Expertise.com

2024

Last updated:

Best Mortgage Brokers in Savannah

Our Recommended Top 4

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

36Reviewed

23Curated

4Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

340 Eisenhower Drive, Savannah, GA 31406
WebsiteLicense: 1828852

Expertise.com Rating

Review Sources

Google
5.0 (33)
Facebook
5.0 (6)

Why choose this provider?

Coastal Custom Mortgage, Inc., provides personalized financing solutions from its Savannah location. Serving both first-time and seasoned homebuyers, its team of home loan professionals helps clients select from various types of programs, including condominium, jumbo, and conventional loans along with government-supported mortgages such as VA and FHA loans. The company is headed by Padraic Robertson, who has a background in real estate, banking, and economics. He is part of the Savannah Mortgage Bankers Association and the National Association of Mortgage Brokers.

  • New Construction

239 Stephenson Avenue, Savannah, GA 31405
WebsiteLicense: 158937

Expertise.com Rating

Review Sources

Google
4.0 (3)

Why choose this provider?

Moon River Mortgage is a mortgage lender in the Savannah area. It provides loan products for clients who want to purchase or refinance properties, such as single- and multi-family homes, condominiums, manufactured homes, or investment properties. Its loan professionals can assist with conventional, FHA, VA, and USDA loan programs. Clients can choose from adjustable and fixed rates for their mortgage plans. The company's website has different online calculators to help clients assess their mortgages and loan values.

  • Refinance

532 Stephenson Avenue, Savannah, GA 31405
WebsiteLicense: 411399

Expertise.com Rating

Review Sources

Google
4.0 (33)

Why choose this provider?

Tracey Burdette is a mortgage production manager serving Savannah and the surrounding areas. She assists clients who want to purchase or build their homes by offering a wide variety of mortgage loan options. These include FHA for first-time buyers, VA for veteran clients, and jumbo mortgages for individuals looking for large loan amounts. Additionally, she is also available for refinancing, adjustable-rate, and fixed-rate mortgage services. Burdette has years of experience in the real estate financing industry.

  • Multi-Family Loans

7712 Waters Avenue, Savannah, GA 31406
WebsiteLicense: 164259

Expertise.com Rating

Review Sources

Google
4.0 (20)
Facebook
5.0 (3)

Why choose this provider?

American Financial Services Group, Inc., is a loan company that has been operating in Savannah since 1956. It assists individuals in applying for loans for different types of needs such as vehicle repair, home improvement, honeymoon trips, tuition, and emergencies. Different types of mortgage options are available including USDA, VA, FHA, and conventional. The company's website contains a variety of information about the loan application process, requirements, and a brief description of the loan programs available.

  • Refinance

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.