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Zillow’s mobile applications are some of the most frequently downloaded in the real estate industry. Now, it is adding a new offering to the lineup. Today, the Seattle company introduced the Zillow Mortgage Marketplace app, allowing iPhone users to calculate mortgage payments and receive personalized loan quotes while on the go.

“With one touch of a finger, the borrower can then immediately connect with lenders of their choice and begin the process of securing a home loan, right from their iPhone,” the company writes in a description of the service.

The free app also features an “affordability calculator,” designed to help home shoppers figure out how much they can actually afford given income levels and mortgage payments.

The mobile app is an extension of the company’s popular Web-based mortgage marketplace, which launched in April 2008.

Last month, the company said that its mobile applications were used to view 1.8 million homes, roughly 21 homes per second.


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