Does applying for a loan with Quicken Loans result in a hard credit inquiry?

Yes, applying for a loan with Quicken Loans does result in a hard credit inquiry. When an individual submits a loan application, Quicken Loans, like most lenders, performs a thorough review of the applicant's credit history to determine creditworthiness. This process includes a hard credit pull, which is standard practice in the industry for mortgage lending. A hard credit inquiry can have a temporary negative impact on a person's credit score, as it indicates that the individual is seeking new credit. It's important to note that while shopping for the best rates, multiple hard inquiries for the same type of loan within a specific time frame are typically treated as a single inquiry, minimizing the impact on one's credit score.