Expertise.com
2024

Last updated:

Best Mortgage Brokers in Alameda

Our Recommended Top 6

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Alameda Mortgage Brokers on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

25

Reviewed

17

Curated

6

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
883 Sneath Ln, Suite 227, San Bruno, CA 94066
  • FHA and VA mortgages
  • Mortgage Loans
  • Mortgage
  • Conventional Loans
  • First time buyers
  • Mortgage Brokers

Why choose this provider?

The brokers of Presto Home Loans serve Alameda clients with mortgage offerings. They guide people in the process of applying for mortgages or refinancing. The firm offers help in getting programs such as 15- and 30-year fixed rate mortgages, loans with adjustable interest rates, and home loan guarantee programs. It also provides balloon, buy down, non-conventional, and investor loans. The company’s staff is experienced in processing Super Jumbo, Jumbo, and conforming mortgage loans. The mortgage administrators and brokers of Presto Home Loans have worked for several years with major lenders.

License Verified:

License: 1499621

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.
4.7
Facebook
5.0 / 5 (29)
Google
4.6 / 5 (28)
Yelp
1.0 / 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.
4.8
Responsiveness
Friendliness
Helpfulness
Detail

Price: Free consultation

Alameda, CA

Why choose this provider?

Need help contacting a Mortgage Broker in Alameda? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

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

Price: Free booking service | Call 848.Book.Pro!

Website
1151 Harbor Bay Parkway, Alameda, CA 94502
  • Refinance

Why choose this provider?

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
Yelp
5.0 / 5 (30)
Zillow
5.0 / 5 (30)
Google
5.0 / 5 (24)

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

Website
35 Cork Road, Alameda, CA 94502
  • Refinance
  • New Construction

Why choose this provider?

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 (68)

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

Website
303 Adams St., Oakland, CA 94610
  • Refinance

Why choose this provider?

Joe Starkey is a mortgage broker, coach, and Realtor who operates in and around the Alameda area. Starkey’s mission is to accelerate his clients’ financial independence by offering mortgage and refinancing programs with lower interest rates. He believes that giving home buyers financial knowledge demystifies mortgages for them and provides them with self-reliance in getting loans on their terms. Starkey started working in the real estate and mortgage industry in 2005. He works in partnership with SELFi.

License Verified:

License: 2088256

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

Website
433 Hegenberger Rd Suite A, Oakland, CA 94621
  • Refinance

Why choose this provider?

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
Yelp
5.0 / 5 (71)

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

Frequently Asked Questions

  • Introduction

    It’s the American dream to buy property, and almost everyone who purchases a home does so with the help of a mortgage broker. It can be intimidating when you don’t know where to begin, what information is necessary, and how to receive a loan. A mortgage broker acts as an intermediary between the applicant and the financial institution.


    The mortgage broker’s role includes comparing loan terms across lenders to find applicants the best options, collecting paperwork the financial institution needs to analyze the application, and guiding the buyer through the underwriting and closing processes. Mortgage brokers can significantly simplify the home buying process.

  • Can mortgage brokers work across state lines?

    Yes, mortgage brokers can work across state lines. However, each state has different licensing requirements for mortgage brokers. Customers should ensure their broker can legally work in another state before going across state lines. Lastly, don’t forget the mortgage process is often time-sensitive, so being in different time zones can be problematic.

  • How do mortgage brokers find lenders?

    Mortgage brokers work independently and act as a bridge between the client and the lender. They reach out to several lenders to form a network and build professional relationships with those they work with often. They use lenders who best meet a client's rates and terms, and some lenders only do business through mortgage brokers.  

  • What credit score do mortgage brokers use?

    There are two credit scoring models in the United States: FICO and VantageScore. Mortgage lenders typically prefer to use FICO. However, each credit bureau uses a different version of the FICO score:

    • Experian uses FICO Score 2
    • Equifax uses FICO Score 5
    • TransUnion uses FICO Score 4

  • Do mortgage brokers help with refinancing?

    Yes, mortgage brokers can help with refinancing. Individuals who have a solid credit score will typically go to their bank to refinance their mortgage. However, if you don't have excellent credit, a mortgage broker may be able to secure you a better interest rate than you could get on your own.

    You pay a fee to the mortgage broker, so you'll want to consider this fee versus your savings in your cost-benefit analysis.
  • Can you work with two mortgage brokers?

    You can definitely work with two mortgage brokers. The advantage of using multiple brokers is that you'll have two people reaching out to several lenders to secure the best rate possible. However, you must ensure you provide matching information to all your brokers. If two brokers provide mismatched information about your application to the same lender, it can send off red flags and delay your approval process.

  • Do mortgage brokers get better deals?

    Yes, a mortgage broker should be able to get you a better deal. Mortgage brokers go to several lenders on your behalf and find the one with the best terms and interest rates. However, note that some mortgage brokers have preferred lenders. A broker may bring you their preferred lender's offer, even if it's not the best one; however, this isn't a regular practice.