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Best Mortgage Brokers in Downey

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8141 2nd Street, Downey, CA 90241
Downey, CA 90241
  • Refinance
  • Reverse Mortgages

First Choice Lending is a full-service mortgage lending company serving clients' financial needs in Downey and nearby localities. It assists individuals and families in realizing their homeownership goals by providing a variety of mortgage plans akin to their needs. Its mortgage lenders specialize in traditional home loans, jumbo loans, and government loans like VA and FHA. The team also offers reverse mortgages and private funding loans. First Choice Lending has been supporting homebuyers for over two decades.

8141 2nd Street, Downey, CA 90241
Downey, CA 90241

Website(562) 396-5050

Show Number

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.

Online Profiles:

2 (Better)

Average Review Score:

5 / 5 ( Best)

Total Reviews:

2 (Good)

Score Consistency:

Consistent (Best)

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.

Responsiveness: A+

Friendliness: A+

Helpfulness: A+

Detail: A+

8103 3rd Street, Downey, CA 90241
Downey, CA 90241
Instagram
  • Refinance

Elite Mortgage Pros is a brokerage firm that serves Downey and the surrounding areas. It offers home purchasing and refinancing products such as FHA loans, VA loans, conventional loans, 30-year fixed-rate programs, and first-time buyer assistance programs. For clients looking to consolidate their debt or reduce their payments or interest rates, the company offers 30-year and 15-year refinancing loans with fixed rates. Additionally, Elite Mortgage Pros offers an expedited screening process wherein preapprovals/prequalifications can be available within 24 hours.

8103 3rd Street, Downey, CA 90241
Downey, CA 90241

InstagramWebsite(562) 291-6696

Show Number

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.

Online Profiles:

1 (Good)

Average Review Score:

5 / 5 ( Best)

Total Reviews:

4 (Good)

Score Consistency:

Consistent (Best)

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.

Responsiveness: A+

Friendliness: A+

Helpfulness: A+

Detail: --

9095 Telegraph Road, Downey, CA 90240
Downey, CA 90240
  • Refinance
  • Multi-Family Loans
  • Purchase

Homes By Gpsolano offers mortgage solutions in Downey and the surrounding areas. The agency funds its clients in acquiring their individual dream homes. Its team creates a personalized system out of customers' property goals and preferences. Broker Georgette Solano is a member of the Institute for Luxury Home Marketing. She provides services to clients with the help of her son, Miguel, who is a Realtor, and her bilingual assistant, Rosio Castaneda. One of her clients described Georgette as someone who works hard to solve mortgage problems.

9095 Telegraph Road, Downey, CA 90240
Downey, CA 90240

Website(562) 271-7699

Show Number

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.

Online Profiles:

1 (Good)

Average Review Score:

5 / 5 ( Best)

Total Reviews:

1 (Good)

Score Consistency:

Consistent (Best)

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.

Responsiveness: A+

Friendliness: A+

Helpfulness: A+

Detail: A+

17409 Marquardt Avenue, Cerritos, CA 90703
Cerritos, CA 90703
  • Refinance

The Mortgage Solution provides mortgage loan options to homeowners in the Downey area. It specializes in residential loans that cover home purchase, refinancing, and refinance cash-outs for single-family and multi-family homes as well as condos. The company offers fixed-rate, adjustable-rate, FHA, and VA loans. In addition, it works with different lenders to provide a variety of loan products and choices to clients. The Mortgage Solution has mortgage calculators to help clients analyze and compare the available loans.

17409 Marquardt Avenue, Cerritos, CA 90703
Cerritos, CA 90703

Website(888) 768-3918

Show Number

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.

Responsiveness: A+

Friendliness: A+

Helpfulness: A+

Detail: A+

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.

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