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2024

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Best Mortgage Brokers in New Bedford, MA

Our Recommended Top 14

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

37Reviewed

27Curated

14Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

99 S. Main Street Suite #154, Fall River, MA 02721
WebsiteLicense: 2038063

Expertise.com Rating

Review Sources

Google
5.0 (19)

Why choose this provider?

First Class serves locals in New Bedford who need mortgage brokers. The team delivers various traditional fixed and adjustable-rate mortgages. FHA-backed programs are available for borrowers who need less burdensome terms of compliance. The company has reverse mortgages for the elderly members of the community, as well as government programs for military service veterans and current members. It also refinances existing obligations. First Class is staffed by individuals with over two decades of combined lending sector experience.

  • Refinance

115 Ripley Road, Suite 5, Cohasset, MA 02066
WebsiteLicense: 373332

Expertise.com Rating

Review Sources

Facebook
4.6 (5)
Google
5.0 (1)

Why choose this provider?

Since 2010, Back Bay Mortgage Brokers has been dealing with New Bedford clients. The company guides individuals aiming to purchase properties like townhouses, manufactured homes, and condominiums through the mortgage application process. It offers a variety of loan products, ranging from FHA and VA loans to jumbo programs. The company also deals with property owners looking to refinance their mortgages. Matthew Horan, its founder and president, has a background in the financial services field and once served as an investment advisor under Wernau Asset Management.

  • Refinance

113R Padelford St, Berkley, MA 02779
WebsiteLicense: 1273216

Expertise.com Rating

Review Sources

Google
4.3 (6)

Why choose this provider?

ABLE Mortgage Co. is a brokerage company that serves clients in New Bedford. It collaborates with top lending institutions to provide several loan alternatives, such as 30-day fixed conventional loans and jumbo loans, for its clients' unique needs. The business uses simple and straightforward procedures while utilizing the most recent financial instruments to assist borrowers in selecting the best loan solution. ABLE Mortgage Inc. is also licensed to operate in Connecticut, Rhode Island, New Hampshire, and Florida.

  • New Construction

895 Arcade Avenue, Seekonk, MA 02771
WebsiteLicense: 51775

Expertise.com Rating

Review Sources

Facebook
5.0 (47)
Google
4.9 (31)

Why choose this provider?

Jarred Minieri is a mortgage loan officer and branch manager for Semper Home Loans, Inc. who serves individual home buyers and owners in New Bedford and the surrounding areas. He provides customers with various mortgage programs, including conventional, FHA, and VA loans. The mortgage process includes submitting applications and receiving notification of approval status, information verification, underwriting and processing, and clearance to close. Jarred Minieri attributes his success to his ability to think outside the box and make his clients feel at ease throughout the mortgage process.

  • Refinance

77 State Road, Dartmouth, MA 02748
WebsiteLicense: 1815656

Expertise.com Rating

Review Sources

Google
5.0 (181)
Facebook
5.0 (28)
Zillow
5.0 (2)

Why choose this provider?

Milestone Mortgage Solutions offers loan services to borrowers in the New Bedford area that meet their home and financial goals. It handles multiple refinance and purchase loan programs such as conventional, FHA, USDA-RD, VA, jumbo, and other state-sponsored options. The company works with various banks to give its clients the right to choose from different rates and terms that meet their needs. Milestone Mortgage Solutions aims to provide a prompt and customer-centric approach through its digital quotes and online loan application process.

  • Refinance

540 Main Street, Unit 15, Hyannis, MA 02601
WebsiteLicense: 153492

Expertise.com Rating

Review Sources

Google
4.9 (51)

Why choose this provider?

Homestead Mortgage serves clients in New Bedford who are looking to purchase or refinance a residential property. It offers FHA mortgages with 15-, 20-, 25-, and 30-year terms through a team of over 40 loan originators. The company also provides USDA, VA, and jumbo loan options, as well as reverse mortgages. Homestead Mortgage has been in business since 2008. It is a member of the National Association of Mortgage Brokers and the National Reverse Mortgage Lenders Association.

  • Refinance

10A Bridge Street, Suite 200, South Dartmouth, MA 02748
WebsiteLicense: 1223

Expertise.com Rating

Review Sources

Google
5.0 (89)
Facebook
5.0 (56)
Zillow
5.0 (2)

Why choose this provider?

Stonegate Mortgage offers a variety of loan and refinancing options to potential applicants from New Bedford. It is led by founder Thomas J. Quan, III, who utilizes more than two decades of experience to provide clients with educative guidance on their available mortgage options. He and his team recommend various programs based on criteria such as an applicant's credit score, current marketing situations, and interest rate changes. They have closed more than 6,000 loans for numerous clients in the region.

  • New Construction

465 E Falmouth Hwy, Ste B, East Falmouth, MA 02536
WebsiteLicense: 10321

Expertise.com Rating

Review Sources

Google
5.0 (144)
Facebook
5.0 (62)

Why choose this provider?

Ed Moloney offers mortgage brokerage services to clients in and around New Bedford. He operates under the Equity Resources, Inc., umbrella and delivers conventional loans for first-time buyers and USDA-backed options for agricultural purchasers. Moloney has been in the lending sector for more than 15 years and focuses on educating individuals on the finer points of mortgages and the related bureaucratic processes. The loan officer works with a variety of investors.

