Best Mortgage Brokers in Hoover

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David Karcher The Reverse Mortgage Guru logo
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License Verified:

License: 424981

Nationwide Multistate Licensing System and Registry

David Karcher The Reverse Mortgage Guru

4256 Cahaba Heights Ct, Birmingham, AL 35243
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  • Reverse Mortgages

Business Description

David Karcher is a mortgage professional who has been in the industry since 1998. He has helped over 1,000 clients in the Hoover community, ranging from adults, children, and seniors to advisors and real estate professionals. He also holds the title of the Reverse Mortgage Guru. Karcher conducts mortgage transactions under SimpleReverse Lending, addressing the needs of people looking to pay for in-home health care, refinance their loans, retire an existing mortgage, supplement their income, and improve their cash flow.

License Verified:

License: 424981

Nationwide Multistate Licensing System and Registry

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
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MortgageBanc logo
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License Verified:

License: 220395

Nationwide Multistate Licensing System and Registry

MortgageBanc

2007 Eagle Ridge Drive, Birmingham, AL 35242
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  • Multi-Family Loans

Business Description

MortgageBanc is a local mortgage lender that caters to clients in and around Hoover. It offers a range of loan products, from conventional loans, FHA, USDA, VA, and jumbo loans, to reverse mortgages. It provides physician and renovation loan mortgages, refinancing loans, and fixed-rate and adjustable-rate mortgages. MortgageBanc is a Birmingham-based branch of Fairway Independent Mortgage Corporation and has been in the industry since 2003. Its team has over 100 years of combined experience in the mortgage industry.

License Verified:

License: 220395

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (342)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
MortgageRight Birmingham logo
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License Verified:

License: 2239

Nationwide Multistate Licensing System and Registry

MortgageRight Birmingham

1 Perimeter Park South, Suite 230 South, Birmingham, AL 35243
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  • Commercial Loans

Business Description

MortgageRight Birmingham is a direct lender that serves Hoover. It shares its expertise in conventional, jumbo, USDA, and FHA mortgages with clients who are buying a new home. The company comprises over 10 loan officers who also assist homeowners in refinancing loans to pay off mortgages within a shorter period or cash out on equity for remodeling or education funding purposes. One of MortgageRight's founders, Joe Meadow, is a former US Army soldier who helps fellow veterans become homeowners through VA loans.

License Verified:

License: 2239

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.8 / 5 (272)
Facebook
4.9 / 5 (67)
Yelp
4.5 / 5 (16)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Nick Fowler logo
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License Verified:

License: 1746597

Nationwide Multistate Licensing System and Registry

Nick Fowler

Hoover, AL 35022
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  • New Construction

Business Description

Nick Fowler is a mortgage broker serving Hoover and nearby locations. He is licensed to practice in Alabama, Florida, and Tennessee. Fowler helps clients apply for a reverse mortgage, a loan option for seniors which allows homeowners to convert their home equity into cash without monthly mortgage payments. Other options include 203K, USDA, fixed-term, and FHA loans. He is a first-time home buyer and experienced home investor who was recently named one of Alabama's Top 20 mortgage brokers.

License Verified:

License: 1746597

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Nu Source Lending Mortgage Corporation logo
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License Verified:

License: 189390

Nationwide Multistate Licensing System and Registry

Nu Source Lending Mortgage Corporation

2080 Valleydale Rd., Hoover, AL 35244
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  • Reverse Mortgages
  • Refinance

Business Description

Nu Source Lending Mortgage Corporation caters to clients across the Hoover metro and the surrounding areas. Its team focuses on helping individuals and families purchase homes suitable for their personal interests and financial goals by offering mortgage loan programs. These options include VA, USDA, FHA, and conventional loans. In addition, it offers assistance to clients wishing to apply for construction, mobile home, and rehab loans. Refinancing services are also available. The company has been operating since 2007.

License Verified:

License: 189390

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (8)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Teacha Davis logo
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License Verified:

License: 2100652

Nationwide Multistate Licensing System and Registry

Teacha Davis

4625 Valleydale Road, Hoover, AL 35242
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  • Refinance

Business Description

Teacha Davis is a mortgage banker from LeaderOne Financial Corporation who serves individuals, couples, and families in and around the Hoover metro. She handles matters related to residential home loans for real estate purchases and refinances, helping match clients with loan products that suit their particular needs. The options include FHA, VA, USDA, conventional, and jumbo mortgages. The company has been operating since 1992 and provides financing for approximately $2 billion in mortgages annually for new and existing homes.

License Verified:

License: 2100652

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Realtor
5.0 / 5 (6)
The Hutson Company logo
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License Verified:

License: 220330

Nationwide Multistate Licensing System and Registry

The Hutson Company

1244 Main Street, Gardendale, AL 35071
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  • Refinance

Business Description

The Hutson Company handles the needs of home buyers and owners and real estate professionals in the Hoover metro and the surrounding locations. The company offers customers different types of mortgage products, which include home purchase mortgage loans for new and existing homes and refinance loans for existing mortgages. These loan programs include conventional, FHA, USDA, and VA loans. The Hutson Company has been assisting clients to navigate the home-buying process for more than three decades.

License Verified:

License: 220330

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (6)
Google
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
The Mortgage Soldier logo
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License Verified:

License: 2239

Nationwide Multistate Licensing System and Registry

The Mortgage Soldier

1 Perimeter Park S Suite 130, Birmingham, AL 35243
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  • New Construction

Business Description

The Mortgage Soldier is a veteran-owned firm that caters to individuals and families around Hoover. It is headed by Joe Meadow, an advocate for veteran homeownership who provides retired military personnel with loans that cover their goals involving new home purchases. He uses his knowledge and understanding of lending requirements and factors to guide potential applicants as they navigate each step of the mortgage process. Throughout his career in the industry, he has closed more than 500 VA loans.

License Verified:

License: 2239

Nationwide Multistate Licensing System and Registry

Weber Mortgage logo
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License Verified:

License: 219938

Nationwide Multistate Licensing System and Registry

Weber Mortgage

1442 Montgomery Hwy, Vestavia Hills, AL 35124
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  • Refinance
  • New Construction

Business Description

Weber Mortgage is a family-owned company that has been in the industry for over 21 years. It is under the management of second-generation mortgage professionals who work with Hoover customers purchasing their first home or seasoned real estate investors. Its brokers provide various loan options, including jumbo, FHA, USDA, and VA loans, as well as cash-out refinance. They navigate borrowers through the loan process, which involves obtaining the pre-approval letter, viewing homes, submitting the necessary documents, underwriting, and closing.

License Verified:

License: 219938

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.3 / 5 (87)
Facebook
4.9 / 5 (44)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
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Frequently Asked Questions

Do mortgage brokers need to be licensed?

Yes, all mortgage brokers need to be licensed. Individuals need to complete a 20-hour class that goes over state and federal laws for mortgages and other important information. Next, individuals take the official test with the National Mortgage Licensure System.

Is it difficult to pass the mortgage brokers’ test?

Upon completion of educational requirements, you must pass the mortgage broker test to receive your license. It's a two-part test called the Safe Mortgage Loan Originator Exam, and it can be a bit challenging. Out of almost 87,600 national test-takers, 57% passed on their first attempt. The test includes both a state and national portion and requires a minimum score of 75% to pass.

What is a surety bond for mortgage brokers?

A surety bond is a legal contract that binds three parties — the obligee, the principal, and the surety. Surety bonds are typically required to receive a license for operating as a mortgage broker. When a mortgage broker gets a surety bond, it's a legal guarantee they'll perform their obligations to their customers as required by law.

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