Expertise.com
2024

Last updated:

Best Mortgage Brokers in New Britain

Our Recommended Top 3

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

20

Reviewed

13

Curated

3

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
1331 Silas Deane Highway, Wethersfield, CT 06109
  • Refinance

Why choose this provider?

Welcome Home Mortgage, LLC, provides services across New Britain and the surrounding areas. It offers mortgage assistance to individuals who purchase homes using loans, such as FHA and VA. It also carries reverse, balloon, interest-only, and graduated payment mortgage options. The company is available for mortgage refinancing services for homeowners needing to change their current loan rates. The company's mortgage consultant, Kim Casner, has been assisting clients with their mortgage needs for over 16 years. Kim is also a certified divorce lending professional.

License Verified:

License: 2744

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 (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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
1027 Farmington Ave, Suite 100, Farmington, CT 06032
  • Refinance

Why choose this provider?

CT Liberty Mortgage assists New Britain residents in obtaining home financing by matching them with lenders that meet their interest rate requirements. The brokerage provides various mortgage options to homeowners and home buyers, including fixed-rate, adjustable-rate, and FHA loans. It also offers refinancing for single-family homes, multi-family units, and townhouses. Cara Britton, the company's owner, is a loan originator with experience in marketing, public relations, and customer relations, which come in handy in meeting clients' mortgage needs.

License Verified:

License: 6297

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.
4.8
Facebook
4.8 / 5 (34)
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
37 W. Center Street, Suite 208, Factory Square, Southington, CT 06489
  • Refinance
  • New Construction

Why choose this provider?

New England Home Mortgage assists the residents of New Britain in applying for mortgage loans. The organization provides a wide range of mortgage options, including fixed-rate and adjustable-rate mortgages, as well as Federal Housing Authority, VA, and USDA loans. The group also has financing programs for renovation, rehab, and Connecticut Housing Finance Authority loans. In addition, reverse mortgage loans are available. The company and its team have more than 50 years of collective experience in the industry.

License Verified:

License: 112216

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
4.9 / 5 (93)
Facebook
5.0 / 5 (42)

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
––

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.