Do Quicken Loans offer to pay closing costs for borrowers?

Quicken Loans, known for its online mortgage lending service, doesn't typically cover closing costs for borrowers outright. Instead, they provide options to structure deals differently. For example, they might offer lender credits, where the borrower accepts a higher interest rate in return for reduced upfront fees. This can indirectly alleviate some of the closing cost burden. Additionally, Quicken Loans may have certain promotions or deals at different times which could potentially help cover some costs, but such offerings would be dependent on specific terms and conditions at the time of the agreement. It's important for borrowers to discuss and thoroughly understand their loan terms and closing costs with their Loan Specialist when considering any mortgage product.