Expertise.com

Best Mortgage Brokers in Bloomington

2024

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Providers

Last updated:

Website
2309 Village Green Pl., Ste. B, Champaign, IL 61822
  • Refinance
  • New Construction

Why choose this provider?

Molitor Financial Group is a boutique mortgage brokerage company that assists the residents of Bloomington. It helps individuals and families who are looking to purchase homes by offering various mortgage products, like FHA, USDA, VA, jumbo, and conventional loans. Its experts also guide homebuyers on the estate purchase process, and they provide refinancing services for clients with existing mortgage agreements. The company was founded in 2005, and it has since closed more than 10,000 loans.

License Verified:

License: 1846654

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 (143)
Yelp
5.0 / 5 (112)

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
1709 Tullamore Ave., Bloomington, IL 61704
  • Refinance

Why choose this provider?

Team USA Mortgage is a national company offering a variety of financial programs for homebuyers in Bloomington. To find suitable loan products for each client, it makes use of automated underwriting systems and processing software. The company delivers solutions for borrowers with credit problems through FHA programs and low downpayment loans. It has been serving the community for over 15 years and additionally serves Utah, Wisconsin, and Oklahoma. The company also provides options such as contracts for deed payoff and new construction loans.

License Verified:

License: 9908

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
4.8 / 5 (25)
Google
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
100 N. Main St., Ste. L102, East Peoria, IL 61611
  • Refinance
  • New Construction

Why choose this provider?

EZ Mortgage offers services to homebuyers, real estate investors, and refinancers throughout Bloomington. Its programs provide clients with improved interest rates, financial coverage for residential property purchases, and equity opportunities for home improvement endeavors and educational undertakings. Each option is customized based on information involving each client's credit history and data gathered from in-depth analyses of local rates in the market. The firm's president, Matt Wilkerson, has been serving in the mortgage industry for more than 15 years.

License Verified:

License: 2190506

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
Zillow
5.0 / 5 (599)
Google
4.9 / 5 (179)
Facebook
4.9 / 5 (76)

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
4719 N Sheridan Rd, Peoria, IL 61614
  • Refinance
  • New Construction

Why choose this provider?

Home Mortgage Specialists, Inc. assists customers in the Bloomington area looking to purchase a home or refinance their current loan. The business has mortgage brokers who offer various loan and mortgage programs based on its clients' financial situations and goals. Working with more than 15 lenders, it has the flexibility to provide borrowers with more choices and better rates. The company aims to meet its customers' financial needs by prioritizing lenders that offer lower rates.

License Verified:

License: 695728

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 (100)
Facebook
4.9 / 5 (41)

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
410 Jubilee Suite D, Metamora, IL 61548
  • Refinance

Why choose this provider?

Jarrod Doty of LeaderOne Financial Corporation serves the communities around the Bloomington metro. He offers mortgage services that help clients in meeting their financial goals or needs such as lowered payments, debt consolidation, home improvements, and mortgage rate drops. The agent also provides assistance in changing adjustable-rate mortgages to fixed, which can vary between three and ten years. Doty has been in the financial industry since 1997. LeaderOne is 100% employee owned and has helped more than 98,000 families.

License Verified:

License: 356080

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
Facebook
4.8 / 5 (11)

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
4218 N Brandywine Dr, Peoria, IL 61614
  • Refinance
  • New Construction

Why choose this provider?

The Eric White Team comprises loan professionals who help Bloomington residents achieve their homeownership goals. They assist individuals and families planning to purchase homes or refinance existing loans. These agents search for mortgage programs suited to each client's needs, including competitive rates, minimal processing costs, and reduced terms. The staff members are affiliated with Fairway Independent Mortgage Corporation and are led by branch manager Eric White. White has been working in the loan origination industry for over 20 years.

License Verified:

License: 8622

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.
4.5

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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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.