Last updated:

Best Mortgage Brokers in Rockford

Our Recommended Top 3

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



3Top Picks

Learn about our selection process.


featured provider = Featured Provider

7210 East State Street, Rockford, IL 61108
WebsiteLicense: 2049075 Rating

Review Sources

5.0 (15)
5.0 (2)

Why choose this provider?

Key Mortgage is a family-owned independent business providing a full range of financial products to help Rockford homebuyers in closing negotiations and saving money. Since opening its doors in 1988, its team of professionals has been utilizing its in-house underwriting capabilities to help customers in finding the right loan based on their needs and preferences. The local company offers a wide range of mortgage solutions for veterans, refinancing, independent professionals, first-time home buying, and building a new home.

  • Purchase Transactions
  • Refinance

6876 Spring Creek Road, Rockford, IL 61114
WebsiteLicense: 6666 Rating

Review Sources

4.0 (464)
5.0 (3)

Why choose this provider?

Envoy Mortgage, Ltd., is a mortgage firm founded in 1997. It caters to clients in Rockford who are seeking to purchase a home or refinance a mortgage. The company offers FHA, VA, USDA, renovation, non-agency, and construction loans. Refinance loan programs include rate and term refinance and cash-out refinance. Borrowers can also use the company's online platform, EnGen, to apply for a loan. CEO Ron Millard has more than 25 years of experience in investment and management.

  • Refinance

2215 Perrygreen Way, Rockford, IL 61107
WebsiteLicense: 1870363 Rating

Review Sources

4.0 (17)
5.0 (3)

Why choose this provider?

Quantum Mortgage Group is a locally owned and independent brokerage that serves clients in Rockford. It offers a variety of mortgage options for homebuyers and homeowners, including VA and home equity loans. The broker also works with wholesale lenders, which gives it access to multiple loan programs that suit the homeownership objectives and financial goals of its clients. In addition, Quantum Mortgage Group has adopted a paperless processing system. It also accommodates applications online 24/7.

  • Refinance


  • 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.