Best Mortgage Brokers in Albany

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License Verified:

License: 1789729

Nationwide Multistate Licensing System and Registry

Capital City Home Loans

2531 Lafayette Plaza Drive Suite F, Albany, GA 31707
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  • New Construction

Business Description

Capital City Home Loans serves clients in Albany. The company offers mortgage financing options, including jumbo, construction, and government loans. Managing partner Greg Shumate has over 30 years of industry experience. He established the company in 2006, which has expanded to 24 locations in nine states. His company encourages its team members to volunteer at charitable events, organizations, and initiatives, including The Salvation Army and Habitat for Humanity. Its staff members also volunteer in community reinvestment projects, such as sports teams and environmental causes.

License Verified:

License: 1789729

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 (26)
Google
4.8 / 5 (25)

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
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Frequently Asked Questions

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.

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.

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.

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