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2024

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Best Mortgage Brokers in Allen, TX

Our Recommended Top 13

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 Allen 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

26Curated

13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

7160 North Dallas Pkwy, Suite 380, Plano, TX 75024
WebsiteLicense: 1254891

Expertise.com Rating

Review Sources

Google
4.9 (76)
Facebook
5.0 (23)

Why choose this provider?

Mark Karetskiy Lending Team serves locals in Allen who need mortgage brokers. Its staff communicates closely with its clients and navigates the bureaucratic labyrinth that is the home purchase process. Refinancing is available to help borrowers obtain more manageable terms that arise after the initial loan is closed. The company also has lending products fit for property investors and first-time buyers. Mark Karetskiy operates under the greater Movement Mortgage LLC banner. His clientele includes senior citizens.

  • New Construction

400 W Bethany Dr., Ste 130, Allen, TX 75013
WebsiteLicense: 396750

Expertise.com Rating

Review Sources

Zillow
5.0 (35)
Google
5.0 (34)
Facebook
4.7 (9)

Why choose this provider?

Mortgage X Change serves individuals and families in Allen. The company helps local borrowers change their mortgage terms and lower monthly payments by providing multiple refinance solutions based on their financial situations, including FHA, VA, USDA, and conforming loans. It also offers cash-out options from customers' home equity. Clients can utilize the company's mortgage resources, such as refinance rate checkers and home purchase qualifiers, to simplify the process of comparing and shopping loan programs that match their needs.

  • Refinance

1020 W. Exchange Parkway Ste. 1130, Allen, TX 75013
WebsiteLicense: 194713

Expertise.com Rating

Review Sources

Facebook
4.9 (56)
Google
5.0 (48)
Yelp
5.0 (9)

Why choose this provider?

For more than 20 years, The Patton Group has been assisting people wishing to own a home in Allen and the surrounding communities. Its mortgage brokers offer loan programs like conventional, jumbo, FHA, USDA, and VA to first-time homebuyers and clients who wish to refinance an existing mortgage. They deal with different types of properties, including primary residences, second homes, and investment properties. The agency works under Supreme Lending, a firm that was named by Mortgage Technology magazine as the 2013 Top Tech-Savvy Lender and Servicer.

  • Refinance

1784 W McDermott Dr, Suite 110, Allen, TX 75013
WebsiteLicense: 1645977

Expertise.com Rating

Review Sources

Google
4.3 (38)
Facebook
5.0 (2)

Why choose this provider?

East Capital Funding serves clients in and around Allen. It assists individuals and families considering buying a home or refinancing loans. The business also offers FHA, VA, jumbo home, and investment property loans. Additionally, it has reverse mortgage programs. East Capital Funding works with over 100 investors, which allows the company to provide loan programs like one-year ARMS to 30-year mortgage loan types. It is equipped with various tech and tools, including secure mobile uploading.

  • Refinance
  • New Construction

6851 Virginia Parkway, Suite 211, McKinney, TX 75071
WebsiteLicense: 1741845

Expertise.com Rating

Review Sources

Google
5.0 (65)
Facebook
4.9 (48)

Why choose this provider?

The Wood Group of Fairway Independent Mortgage Corporation provides multiple loan options to the locals in and around the Allen metro. The company offers mortgage loan programs such as fixed-rate, adjustable-rate, FHA, VA, USDA, and reverse loans. Additionally, its team has other options such as refinance, renovation, vets housing assistance, and a power buyer program. The Wood Group is part of Fairway Independent Mortgage Corporation, a company that was established in 1996.

  • Refinance
  • New Construction

1402 S Custer Road Suite 503, Mckinney, TX 75070
WebsiteLicense: 621164

Expertise.com Rating

Review Sources

Facebook
5.0 (24)
Google
5.0 (4)

Why choose this provider?

Capacity Lending specializes in residential mortgage refinancing services in Allen. It works with various lenders to provide options such as FHA, VA, 203k, and custom loan programs suitable to clients' needs. It also has fixed-rate and adjustable-rate mortgages ranging from 10 to 30 years. Its refinancing solutions help clients obtain low mortgage payments, change loan terms, and consolidate debts. Its client base includes first-time homebuyers, homeowners, and veterans. Capacity Lending has standard, affordability, refinance, and amortization calculators to assist customers in making informed decisions.

  • Refinance

1402 S. Custer Rd, Ste 901, McKinney, TX 75072
WebsiteLicense: 188788

Expertise.com Rating

Review Sources

Google
5.0 (50)
Facebook
4.9 (27)

Why choose this provider?

Tom Sherman, a branch manager at Benchmark Mortgage, provides services to homeowners and real estate property buyers in Allen and the neighboring areas. Tom aims to guide individuals and families in purchasing homes suitable for their needs and budget by offering mortgage loan programs. He also assists them throughout the loan application and home buying process, including scheduling appraisals, closing, and underwriting. Tom has been handling mortgage and financial solutions for more than 25 years.

