Cherry Creek Mortgage (Now Guild Mortgage) Reviews

Guild Mortgage doesn’t disclose its mortgage rates online. The only way to see which rates you might qualify for is to begin the application process or connect with a loan officer in your area. Your loan officer will go over the loans and rates available to you.

Generally, mortgage rates vary based on several factors, such as a borrower’s credit history, income and debt-to-income (DTI) ratio. Borrowers with good to excellent scores and low DTI ratios typically are offered the best rates. Other influencing factors can include the type of mortgage you’re seeking, loan term, home price, property location, the amount you have for a down payment and current economic conditions.

» MORE: Current mortgage rates — check today’s rates

Guild Mortgage offers a broad range of loan types, including purchase loans, refinance loans, home equity loans and home equity lines of credit (HELOCs).

Purchase loans

Guild’s standard purchase loans include conventional mortgages (with fixed rates or adjustable rates) and government-backed loans. For government-backed loans, it has Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA) and U.S. Department of Agriculture (USDA) loans.

Homebuying assistance programs

Guild offers down payment assistance programs and low down payment programs, including zero-down, 1% down and MyPath2Own programs.

Non-qualified mortgages

Guild has non-qualified mortgages (non-QMs), which it refers to as expanded program loans. Some of its non-QMs include interest-only, individual tax identification number (ITIN) and bank statement mortgages.

Specialty loan programs

Guild has specialty loans such as:

• Jumbo loans
• Bridge loans
• Manufactured home loans
• Construction loans
• Renovation loans

Home equity loans

Guild offers home equity loans, HELOCs and reverse mortgages.

Refinance loans

Guild mortgage offers rate- and term-based refinance loans and cash-out refinancing.

You can start the mortgage application process by applying for a loan online. You can also reach out to a Guild Mortgage loan officer to start the process or request a loan officer to contact you. If you live near a branch, you can fill out an application in person.

Guild Mortgage application process features

The table below shows some of Guild Mortgage’s application process features:

Guild Mortgage lists many of its home loan requirements online. For conventional loans, it typically requires a minimum credit score of 620 and a minimum down payment of 3%, though it doesn’t list its minimum DTI ratio.

For government-sponsored mortgages, it requires a minimum credit score of 540 for FHA loans and USDA loans, though it doesn’t list its minimum score for VA loans. As demonstrated by the table below, this is different from what other lenders typically require.

Typical mortgage requirements by loan type

The table below shows typical mortgage requirements by loan type.

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Guild Mortgage doesn’t publish its origination fees or other loan costs. But if you choose to move ahead with an application, the company will send you a loan estimate, which includes estimated loan costs, including closing costs. Closing costs are typically 2% to 5% of the total loan amount.

Closing costs typically include origination and processing fees, plus fees for an appraisal, a title search, title insurance and recording. You may also have to pay homeowners insurance and private mortgage insurance (PMI) if your down payment is less than 20% on a conventional loan.