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Best Mortgage Brokers in Salinas

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All California Mortgage - Salinas logo
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License Verified:

License: 1850

Nationwide Multistate Licensing System and Registry

All California Mortgage - Salinas

221 North Main Street, Salinas, CA 93901
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  • Refinance
  • Commercial Loans

Business Description

All California Mortgage, established in 1992, provides an extensive portfolio of services under mortgage lending. It offers financing program options and its mortgage sources cover purchasing, refinancing, commercial lending, and construction loans. Its lending specialists assist with mortgage pre-approval so home purchasers can focus on selecting a property with the guidance of a loan officer and a real estate agent. All California Mortgage's Salinas location is overseen by senior mortgage advisors Mike McKinney and MJ Viglizzo. The latter holds over 25 years of experience in the industry.

License Verified:

License: 1850

Nationwide Multistate Licensing System and Registry

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
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Capitol Mortgage logo
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License Verified:

License: 635963

Nationwide Multistate Licensing System and Registry

Capitol Mortgage

1880 North Main Street, Salinas, CA 93906
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  • New Construction
  • Refinance

Business Description

Capitol Mortgage is a California-based mortgage brokerage serving families and individuals in Salinas and nearby communities. The company employs "common sense" in approaching each client's case instead of following a loan profile formula, as it believes in treating each client as an individual and not merely a number. Its team works with over a hundred investors, which affords them the capacity to obtain competitive rates for various loan programs—including 30-year mortgages, adjustable-rate mortgages, home equity lines, and conventional loans.

License Verified:

License: 635963

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 (129)

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.
4.0
Responsiveness
Friendliness
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Detail
––
Guild Mortgage logo
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License Verified:

License: 3274

Nationwide Multistate Licensing System and Registry

Guild Mortgage

155 East Main Avenue, Morgan Hill, CA 95037
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  • Refinance

Business Description

Guild Mortgage is a company that has been serving customers in Salinas and the surrounding areas since 1960. It is an independent mortgage lender that specializes in residential home loans. It strives to provide customers with quick processing through loan officers with knowledge of the industry. Products offered by the company include jumbo, conventional, FHA, VA, and USDA loans. The company also has partnerships with builders, real estate professionals, and title agents. Branch manager Janene Towner Chernoff has 35 years of mortgage experience.

License Verified:

License: 3274

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
4.0 / 5 (829)

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
Harris Mortgage - Salinas logo
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License Verified:

License: 353363

Nationwide Multistate Licensing System and Registry

Harris Mortgage - Salinas

422 Salinas Street, Salinas, CA 93901
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  • New Construction

Business Description

Harris Mortgage is a company in Salinas with more than 18 years of experience in the lending business. It provides clients with a variety of loan options including conventional loans, down payment assistance loans, USDA loans, VA loans, FHA loans, and alternative loans. The experienced loan officers at Harris Mortgage help borrowers choose the right loan for their family's needs and provide them assistance even after settlement. Clients can submit their loan applications online through the company's website.

License Verified:

License: 353363

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.
4.6
Facebook
5.0 / 5 (10)
Google
4.0 / 5 (8)

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
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Detail
Loans By CMS logo
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License Verified:

License: 2007956

Nationwide Multistate Licensing System and Registry

Loans By CMS

3 Winham Street, Salinas, CA 93901
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  • Refinance

Business Description

Loans By CMS is a mortgage company operating in Salinas. It assists individuals who are purchasing, selling, refinancing, or building a home to determine the type of loan program they need. Different types of loan options are available, such as USDA, FHA, VA, jumbo, and adjustable rate. Its website provides a wide range of guidance for clients to execute the loan process, including customized mortgage rate comparisons, refinance analysis, and an online loan application form.

License Verified:

License: 2007956

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 (35)
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
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Helpfulness
Detail
Platinum Capital Mortgage logo
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License Verified:

License: 386508

Nationwide Multistate Licensing System and Registry

Platinum Capital Mortgage

22581 Murietta Road, Salinas, CA 93908
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  • Reverse Mortgages

Business Description

Platinum Capital Mortgage is a brokerage that serves the individuals and businesses in Salinas, other cities in California, Colorado, and Florida. The full-service mortgage company offers its clients FHA loans, VA loans, USDA loans, jumbo loans, high-balance loans, and conventional loans. It also provides reverse mortgages, commercial loans, construction loans, DSCR Loans for landlords, and non-QM Loans for self-employed borrowers. The owner of Platinum Capital Mortgage, Michael Rodriguez, has more than 25 years of experience in the industry.

License Verified:

License: 386508

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)
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
Seraph Rates logo
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License Verified:

License: 391642

Nationwide Multistate Licensing System and Registry

Seraph Rates

15570 Weather Rock Way, Salinas, CA 93908
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  • Refinance

Business Description

Seraph Rates is a mortgage brokerage led by broker Aimee Grijalva that serves clients in Salinas and the surrounding areas. It works with multiple banks to provide clients access to a variety of loan programs. It also assists borrowers with credit scores as low as 400 or who had major credit events. Seraph Rates offers a same-day loan approval process and a one-month bank statement program that can be availed by first-time homebuyers for condo units or townhouses.