  • Refinance
  • New Construction

1623 Salvatore LN, McLendon-Chisholm, TX 75032
WebsiteLicense: 1328438

Expertise.com Rating

Review Sources

Google
5.0 (7)

Why choose this provider?

Eagle Mortgage, LLC, is a locally owned and operated brokerage firm that serves individuals and families in Allen and the surrounding areas. It offers a variety of mortgage rate options, including fixed-rate, adjustable-rate, interest-only, and graduated payment programs. It offers jumbo loans, as well as government programs such as FHA, VA, and USDA loans. In addition, the firm assists with refinancing existing mortgages. Eagle Mortgage has been in the business for more than seven years.

  • Refinance

700 Central Expressway S., Ste. 400, Allen, TX 75013
WebsiteLicense: 1047944

Expertise.com Rating

Review Sources

Google
4.8 (50)
Zillow
5.0 (14)

Why choose this provider?

Competitive Home Lending offers a variety of loan programs for borrowers in and near the Allen metro. These include FHA, VA, and home refinance loans. It also provides different types of conventional loans such as Fannie Mae and Freddie Mac, which cater to self-employed professionals and clients planning to purchase multi-unit properties. Access to multiple lenders allows the company to offer a variety of products. It aims to close loans within 20 days and has more than 10 years of experience.

  • Refinance

14083 Badlands Drive, Frisco, TX 75035
WebsiteLicense: 658200

Expertise.com Rating

Review Sources

Facebook
5.0 (159)
Yelp
5.0 (13)

Why choose this provider?

First Rate is a Frisco-based firm that offers various mortgage options to people in Allen. Its team tailors each loaning and refinancing program according to comparisons between an applicant's credit history and income situation, as well as changes involving local interest rates. It offers comprehensive guidance regarding its available options, which include combined ARMs, fixed-rate mortgages, and conventional loans. The company also utilizes electronic upload and e-signature tools that expedite application processes while providing improved security for a client's records and documents.

  • Refinance

6860 North Dallas Pkwy Ste 200, Plano, TX 75024
WebsiteLicense: 321164

Expertise.com Rating

Review Sources

Google
4.5 (455)
Facebook
5.0 (21)

Why choose this provider?

Liberty Home Mortgage is a Plano-based company that deals with clients throughout Allen. It has experience working with aspiring homeowners, helping them in acquiring property through various mortgage programs. These include loans backed by the FHA, which allows borrowers to finance projects that improve their property's energy efficiency and value. It also offers VA loans for former and current military service personnel. For property owners aiming to refinance their loans, the company can also assist them with the process.

  • Refinance
  • New Construction

2301 Ohio Drive, Ste 138, Plano, TX 75093
WebsiteLicense: 247183

Expertise.com Rating

Why choose this provider?

Almega Mortgage is a brokerage company serving clients in Allen. It offers loans for home equity, purchasing, and refinancing. The company assists borrowers who want to buy or refinance different types of properties, such as manufactured houses, townhomes, condos, single-family, and multi-family homes. Owner and president Mike Raitt is Almega Mortgage's residential loan originator. He had work experience in the fields of public and corporate accounting before focusing on the personal financial services industry in 1997.

  • Refinance
  • New Construction

17250 Dallas Pkwy, Dallas, TX 75248
WebsiteLicense: 1072210

Expertise.com Rating

Review Sources

Google
4.9 (98)

Why choose this provider?

BOE Texas is a brokerage firm under Bank of England Mortgage, serving customers in Allen. It offers home purchase and refinancing loan programs, including conventional, FHA, VA, jumbo, and USDA. It carries bond loans for people in the low-income to mid-income bracket and first-time home buyers. Its team understands the client's goal to match the right product. BOE Texas is headed by Shawn Fehily, a loan specialist with over 20 years of experience, and has closed over $250m in loan volume.

  • Refinance
  • New Construction

Compare our Top Mortgage Brokers

NameExpertise RatingAddressPromotionsLearn more
Mark Karetskiy Lending Team
7160 North Dallas Pkwy, Suite 380, Plano, TX 75024
Mortgage X Change
400 W Bethany Dr., Ste 130, Allen, TX 75013
The Patton Group
1020 W. Exchange Parkway Ste. 1130, Allen, TX 75013
East Capital Funding
1784 W McDermott Dr, Suite 110, Allen, TX 75013
The Wood Group of Fairway Independent Mortgage Corporation
6851 Virginia Parkway, Suite 211, McKinney, TX 75071
Capacity Lending
1402 S Custer Road Suite 503, Mckinney, TX 75070
Tom Sherman
1402 S. Custer Rd, Ste 901, McKinney, TX 75072
Eagle Mortgage, LLC
1623 Salvatore LN, McLendon-Chisholm, TX 75032
Competitive Home Lending
700 Central Expressway S., Ste. 400, Allen, TX 75013
First Rate
14083 Badlands Drive, Frisco, TX 75035
Liberty Home Mortgage
6860 North Dallas Pkwy Ste 200, Plano, TX 75024
Almega Mortgage
2301 Ohio Drive, Ste 138, Plano, TX 75093
BOE Texas
17250 Dallas Pkwy, Dallas, TX 75248

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.