repayment, fixed rates range from 10.74% to 21.74% APR. Loan amounts range from $4,000 - $50,000 and are subject to state requirements. Loan proceeds cannot be used for post-secondary education expenses or to purchase cryptocurrency or securities. Terms and Conditions: You must be 18 years of age or older (19 years of age or older in Alabama). To qualify, a borrower must be a US citizen, a permanent resident, or a non-permanent resident in the US on a valid, long-term visa. All loan applications are subject to credit review and approval as well as income and employment verification. You must meet our minimum requirements established for this offer including, but not limited to, credit history, debt-to-income ratio, and application information. Your actual rate depends on your requested loan amount, loan term, creditworthiness, and a variety of other factors. Loan amounts range from $4,000 - $50,000. Rates and loan amount may differ due to state-specific requirements and may impact your ability to qualify for a loan. Limitations: FL, ME, NC, TX, VT, PA, CT, LA, KS, SC, WY, RI, MA, MN, CO, AR and IA (rate); IL, MA, CA, RI, NM and SC (amount); OH (duration). The lowest rate advertised is reserved for the most creditworthy borrowers. Advertised rates and terms are current as of 11/09/23 and are subject to change without notice. Personal loans are only available in AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IL, IN, IA, KS, LA, ME, MA, MI, MD, MN, MO, ND, NC, NH, NJ, NM, OH, OK, PA, RI, SC, TN, TX, UT, VT, WA, and WY as of 11/09/23. Loan applications outside of these states will not be accepted at this time.
5Add disclaimers: Savings, if any, vary based on the consumer’s credit profile, interest rate availability, and other factors. Contact Rate for current rates. Restrictions apply. Rate, Inc. may choose to recommend Rate Insurance, LLC insurance. Rate, Inc. has 100% ownership and a direct or indirect financial interest in Rate Insurance, LLC (d/b/a Rate Insurance Agency, LLC in California (License 0K09890), New Hampshire (License 2065537), and Texas (License 2557056). You are not required to use Rate Insurance, LLC as a condition for, settlement of your loan on, or purchase, sale, or refinance of, the subject property. There are frequently other settlement service providers available with similar services. You are free to shop around to determine that you are receiving the best services and the best rate for these services.
6Rate's home equity line of credit (HELOC) is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. This product is currently not offered in the states of New York, Kentucky, Texas, West Virginia, Delaware and Maryland. The HELOC requires you to pledge your home as collateral, and you could lose your home if you fail to repay. Borrowers must meet minimum lender requirements in order to be eligible for financing. Available for primary, second homes and investment properties only. Dependent on minimum credit score and debt-to-income requirements. Occupancy status, lien position and credit score are all factors to determine your rate and max available loan amount. Not all applicants will be approved. Applicants subject to credit and underwriting approval. Contact Guaranteed Raate for more information and to discuss your individual circumstances. Restrictions Apply.
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Please note that applications, legal disclosures, documents or other material related to Rate products or services promoted on this page are offered in English only. The Spanish translation of this page is for the convenience of our clients; however, not all pages are translated. If there is a discrepancy between the content of the translated page and the content of the same page in English, the English version will prevail.
Guaranteed Rate, Inc. d/b/a/ Rate may choose to recommend Rate Insurance, LLC. Guaranteed Rate, Inc. d/b/a/ Rate has 100% ownership and a direct or indirect financial interest in Rate Insurance, LLC. You are not required to use Rate Insurance, LLC.
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NMLS License #2611 - For licensing information, go to: www.nmlsconsumeraccess.org.
Arizona Mortgage Banker License #0907078
3940 N. Ravenswood Chicago, IL 60613
Operating as Guaranteed Rate, Inc. in New York.
The company name, Guaranteed Rate, should not suggest to a consumer that Guaranteed Rate provides an interest rate guaranteed prior to an interest lock.