Expertise.com

Best Mortgage Brokers in Meridian

2024

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Providers

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Website
1775 North Hickory Way Suite 1, Meridian, ID 83646
  • Refinance

Why choose this provider?

Michael Heinen, from Fairway Independent Mortgage Corporation, serves the locals of Meridian and the surrounding areas. He offers tailored advice on mortgage and loan options that match the client's needs. Some of these solutions include fixed and adjustable rates, conventional, jumbo, FHA and VA, USDA, and renovation loans. He also offers reverse mortgages for clients who are 62 and older. Fairway has been in service since 1996 and runs more than 750 branches across the United States.

License Verified:

License: 1648013

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

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

Website
1833 S Millennium Way Ste 100, Meridian, ID 83642
  • Refinance
  • New Construction

Why choose this provider?

Zack Nored is a loan originator at Cherry Creek Mortgage who offers various financial options to borrowers in Meridian. He provides FHA, VA, USDA, conventional, low down payment and reverse mortgages. He also has refinancing options for clients seeking to lower their monthly payments, interest rates or loan terms and those who want access to cash from the equity they have built. Nored is licensed to originate in Arizona, California, Florida, Idaho, Indiana and eight other states.

License Verified:

License: 1446942

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
Google
4.9 / 5 (7)
Facebook
5.0 / 5 (1)

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

Website
1857 S Millennium Way #100, Meridian, ID 83642
  • Refinance
  • New Construction

Why choose this provider?

Capital Mortgage, LLC, caters to residents of Meridian who need mortgage brokers. Its options include bank statement loans for self-employed individuals who lack the steady cash flow of routine office workers and USDA-backed choices for farmers. The team examines a debtor's current obligations and converts these into more manageable products. The local, independent company was established in 2003. Capital Mortgage, LLC's owner and branch manager, Nicole Chatterton, leads a team of 14 mortgage specialists.

License Verified:

License: 382375

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

Website
Meridian, ID 83634
  • New Construction

Why choose this provider?

Melissa Nelson is an independent mortgage broker who serves clients in Meridian. She is a part of Barrett Financial, a nationally licensed brokerage. The agent offers assistance in securing USDA, FHA, VA, conventional, and reverse mortgages for her clients. Nelson brings over nine years of mortgage lending experience to every client she assists. She extends her services to clients living in Utah. In addition, the broker helps clients in getting pre-approved and obtain the loan they need.

License Verified:

License: 1186583

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

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

Website
3363 E Presidential Drive #200, Meridian, ID 83642
  • Refinance
  • New Construction

Why choose this provider?

Team Mandi serves clients across the Meridian area. The company helps them fulfill the goal of homeownership through different mortgage program options. These include loans backed by various government agencies, including the USDA, FHA, and VA. The company also offers Xcelerate, a way for borrowers to complete the pre-approval process in a timely manner and acquire properties tailored to their financial needs. Mandi Feely, its namesake, has more than two decades of experience in the lending industry. Mandi Feely Premier Mortgage Resources, LLC LO-NMLS: 38490 CO-NMLS: 1169 Equal Housing Opportunity.

License Verified:

License: 1169

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
Zillow
4.9 / 5 (112)
Facebook
5.0 / 5 (28)
Google
4.9 / 5 (14)

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

Frequently Asked Questions

  • 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.