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Best Mortgage Brokers in Bloomington, IL

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

24Reviewed

16Curated

6Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

100 N. Main St., Ste. L102, East Peoria, IL 61611
WebsiteLicense: 2190506

Expertise.com Rating

Review Sources

Zillow
5.0 (599)
Google
4.9 (179)

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.

  • Refinance
  • New Construction

4218 N Brandywine Dr, Peoria, IL 61614
WebsiteLicense: 8622

Expertise.com Rating

Review Sources

Facebook
4.5 (19)

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.

  • Refinance
  • New Construction

1709 Tullamore Ave., Bloomington, IL 61704
WebsiteLicense: 9908

Expertise.com Rating

Review Sources

Facebook
4.8 (25)
Google
5.0 (16)

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.

  • Refinance

410 Jubilee Suite D, Metamora, IL 61548
WebsiteLicense: 356080

Expertise.com Rating

Review Sources

Facebook
4.8 (11)

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.

  • Refinance

4719 N Sheridan Rd, Peoria, IL 61614
WebsiteLicense: 695728

Expertise.com Rating

Review Sources

Google
4.9 (100)
Facebook
4.9 (41)

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.

  • Refinance
  • New Construction

2309 Village Green Pl., Ste. B, Champaign, IL 61822
WebsiteLicense: 1846654

Expertise.com Rating

Review Sources

Yelp
5.0 (112)
Google
5.0 (45)

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.

  • Refinance
  • New Construction

Compare our Top Mortgage Brokers

NameExpertise RatingAddressPromotionsLearn more
EZ Mortgage
100 N. Main St., Ste. L102, East Peoria, IL 61611
The Eric White Team
4218 N Brandywine Dr, Peoria, IL 61614
Team USA Mortgage
1709 Tullamore Ave., Bloomington, IL 61704
Jarrod Doty
410 Jubilee Suite D, Metamora, IL 61548
Home Mortgage Specialists, Inc.
4719 N Sheridan Rd, Peoria, IL 61614
Molitor Financial Group
2309 Village Green Pl., Ste. B, Champaign, IL 61822

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.