Expertise.com
2024

Last updated:

Best Mortgage Brokers in Arlington Heights

Our Recommended Top 6

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

24

Reviewed

16

Curated

6

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
800 E Northwest Hwy Ste 200, Palatine, IL 60074
  • Refinance
  • New Construction

Why choose this provider?

Dan Schwellenbach is a branch manager of Nexa Mortgage who serves the homeownership dreams of the Arlington Heights community. He and his team identify buyers' needs, create financial plans that match their mortgage goals, and guide them throughout the loan application process. As a member of the Military Mortgage Boot Camp, Schwellenbach assists veterans and service members in securing VA loans. He has been working in the loan origination industry since 2003 and has a degree in Economics.

License Verified:

License: 207362

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 (22)
Facebook
5.0 / 5 (16)

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
2340 S. Arlington Heights Rd., Suite 440, Arlington Heights, IL 60005
  • Refinance

Why choose this provider?

Town & Country Mortgage Services caters to borrowers in Arlington Heights and nearby areas. It offers a variety of mortgage products, such as jumbo, conventional, FHA, and VA loans. It also assists borrowers who want to secure term and cash-out refinancing loans. The business was founded in 2003 as a sister company of Town & Country Realty. Its president, Mike Blackhall, aspires to give each client great customer service by keeping abreast of the newest mortgage products in the market.

License Verified:

License: 221739

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 (58)
Facebook
5.0 / 5 (5)
Yelp
5.0 / 5 (5)

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
1 Mid America Plaza # 800, Oakbrook Terrace, IL 60181
  • Refinance

Why choose this provider?

Dan Larkin works as a mortgage consultant for Celebrity Home Loans, LLC. He provides a variety of comprehensive loan programs for first-time and seasoned homebuyers, refinancing applicants, and real estate investors in communities throughout Arlington Heights. He also caters to seniors who seek to maximize their homes' equities or obtain reverse mortgage options for their long-term needs. He uses his familiarity with different lending factors, application processes, real estate values, and local interest rates to provide tailored counsel to clients for their decision-making endeavors.

License Verified:

License: 258898

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 (20)

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
636 South River Road, Suite 300, Des Plaines, IL 60016
  • Refinance

Why choose this provider?

US Financial Ltd is a Des Plaines-based business that caters to people throughout Arlington Heights. It helps them fulfill their homeownership goals through the mortgage application process. The company addresses their concerns on matters like credit scores and pre-qualification as part of its work process. It also assists entrepreneurs looking to own commercial properties. Zbigniew "Ziggy" Karas, its founder, appears on Magazyn Kieszen, a WNVR Polish radio program. He received the 2017 Philanthropic Award from the Polish American Congress.

License Verified:

License: 221577

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.
4.8
Google
4.8 / 5 (52)
Zillow
5.0 / 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

Website
2340 S Arlington Heights Rd, Arlington Heights, IL 60005
  • Refinance

Why choose this provider?

Colin Barr is a full-service senior loan originator of Town & Country Mortgage Services, Inc., who serves clients in and around Arlington Heights. He helps first-time homebuyers, move-up and second home buyers, refinancing homeowners, and investment buyers compare and select loan programs to meet their particular requirements and goals. Previous clients have regarded Barr as being thorough and patient, frequently responding to inquiries in a timely manner, and explaining material in layman's language that is easily understood.

License Verified:

License: 369798

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 (161)
Facebook
5.0 / 5 (111)

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
2001 E Fremont Ct, Arlington Heights, IL 60004
  • Refinance
  • New Construction

Why choose this provider?

Innovative Mortgage Inc is a brokerage firm serving the people of Arlington Heights and nearby areas. It works with more than 100 investors, allowing its team of loan officers to match clients with programs that will suit their current needs as well as their individual situations. It offers a wide range of home financing solutions, from conventional and jumbo loans to 30-year mortgages and 5-year ARMS. Innovative Mortgage also helps clients with refinancing their mortgages to lower the rates they are paying.

License Verified:

License: 886357

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
Facebook
5.0 / 5 (28)
Google
5.0 / 5 (10)

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.