Expertise.com

Best Mortgage Brokers in Montgomery

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Mortgage Brokers FAQs

Learn more
First Community Mortgage logo

First Community Mortgage

3090 Alabama 14, Millbrook, AL 36054
Visit Website
  • Refinance

First Community Mortgage is a mortgage brokerage firm locally owned by First Community Bank of Central Alabama. Serving the community of Montgomery, it offers government loan programs, such as FHA and VA loans, as well as USDA and conventional loans. In addition, the firm provides home refinancing options for clients looking to lower their monthly payments, consolidate their debt, or get a shorter term loan. Ramona Carter, the company's mortgage loan officer, has more than 23 years of experience in financing homes.

Visit Website
Hamilton Mortgage logo

Hamilton Mortgage

702C Commerce Ct, Prattville, AL 36066
Visit Website
  • New Construction
  • Refinance

Hamilton Mortgage helps its Montgomery-based clients in choosing a mortgage solution for their real estate needs. The gives its clients a two-step process in securing a loan through its website and an assigned real estate agent. Clients can choose between a fixed-rate mortgage and an adjustable-rate mortgage based on their income and credit rating. Fixed-rate mortgages can be fulfilled within a 15-year period or a 30-year period, while adjustable-rate mortgages can accommodate the client's monthly, annually, or hybrid payment options.

Visit Website
Jimmy Parsons logo

Jimmy Parsons

1943 Berry Chase Place, Montgomery, AL 36117
Visit Website
  • Reverse Mortgages

Jimmy Parsons is a mortgage broker at Guild Mortgage who serves clients in Montgomery. Parsons and his team assist first-time homebuyers, rural residents, and military families in acquiring financial assistance to purchase their new homes through a mortgage loan. The group partners with multiple lenders that can provide a variety of home loan options, such as conventional, FHA, VA, USDA, jumbo, and bridge loans. The team also helps existing homeowners refinance their current mortgage. Past clients commended Parsons and his team for delivering beyond expectations.

Visit Website
LanMac Mortgage, LLC logo

LanMac Mortgage, LLC

155 Coliseum Boulevard, Montgomery, AL 36109
Visit Website
  • Refinance

LanMac Mortgage, LLC, is a brokerage firm that serves clients in Montgomery and the surrounding communities. It offers a variety of mortgage loan programs such as investment, USDA, FHA, VA, and conventional loans. It also provides mortgage and cashout refinance options. LanMac Mortgage's manager, Sharon Gardner, has been in the mortgage industry for a decade. Her team works with clients throughout the mortgage process and aims to turn the clients' dream of homeownership into reality.

Visit Website
Mortgage Corporation of the South logo

Mortgage Corporation of the South

401 South Main Street, Wetumpka, AL 36092
Visit Website
  • New Construction

Mortgage Corporation of the South is a full-service mortgage brokerage that serves the Montgomery area. It works with lenders to help customers find loan policies for their mortgage and refinancing needs. It specializes in developing equity loans for lands, mobile homes, and automobiles. The agents at this company consider a range of variables that can make it easier for borrowers to get accepted during the loan approval process. Mortgage Corporation has been in the industry for over 21 years

Visit Website
Real Estate Funding logo

Real Estate Funding

8421 Crossland Loop, Montgomery, AL 36117
Visit Website
  • New Construction
  • Refinance

Real Estate Funding is a home loan and refinancing company that is located in Montgomery. It caters to both first-time homeowners and home buyers, comparing and contrasting different loan programs such as conventional, FHA, and jumbo loans. It also assists those with existing loan contracts and compares them to refinancing alternatives, cash-out programs, and streamline loans. Real Estate Funding works closely with multiple local Realtors and can help potential buyers find available houses to rent or to own.

Visit Website
Back to Providers

Frequently Asked Questions

Q: Do mortgage brokers need to be licensed?

A: 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.

Q: Is it difficult to pass the mortgage brokers’ test?

A: 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.

Q: What is a surety bond for mortgage brokers?

A: 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.

Read All FAQS

Wrong city? Here are some nearby places:

Search for Mortgage Brokers near you