License Verified:

License: 391642

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 (4)
Facebook
5.0 / 5 (3)
Google
5.0 / 5 (2)
Steinbeck Real Estate & Steinbeck Mortgage logo
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License Verified:

License: 1091849

Nationwide Multistate Licensing System and Registry

Steinbeck Real Estate & Steinbeck Mortgage

12 West Gabilan Street, Salinas, CA 93901
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  • Refinance

Business Description

Steinbeck Mortgage, Inc., is an independent mortgage brokerage firm serving the Salinas metro area and nearby localities. The company provides a wide array of mortgage financing solutions for homebuyers, owners, and residential investors. Its mortgage loan originators deliver different types of home loans, including conventional, Reverse, HECMs, FHA, and VA loans. The team also assists clients in eliminating their monthly private mortgage insurance through refinancing. Together with its partner company Steinbeck Real Estate, Inc., the firm has been serving clients since 2013.

License Verified:

License: 1091849

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.
4.2
Google
4.0 / 5 (17)
Facebook
5.0 / 5 (3)

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
Steve Malvini logo
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License Verified:

License: 354557

Nationwide Multistate Licensing System and Registry

Steve Malvini

210 Capitol Street, Salinas, CA 93901
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  • New Construction

Business Description

Steve Malvini is a mortgage broker that has been serving Salinas and the surrounding areas for over 23 years. Malvini personally educates and guides his clients in mortgage and loan options they can avail of, including FHA, USDA, and VA loans. He is also a licensed real estate broker that has been providing services for over 14 years. Additionally, Malvini offers tax preparation services and business consultation. When he isn't assisting real estate clients, Malvini manages his family-owned restaurant.

License Verified:

License: 354557

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 (2)
Yelp
5.0 / 5 (2)

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
TreeHouse Mortgage Group - Salinas logo
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License Verified:

License: 150751

Nationwide Multistate Licensing System and Registry

TreeHouse Mortgage Group - Salinas

838 South Main Street, Salinas, CA 93901
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  • Reverse Mortgages

Business Description

Treehouse Mortgage Group is a full-service mortgage company with a location in Salinas. For over two decades, it has been serving first-time home buyers, property investors, and homeowners building or reconstructing their homes. The list of mortgage products it offers includes conventional loans, jumbo loans, FHA loans, and HECM & jumbo reverse mortgages. Along the process, Treehouse Mortgage Group loan officers assist each client with pre-qualification needs, selection of the best loan program, and updates on the loan progress.

License Verified:

License: 150751

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.
4.9
Google
5.0 / 5 (45)
Facebook
4.6 / 5 (9)
Yelp
5.0 / 5 (2)

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

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.

How do mortgage brokers get paid?

The customer or the lender pays the mortgage broker. By law, it's illegal for a mortgage broker to accept payment from both parties. Additionally, thanks to the Dodd-Frank Act, a mortgage broker cannot have hidden fees or base their commission on their customer's interest rate.

What makes mortgage brokers different from loan officers?

Loan officers are employees of a single lender. For example, if you go to a bank for a mortgage, you'll deal with their loan officer. They’re paid a set salary and receive bonuses; however, they can only offer loans from their bank.

A mortgage broker works independently or for a firm, and they’re paid by the client or lender. Mortgage brokers can approach several lenders, giving individuals many more options.

What is the difference between a commercial mortgage broker and a home loan broker?

A commercial mortgage broker deals with real estate loans for businesses. The loan for the commercial property is given to the company, not the individual. As a result, the approval process reviews the financial health of the business. In comparison, a home loan broker helps individuals gain a real estate loan for their property.

How much do mortgage brokers make?

According to Salary.com, the average salary for a mortgage broker in the U.S. ranges between $75,344 and $99,498. However, this can significantly vary depending on the state you work in, bonuses, and other factors.

How do mortgage brokers get paid?

How a mortgage broker gets paid entirely depends on who they work for. If they’re an independent contractor, all of their income comes from their clients or lenders. If the person works for a brokerage, they may be paid a combination of a base salary and bonuses from closed deals.

How much do mortgage brokers make per loan?

Mortgage brokers typically make between 1% and 2% of the total loan amount on each deal closed. The client or the lender will pay this fee. The mortgage broker does not receive their payment until the loan is approved and finalized. 

Can mortgage brokers work across state lines?

Yes, mortgage brokers can work across state lines. However, each state has different licensing requirements for its mortgage brokers. To legally close a transaction, you must be certified in the state of the transaction. Additionally, it's helpful to know the state's closing process, as this can change from state to state.

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.

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.

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.

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