Expertise.com

2024

Last updated:

Best Mortgage Brokers in Redwood City

Our Recommended Top 10

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 Redwood City Mortgage Brokers on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

30Reviewed

22Curated

10Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
3875 Bohannon Dr, #2520, Menlo Park, CA 94026
  • Refinance

Why choose this provider?

For over 20 years, Serenity Home Loans has been guiding Redwood City residents throughout the financing process. It assists clients in obtaining fixed-rate mortgage loans to purchase high-end manufactured homes in California parks. Its loan officer, Bob Arabian, also offers refinancing options for borrowers seeking to lower their monthly payments or cash out to pay off high-interest debts. He helps clients determine the option that fits their finances, history, and needs. Arabian is also affiliated with the Craigville Mortgage Group.

License Verified:

License: 1952090

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 (4)

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
2799 Middlefield Rd, Palo Alto, CA 94301
  • Refinance
  • New Construction

Why choose this provider?

University Investments is a real estate financing company that serves clients in Redwood City and nearby areas. It offers purchase, refinance, and equity loans, working with clients from pre-qualification and loan selection to approval and closing. It provides fixed and adjustable mortgage rates. Its team conducts consultations and assesses clients' long-term goals and current financial situations and educates them on the loan process. University Investments has closed over $7 billion worth of mortgage loans since it was established in 1993.

License Verified:

License: 312162

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 (12)

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
235 E. Third Avenue, Suite 204, San Mateo, CA 94401
  • Refinance

Why choose this provider?

Mortgage Services is a brokerage and lending firm that provides residential loan products to people in Redwood City. It offers different types of programs, including conventional, jumbo, challenged credit, high debt ratio, construction, and investor loans. Mortgage Services was founded in 1985. One of its experts, Joe Lanam, has been in the industry for over 20 years and is the founding president of the San Francisco Peninsula Chapter of the California Association of Mortgage Brokers.

License Verified:

License: 236217

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 (3)
Google
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

Website
255 Shoreline Dr, Suite 300, Redwood Shores, CA 94065
  • Refinance

Why choose this provider?

Since 2015, Real Estate Exchange has been taking care of clients looking to buy or sell a home in Redwood City and the surrounding areas. Its team of mortgage brokers offers a wide variety of loan options, including conventional, jumbo, FHA, and VA loans, for first-time homebuyers. They also provide refinancing loan programs for borrowers with existing mortgages who want to get better rates. Real Estate Exchange has been featured on Bloomberg, The New York Times, The Wall Street Journal, and Forbes.

License Verified:

License: 1698411

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.
4.1
Facebook
4.1 / 5 (127)

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
675 Mariners Island Blvd, Suite 107, San Mateo, CA 94404
  • Refinance

Why choose this provider?

Emerson Financial is a San Mateo-based company that serves clients across Redwood City. It helps aspiring homeowners or second-time homebuyers through the process of applying for mortgage programs. The company checks each applicant's credit history and verifies their income and assets as part of its work process. It also caters to property owners seeking to refinance their loans. The company is experienced in working with the owners of vacation homes. It has been operating in the lending industry for more than 30 years.

License Verified:

License: 239206

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 (69)
Google
5.0 / 5 (6)

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
40 Birch Street, Suite C, Redwood City, CA 94062
  • New Construction

Why choose this provider?

Reverse Mortgages Only caters to homeowners and seniors throughout Redwood City and the surrounding areas. The company provides customers with reverse mortgage loan programs, which include those regulated by the U.S. Department of Housing and Urban Development and the Federal Housing Administration. Reverse Mortgages Only has been helping clients with their mortgage needs since 2004. Its principal, Judy Schwartz, used to work as a regular contributor to the San Francisco Examiner’s Senior Spotlight section.

License Verified:

License: 342659

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
Google
5.0 / 5 (19)
Facebook
3.8 / 5 (6)

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

Why choose this provider?

California Real Estate Services caters to clients throughout Redwood City and its surrounding areas. It offers a variety of mortgage options for first-time homebuyers and existing homeowners. These loan products include FHA, VA, jumbo, USDA, HARP, and reverse mortgage loans. It also provides a variety of loan term options, including adjustable-rate and 15-year and 30-year fixed mortgages. Clients can use the company's website to determine which loan programs they are eligible for and to compare rates for home purchases and refinances.

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

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
6658 Thornton Avenue, Newark, CA 94560
  • New Construction

Why choose this provider?

Rainbow Funding is a non-affiliated, family-operated mortgage brokerage that helps Redwood City residents get the right loan for their needs. It assists borrowers, whether they need a loan for a home purchase or to refinance their homes. Although established five decades ago, the agency takes a modern and personalized approach. It provides in-person and remote options, such as phone and video consultations. Loan progress can be tracked via its secure online portal and most documents can be signed digitally.

License Verified:

License: 1829567

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 (14)
Yelp
5.0 / 5 (6)
Facebook
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

Website
969 G Edgewater Blvd, #878, Foster City, CA 94404
  • Refinance

Why choose this provider?

Realtor Elena caters to clients in Redwood City and the surrounding areas who seek mortgage solutions. Owner and broker Elena Wyman offers various mortgage products and maintains an online catalog of property assets for sale on the open market. She negotiates purchase transactions and checks the circumstances of each buyer to determine the programs they qualify for. The office also works with sellers who wish to cash out on their investments. Elena Wyman is bilingual and can also cater to speakers of Russian.

License Verified:

License: 1054353

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
Fremont, CA 94539
  • Commercial Loans

Why choose this provider?

Providential Mortgage has been serving Redwood City residents for over two decades. The company helps homebuyers acquire lending options for various kinds of residential and investment properties, such as single-family houses and condos. These lending options range from FHA or VA loans to mortgages with fixed, adjustable, and hybrid interest rates. Its mortgage professionals also assist mortgagors in refinancing their lending programs for debt consolidation or lowered terms. Managing senior broker Tuan Vo previously worked as the vice president of the mortgage lending department at the Bank of America.

License Verified:

License: 338656

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 (316)
Google
5.0 / 5 (96)
Zillow
5.0 / 5 (42)

(+1 additional source)

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

FAQs

  • 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.