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Have questions about the Quicken Loans good-faith deposit? We have answers!

Our amazing mortgage process is enhanced by the Quicken Loans deposit. Get started on your loan right away.

Find out more about the Quicken Loans deposit, and how it gives you one of the most streamlined loan processes available here!

Part of the Quicken Loans AMAZING mortgage process may involve accepting a good-faith deposit. This money covers the costs incurred to process your loan, including pulling your credit report, getting an appraisal, and processing the title. But don’t worry; we’ll manage all of that for you and get you to the closing table as soon as possible.

To learn more about the deposit, read our frequently asked questions below.

What is the Quicken Loans deposit used for?

How much is the Quicken Loans deposit?

The deposit amounts vary – anywhere from $400-$750. The actual amount can be found on your Deposit Agreement, which explains our deposit policy in detail.

You can use credit, debit and prepaid Visa® or MasterCard® gift cards for your full deposit amount. Your Home Loan Expert will take care of this for you. We don’t accept checks, money orders or cash, as they tend to add weeks of processing time. We take pride in making this a fast, easy, and most of all, AMAZING mortgage process.

When is the Quicken Loans deposit refundable?

Your deposit may or may not be refundable, depending on the status of your loan. Here are two deposit scenarios:

Who do I contact with questions about the Quicken Loans deposit?

Start with your Home Loan Expert. You can also call our Client Relations team at (800) 863-4332. They can answer any questions you have about the deposit.

We’ve helped more than 2 million families purchase a home or refinance their mortgage. Accepting a deposit to work on your behalf ensures a speedy and smooth process – a process that more than 90% of Quicken Loans clients would recommend to their friends and family.

Client satisfaction is very important to us. We do everything possible to make sure you’re happy with our process, and if you have any feedback, we want to hear it! You can contact our Client Relations team at the number above, or email us at You can read real Quicken Loans Reviews by the people who know us best – our clients.

Closed client surveys - see details

Based on a Quicken Loans market research questionnaire of clients whose loans closed between 1/1/2020 and 6/30/2020.