Expertise.com

2024

Last updated:

Best Mortgage Brokers in Schaumburg, IL

Our Recommended Top 13

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

31Reviewed

23Curated

13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1750 E Golf Rd,, Schaumburg, IL 60173
WebsiteLicense: 631441

Expertise.com Rating

Review Sources

Google
5.0 (4)

Why choose this provider?

Steve Tripp is a mortgage broker and consultant who serves residents across the Schaumburg area. Tripp provides different types of mortgage products for first-time home buyers, homeowners looking to refinance their existing mortgages, and real estate investors. He has experience using professional advice and guidance to help his clients walk through the home loan process, structuring the optimal mortgage to attain their objectives, and searching the market for suitable programs and rates. Steve Tripp has more than 25 years of experience in the mortgage lending industry.

  • New Construction
  • Refinance

953 N Plum Grove Rd, Unit B, Schaumburg, IL 60173
WebsiteLicense: 217352

Expertise.com Rating

Review Sources

Google
4.8 (18)
Facebook
5.0 (17)

Why choose this provider?

Moonstar Mortgage has been catering to borrowers in the Schaumburg metro since 2004. Its lending specialists offer mortgage brokerage services to help people in locating the best loan with rates, terms, and fees that will match their specific requirements. Its loan programs include FHA, VA, USDA, commercial, conventional, and refinance loans. It also offers foreign national loans. The full-service mortgage broker completes its services in partnership with various companies like Accutax, Accurate Lending, and Innovative Insurance Solutions.

  • Refinance

1325 Wiley Road, Suite 160, Schaumburg, IL 60173
WebsiteLicense: 2278494
Website

Expertise.com Rating

Review Sources

Google
5.0 (47)
Zillow
5.0 (24)

Why choose this provider?

Pinnacle Mortgage serves residents in Schaumburg and nearby locations. Its loan originators guide individuals in applying for and closing their desired home loans. They also cater to clients' refinancing needs by evaluating their credit scores and helping them lower their mortgage payments, use their home equity, and shorten the length of their mortgage. The independent mortgage broker offers VA, FHA, USDA, jumbo, and conventional loans. It also provides various types of nontraditional mortgages, including balloon-payment, interest-only, and payment-option ARM loans.

  • Refinance
  • New Construction

850 E Higgins Rd, Suite 125W, Schaumburg, IL 60173
WebsiteLicense: 1587080

Expertise.com Rating

Review Sources

Zillow
5.0 (46)
Google
5.0 (40)
Facebook
5.0 (22)

Why choose this provider?

Prism Lending is a Schaumburg-based full-service company delivering solutions to help people in the metro realize their homeownership dreams. Its mortgage professionals help clients find loans with lower interest rates and minimal closing costs. They assist homebuyers in choosing from programs such as jumbo, conventional, and commercial loans. In addition, the company provides refinancing options like FHA streamline and FHA cashout. To aid homebuyers with the decision-making process, it deploys mortgage calculators that calculate tax benefits, interests, and extra payments.

  • Refinance

1475 E Woodfield Rd, Suite 110, Schaumburg, IL 60173
WebsiteLicense: 134317

Expertise.com Rating

Review Sources

Zillow
5.0 (151)
Facebook
4.9 (40)
Google
5.0 (29)

Why choose this provider?

HomeTrust Mortgage works with clients across Schaumburg. It helps homebuyers secure financing through programs guaranteed or insured by various government agencies, including the VA and FHA. The company provides multiple online tools that allow clients to visualize the implications of their decisions on their finances. It also assists owners of single-family homes, condos, and townhouses in refinancing their mortgages. The company has been operating in the industry for more than 25 years. It is licensed in nearby states like Michigan and Wisconsin.

  • Refinance
  • New Construction

200 W Higgins Rd, Ste 219, Schaumburg, IL 60195
WebsiteLicense: 1711556

Expertise.com Rating

Review Sources

Google
4.9 (19)

Why choose this provider?

Comfy Loans LLC is a privately owned mortgage broker specializing in home loans with access to wholesale rates from various lenders to provide Schaumburg residents with tailored loan options. It delivers no tax return programs for business owners and wage earners, no tax return programs for the self-employed, work visa loan plans for expatriates and professionals on a temporary worker visa, and investor advantage programs for real estate investors. In addition to assisting home buyers, the company helps homeowners in refinancing.

  • Refinance

975 East Nerge Road, Suite N10, Roselle, IL 60172
WebsiteLicense: 1715112

Expertise.com Rating

Review Sources

Google
4.8 (21)
Facebook
4.8 (21)

Why choose this provider?

Red Door Home Loan Corp serves clients throughout Schaumburg and the surrounding areas. It provides mortgage loan programs such as FHA, VA, USDA, and jumbo loans in various rate options, including fixed-rate, adjustable-rate, interest-only, and graduated payment mortgages. The company also offers reverse mortgages for senior citizens and loan options for refinancing. It guides clients in selecting the right loan program that meets their financial situation and needs. It has offices located in Chicago and Roselle.

  • New Construction

140 N Barrington Rd #5, Streamwood, IL 60107
WebsiteLicense: 283550

Expertise.com Rating

Review Sources

Google
4.8 (39)
Facebook
5.0 (26)

Why choose this provider?

