Best Mortgage Brokers in Alameda

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Mortgage Brokers FAQs

Learn more
California Real Estate Finance logo
Visit WebsiteWebsite

License Verified:

License: 1162378

Nationwide Multistate Licensing System and Registry

California Real Estate Finance

35 Cork Road, Alameda, CA 94502
Visit WebsiteWebsite
  • Refinance
  • New Construction

Business Description

California Real Estate Finance serves clients throughout Alameda and the surrounding areas. The company has helped clients since 1988 and has created loan programs such as the NO-COST loan. Its team educates clients on the different types of mortgages and assists clients in selecting a loan program that suits their needs and financial situation. Richard Pavao, the president of the company, started as a loan processor for FHA and VA loans. Clients can apply for a mortgage loan online through the company's website.

License Verified:

License: 1162378

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
Yelp
5.0 / 5 (74)

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
California Real Estate Services logo
Visit WebsiteWebsite

License Verified:

License: 359458

Nationwide Multistate Licensing System and Registry

California Real Estate Services

433 Hegenberger Rd Suite A, Oakland, CA 94621
Visit WebsiteWebsite
  • Refinance

Business Description

California Real Estate Services offers personalized mortgage solutions to Alameda clients. Whether first-time homebuyers or seasoned investors, it helps borrowers obtain loan programs that fit their needs based on their unique criteria and scenarios. Its loan officers keep up-to-date on the changing market conditions and advise on different financing options, such as ARM, conforming, FHA, jumbo, USDA, and VA programs. The company also refinances existing mortgages for people seeking to change the terms, reduce interest rates and monthly payments, or cash out from their homes’ equity.

License Verified:

License: 359458

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 (1)

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
Fresh Home Loan logo
Visit WebsiteWebsite

License Verified:

License: 2124104

Nationwide Multistate Licensing System and Registry

Fresh Home Loan

1151 Harbor Bay Parkway, Alameda, CA 94502
Visit WebsiteWebsite
  • Refinance

Business Description

Fresh Home Loan is open to Alameda-based mortgage applicants who wish to buy new homes or refinance their loans. Its comprehensive application process considers each client's credit score and total assets, as well as marketing conditions and interest rates. It also has HELOC options available for those seeking to improve their properties, consolidate their debts, and obtain funds for emergency spending. Its team is headed by Garrick Werdmuller, whose knowledge and familiarity with lending processes and mortgage programs spans more than 15 years.

License Verified:

License: 2124104

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 (21)

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
Back to Providers

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.

Read All FAQS