  • Refinance

45 Weeden Road, Fairhaven, MA 02719
WebsiteLicense: 1995582

Expertise.com Rating

Review Sources

Google
5.0 (198)

Why choose this provider?

Onshore Mortgage provides services across New Bedford and the neighboring cities. It offers conventional mortgage loan programs for clients wanting to purchase manufactured homes, investment properties, and multi-unit dwellings. It also carries other loan options, such as jumbo, FHA, VA, and USDA. Asset-based mortgage loan programs are also available for self-employed borrowers, retired, or soon-to-be-retired individuals. Onshore Mortgage brings more than 25 years of experience in the industry. It is also open 24/7 to provide for clients' mortgage needs.

  • Refinance
  • New Construction

10 Elders Pond Drive, Lakeville, MA 02347
WebsiteLicense: 1233547

Expertise.com Rating

Review Sources

Facebook
5.0 (54)
Google
5.0 (48)
Yelp
5.0 (2)

Why choose this provider?

Brick Road Mortgage specializes in home refinancing solutions for customers in New Bedford. It has a selection of mortgage products and programs, such as jumbo, USDA, VA, FHA, and conventional loans. Additionally, it has fixed-rate and adjustable-rate mortgages customized to the needs of clients. The company has over 20 years of industry experience in serving clients who plan to purchase homes, condominiums, and investment properties. The owner, Mark Arone, founded the company after working as a senior loan officer for over a decade.

  • Refinance
  • New Construction

75 Newman Avenue, Rumford, RI 02916
WebsiteLicense: 48904

Expertise.com Rating

Review Sources

Google
5.0 (36)
Facebook
5.0 (7)

Why choose this provider?

Deborah Colanino leverages over 30 years of real estate and mortgage experience to help individuals and families in New Bedford achieve their homeownership goals. Deborah is a senior loan officer for Shamrock Home Loans, which allows her to offer various loan programs to her clients looking to purchase new properties and refinance existing mortgages. These include conventional, FHA, reverse, USDA, and VA streamline. Customers can compare loan options, calculate savings, and submit documents through the company's mobile app, My Home & Mortgage.

  • Refinance

1116 Stafford Road, Fall River, MA 02721
WebsiteLicense: 1591856

Expertise.com Rating

Review Sources

Google
5.0 (107)
Facebook
5.0 (52)
Zillow
5.0 (9)

Why choose this provider?

Troy City Mortgage LLC is an independent brokerage company that serves individuals and families in New Bedford. It provides a wide variety of loan programs, including FHA, jumbo, USDA, VA, and rehab loans. Its team also offers low down payment and first-time home buyer programs. In addition, the company assists with investment property loans. Troy City Mortgage has been in business for more than a decade. It is also licensed in Rhode Island, Connecticut, and Florida.

  • Refinance
  • New Construction

4 Cabot Place, Second Floor, Stoughton, MA 02072
WebsiteLicense: 2708

Expertise.com Rating

Review Sources

Google
5.0 (77)
Facebook
5.0 (37)
Yelp
5.0 (5)

Why choose this provider?

For more than 30 years, Maritime Mortgage has been serving homeowners, real estate investors, and commercial property clients in New Bedford and nearby communities. The company offers various loan options, such as FHA, conventional renovations, jumbo, VA, and fixed and adjustable rate mortgages. Its loan officers crew has helped over 1,000 families refinance and purchase their homes. Founder and co-broker Jim Brennan is licensed to accommodate customers residing in Florida, New Hampshire, and Rhode Island.

  • New Construction
  • Refinance

130 GAR Highway, Swansea, MA 02777
WebsiteLicense: 21107

Expertise.com Rating

Why choose this provider?

Kevin Oliveira is a branch manager at Fairway Independent Mortgage Corporation who caters to clients in New Bedford. He helps clients who plan to buy, sell, refinance, or build their dream homes by providing a selection of programs such as FHA, USDA, VA, jumbo, and conforming loans. The firm offers fixed-rate and adjustable-rate mortgage options with loan terms ranging from five to 30 years. Oliveira assists customers in achieving homeownership by finding loan programs that suit their needs and circumstances.

  • Refinance

Compare our Top Mortgage Brokers

NameExpertise RatingAddressPromotionsLearn more
First Class
99 S. Main Street Suite #154, Fall River, MA 02721
Back Bay Mortgage Brokers
115 Ripley Road, Suite 5, Cohasset, MA 02066
ABLE Mortgage Co.
113R Padelford St, Berkley, MA 02779
Jarred Minieri
895 Arcade Avenue, Seekonk, MA 02771
Milestone Mortgage Solutions
77 State Road, Dartmouth, MA 02748
Homestead Mortgage
540 Main Street, Unit 15, Hyannis, MA 02601
Stonegate Mortgage
10A Bridge Street, Suite 200, South Dartmouth, MA 02748
Ed Moloney
465 E Falmouth Hwy, Ste B, East Falmouth, MA 02536
Onshore Mortgage
45 Weeden Road, Fairhaven, MA 02719
Brick Road Mortgage
10 Elders Pond Drive, Lakeville, MA 02347
Deborah Colanino
75 Newman Avenue, Rumford, RI 02916
Troy City Mortgage LLC
1116 Stafford Road, Fall River, MA 02721
Maritime Mortgage
4 Cabot Place, Second Floor, Stoughton, MA 02072
Kevin Oliveira
130 GAR Highway, Swansea, MA 02777

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.