Resonate Mortgage caters to individuals and families in Schaumburg. The company offers refinancing options for multiple purposes, including lowering monthly rates and payments, consolidating debts, upgrading homes, and taking out cash from equity. It strives to simplify the mortgage process by taking advantage of technology in helping clients pre-qualify for an application and evaluate various financing options. Mortgage broker Sanjuan Alvarez has been in the company since 2017. She worked in dentistry for over 10 years before discovering her passion for real estate.

  • Refinance
  • New Construction

475 North Martingale Road, Suite 100, Schaumburg, IL 60173
WebsiteLicense: 155748

Expertise.com Rating

Review Sources

Google
4.9 (936)
Zillow
5.0 (106)
Facebook
4.9 (63)

Why choose this provider?

Key Mortgage serves families and individuals throughout the Schaumburg metro and nearby locations. Its loan consultants help find loan products that work for clients, whether they are purchasing a new home, investing in a second one, or refinancing their current mortgages. Programs such as DreamBuilder and SmartLock are also available for clients who wish to build their dream homes from the ground up. The independent and family-owned mortgage firm was established in 1998 and also maintains offices in Indiana and Wisconsin.

  • New Construction

1101 Perimeter Drive, Suite 460, Schaumburg, IL 60173
WebsiteLicense: 226068

Expertise.com Rating

Review Sources

Facebook
4.8 (58)
Google
5.0 (3)

Why choose this provider?

American Financial Mortgage Services, Inc., has been serving residential customers in the Schaumburg metro and the surrounding areas since 1993. It provides jumbo, conventional, FHA, and reverse mortgages for purchase and refinance transactions. It helps clients determine the loan program that fits their property's value. Its team of loan originators has over 100 years of collective financial and real estate industry experience. The mortgage company may also assist clients in originating loans in Florida and California.

  • Refinance

1051 Perimeter Drive #260, Schaumburg, IL 60174
WebsiteLicense: 197757

Expertise.com Rating

Review Sources

Zillow
4.9 (23)
Google
4.3 (6)

Why choose this provider?

Gil Kerkbashian is a mortgage loan officer who helps borrowers in and around Schaumburg identify the right loan option that meets their financial situation and lifestyle. He assists customers in obtaining various loans that suit their needs, such as conventional, VA, jumbo, FHA, 203K, and home equity. His team also offers in-house processing, underwriting, and closing that aid in prompt loan processing. Gil has more than 25 years of experience in the home lending industry.

  • Refinance

935 North Plum Grove Road Unit H, Schaumburg, IL 60173
WebsiteLicense: 1705182

Expertise.com Rating

Review Sources

Google
4.0 (49)
Facebook
5.0 (3)

Why choose this provider?

EZ Lending Solution, which is family-owned and family-operated, comprises mortgage professionals with over three decades of combined experience. Licensed in the state and in Colorado, Georgia, Mississippi, and Michigan, its team caters to the home financing needs of individuals in the Schaumburg metro. The loan specialists assist clients in applying for conventional, jumbo, and commercial loans, as well as government-backed programs like VA and FHA loans. They also serve non-qualified borrowers who lack the required documentation or are self-employed.

  • Refinance

1 Presidential Dr. #19, Roselle, IL 60172
WebsiteLicense: 219828

Expertise.com Rating

Review Sources

Google
5.0 (26)
Facebook
4.8 (18)

Why choose this provider?

Financial Advantage Mortgage Inc. is a full-service business catering to investors, individual homebuyers, and real estate professionals in Schaumburg. The company utilizes techniques to maximize the financial benefits of mortgages for clients buying their first homes, borrowers looking for vacation properties, and those planning to refinance. Additionally, it delivers a selection of programs such as hybrid ARMs, fixed-rate mortgages, interest-only and SBA 504 loans, and commercial property funding. Its team of professionals has over 20 years of experience in the field.

  • Refinance

Compare our Top Mortgage Brokers

NameExpertise RatingAddressPromotionsLearn more
Steve Tripp
1750 E Golf Rd,, Schaumburg, IL 60173
Moonstar Mortgage
953 N Plum Grove Rd, Unit B, Schaumburg, IL 60173
Pinnacle Mortgage
1325 Wiley Road, Suite 160, Schaumburg, IL 60173
Prism Lending
850 E Higgins Rd, Suite 125W, Schaumburg, IL 60173
HomeTrust Mortgage
1475 E Woodfield Rd, Suite 110, Schaumburg, IL 60173
Comfy Loans LLC
200 W Higgins Rd, Ste 219, Schaumburg, IL 60195
Red Door Home Loan Corp
975 East Nerge Road, Suite N10, Roselle, IL 60172
Resonate Mortgage
140 N Barrington Rd #5, Streamwood, IL 60107
Key Mortgage
475 North Martingale Road, Suite 100, Schaumburg, IL 60173
American Financial Mortgage Services, Inc.
1101 Perimeter Drive, Suite 460, Schaumburg, IL 60173
Gil Kerkbashian
1051 Perimeter Drive #260, Schaumburg, IL 60174
Ez Lending Solution
935 North Plum Grove Road Unit H, Schaumburg, IL 60173
Financial Advantage Mortgage Inc.
1 Presidential Dr. #19, Roselle, IL 60172

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.