Best Mortgage Brokers in Iowa City

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Mortgage Brokers FAQs

Learn more
Hall Lending Group logo
Visit WebsiteWebsite

License Verified:

License: 3833

Nationwide Multistate Licensing System and Registry

Hall Lending Group

1918 St Andrews Ct NE, Cedar Rapids, IA 52402
Visit WebsiteWebsite
  • Refinance
  • New Construction

Business Description

Hall Lending Group is a mortgage company with Hope Hall as the founder. Hope has been working in the mortgage industry of Iowa City for more than two decades. Her company provides a selection of loans, such as high loan balance, construction, investment property, FHA, VA, and USDA. It also offers a roster of VA- and FHA-approved condominiums. Hall Lending Group has been serving its families for almost 20 years and has striven to abide by its principle that client time matters.

License Verified:

License: 3833

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
4.8 / 5 (46)
Google
4.8 / 5 (43)

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
Peter Mullinax logo
Visit WebsiteWebsite

License Verified:

License: 873386

Nationwide Multistate Licensing System and Registry

Peter Mullinax

Croell Ave., Tiffin, IA 52340
Visit WebsiteWebsite
  • Refinance
  • New Construction

Business Description

Peter Mullinax is a senior mortgage officer who serves clients in Iowa City and the surrounding areas. He assists clients with obtaining low-interest rates, reducing mortgage payments, switching mortgages between fixed and adjustable rates, and borrowing against the equity in their houses. He also aids homebuyers with purchasing a property with the help of home purchase loans with terms ranging from five to 30 years. Peter Mullinax has more than 10 years of experience in the industry.

License Verified:

License: 873386

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 (1)
Residential Mortgage Network, Inc. logo
Visit WebsiteWebsite

License Verified:

License: 1495

Nationwide Multistate Licensing System and Registry

Residential Mortgage Network, Inc.

2507 Highlander Place, Iowa City, IA 52245
Visit WebsiteWebsite
  • New Construction

Business Description

Residential Mortgage Network, Inc., brings over more than three decades of experience providing home loans to borrowers throughout Iowa City and the surrounding metros. The locally owned mortgage bank offers a wide selection of loan products to help match clients with options that meet their needs and goals. These include VA, conventional, FHA, rural development, and new construction loans. The firm fully underwrites its loan programs in-house and has two locations throughout Iowa. Owner Rick House founded RMN in 1987.

License Verified:

License: 1495

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
Facebook
4.9 / 5 (145)
Google
4.9 / 5 (91)

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
Responsiveness
Friendliness
Helpfulness
Detail
––
Back to Providers

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.

Read All FAQS