Terms and Conditions
1. Offer Terms
The mortgage loan and mortgage services (including offer benefits) are provided exclusively by Quicken Loans, LLC (doing business as “Rocket Mortgage® by Quicken Loans”) (“Quicken Loans”) and are not provided, underwritten or serviced by American Express. This offer does not constitute an endorsement or recommendation of Quicken Loans or its mortgage services by American Express. American Express is not responsible for any of the activities of Quicken Loans. American Express’ responsibility is limited to posting the statement credit to your account based on the data it receives from Quicken Loans.
Quicken Loans is solely responsible for making all credit and lending decisions including determining whether the mortgage loan meets eligibility requirements and the statement credit amount. For questions, please call Quicken Loans at 866-697-3507. American Express does not control mortgage lenders’ rates or fees, and this offer should not be relied on as a sole basis for determining the cost of your mortgage. Mortgage rates will vary by lender and you should shop around for the rate that is best for you.
This offer is not a commitment to lend, nor a guarantee that you will be approved for a mortgage from Quicken Loans.
Offer only available on conforming or jumbo purchase or refinance loans. Offer cannot be retroactively applied to previously closed loans or to loan applications that are already submitted. Offer does not apply to loans submitted to Quicken Loans through a mortgage broker, Agency Plus loans, Portfolio Products, and Advantage Products. Offer cannot be combined with any other discounts or promotions. Acceptance of this offer constitutes acceptance of these terms and conditions. Additional restrictions/conditions may apply. This offer may be modified or revoked in whole or in part at any time.
This offer is only available for mortgages on properties located in Washington, DC and the 50 United States.
2. Card Member Eligibility
This offer is only available to basic account holders of a personal consumer American Express Card, issued by a U.S. banking subsidiary of American Express (“eligible Card Members”), that meet the following requirements:
(a) Before you submit your loan application, either: Create or sign into your account at https://www.rocketmortgage.com/amex OR call the dedicated number (866-697-3507); and
(b) Submit a completed loan application between 6/29/21 and no later than 10/2/22 (“Apply By Date”). You are considered to have submitted a completed loan application when Quicken Loans has received your completed uniform residential loan application; and
c) Qualify for and successfully close on your mortgage loan with Quicken Loans by 1/5/23 (the “Close-by-Date”).
This offer is not available to: Additional Card Members or holders of American Express Corporate Cards, Small Business Cards, Prepaid Cards and products, and American Express-branded cards or account numbers issued by other financial institutions.
3. Statement Credit
To receive the statement credit, the eligible Card Members must be a borrower or co-borrower(s) on the loan application and provide the first 11 digits of their own American Express card account number when prompted by Quicken Loans. The card account must not be in cancelled status at the time the statement credit is applied.
Card Members will not receive a statement credit if their mortgage:
(1) closes after 1/5/23 “Close-by-Date” for any reason, including delays caused by events out of their control; (2) is not successfully funded; or (3) closes before 6/29/21.
Quicken Loans, in its sole discretion, will determine the statement credit amount ($2,000 for a conforming loan OR $6,000 for a jumbo loan) at loan closing. American Express will post the statement credit based on the data it receives from Quicken Loans. Statement credits are limited to one per mortgage loan.
A conforming loan includes government and conventional loans. To learn more about conforming and jumbo home loans, call Quicken Loans at 866-697-3507 or click here.
The statement credit will be applied to an eligible Card Member’s account 8-12 weeks after their mortgage loan is funded. There may be situations where Quicken Loans needs to contact the Card Member to confirm details related to statement credit fulfillment. In these cases, there may be a delay in applying the statement credit to the account if Quicken Loans is unable to reach the Card Member in a timely manner. The value of the statement credit may be taxable income for Card Members, and they are responsible for any federal, state, or other taxes resulting from this offer. Card Members should consult a tax advisor with any questions about the tax treatment of statement credits.
The statement credit will not count as a payment towards your Minimum Payment Due, and you must pay your Minimum Payment Due in full by your due date.
4. Dedicated Home Loan Expert
Eligible Card Members will have access to the assistance of a “Dedicated Home Loan Expert” (dedicated to servicing this offer), available by calling 866-697-3507. The Dedicated Home Loan Expert will be the primary point of contact for eligible Card Members and can facilitate their online, digital application through closing. Other Quicken Loans team members may contact Card Member on an as-needed basis. If a Card Member had an existing relationship with a Quicken Loans Home Loan Expert, that individual will continue to be their primary point of contact.
5. Lender Origination Fees Waived
Eligible Card Members will pay no lender origination fees (loan processing and underwriting fees). Closing costs and third-party costs apply, including appraisal fees, credit report charges, escrow agent charges, third-party settlement fees, charges for points and other fees and charges. A deposit may be taken with a submitted application and is applied to third party fees.
6. America’s Largest Mortgage Lender
Quicken Loans is America’s Largest Mortgage Lender, based on a 2020 Top Retail Originators ranking published by Inside Mortgage Finance.
Quicken Loans, LLC; NMLS #3030; www.NMLSConsumerAccess.org.. Equal Housing Lender. Licensed in 50 states. AL License No. MC 20979, Control No. 100152352. AR, TX: 1050 Woodward Ave., Detroit, MI 48226-1906, (888) 474-0404; AZ: 1 N. Central Ave., Ste. 2000, Phoenix, AZ 85004, Mortgage Banker License #BK-0902939; CA: Licensed by Dept. of Business Oversight, under the CA Residential Mortgage Lending Act and Finance Lenders Law; CO: Regulated by the Division of Real Estate; GA: Residential Mortgage Licensee #11704; IL: Residential Mortgage Licensee #4127 – Dept. of Financial and Professional Regulation; KS: Licensed Mortgage Company MC.0025309; MA: Mortgage Lender License #ML 3030; ME: Supervised Lender License; MN: Not an offer for a rate lock agreement; MS: Licensed by the MS Dept. of Banking and Consumer Finance; NH: Licensed by the NH Banking Dept., #6743MB; NV: License #626; NJ: New Jersey – Quicken Loans Inc., 1050 Woodward Ave., Detroit, MI 48226, (888) 474-0404, Licensed by the N.J. Department of Banking and Insurance.; NY: Licensed Mortgage Banker – NYS Banking Dept.; OH: MB 850076; OR: License #ML-1387; PA: Licensed by the Dept. of Banking – License #21430; RI: Licensed Lender; WA: Consumer Loan Company License CL-3030. Quicken Loans, 1050 Woodward Ave., Detroit, MI 48226-1906
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