Can Quicken Loans approve loans for individuals with bad credit?

Quicken Loans examines various factors when considering loan applicants, including credit scores. While a higher credit score improves the likelihood of loan approval and can secure more favorable terms, Quicken Loans doesn't solely rely on credit to make its decisions. They take a comprehensive look at each applicant's financial profile, which includes income, employment history, and the size of the down payment. Although it is more challenging, individuals with less-than-stellar credit might still obtain approval if other aspects of their financial situation are strong. However, borrowers with bad credit should expect higher interest rates and may need to explore additional loan options tailored for those with weaker credit histories.