Expertise.com

Best Mortgage Brokers in Gary

2024

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Providers

Last updated:

Website
8101 Polo Club Dr. Suite A, Merrillville, IN 46410
  • Refinance

Why choose this provider?

Insight Mortgage is a full-service company that provides a variety of financial solutions to Gary residents. It offers FHA, VA, USDA, jumbo, fixed and adjustable-rate mortgages, as well as interest-only and graduated payment plans. The business also aids homeowners who want to restructure their debts, reduce their monthly payments and interest rates, or get cash from equity with various refinancing options. Insight Mortgage educates its borrowers with a blog about the industry that is updated weekly.

License Verified:

License: 345499

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 (18)
Zillow
5.0 / 5 (1)

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
9111 Broadway, Suite H, Merrillville, IN 46410
  • Refinance

Why choose this provider?

SouthShore Region Mortgage is a locally owned company that offers financial services to Gary residents. It provides FHA, VA, USDA, conforming, fixed, and adjustable-rate mortgages. The team also helps homeowners who want better cash flow from lower monthly payments and interest rates with refinancing loans, as well as those seeking to cash out the equity in their homes. The company was founded by Ed Stojancevich and Steve Stasny, who have a combined 30 years of experience in the field.

License Verified:

License: 179785

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 (115)
Google
4.8 / 5 (60)
Zillow
5.0 / 5 (43)

(+1 additional source)

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
5117 Main Street, Suite C, Downers Grove, IL 60515
  • Refinance

Why choose this provider?

Ironbank Mortgage aims to help individuals obtain their dream homes through refinancing services in Gary. The mortgage brokerage firm has a selection of programs such as VA, FHA, and jumbo loans. In addition, it has adjustable-rate and fixed-rate mortgages with terms ranging from 15 to 30 years. It has access to various lenders and works from different locations with its web-based POS and LOS solutions. The company is headquartered in Downers Grove and serves residents of Colorado, Illinois, and Florida.

License Verified:

License: 1457759

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
4.9 / 5 (41)
Google
5.0 / 5 (25)
Zillow
5.0 / 5 (10)

(+1 additional source)

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
4000 W Lincoln Hwy, Merrillville, IN 46410
  • Refinance

Why choose this provider?

Lake Mortgage Company is a locally owned and operated business accommodating property owners in Gary and its surrounding communities. For over 75 years, the office has provided various residential loan options, such as USDA, conventional, jumbo, FHA, and VA. Clients may upload their documents, track loan progress, and sign disclosures through its web portal or mobile application. Lake Mortgage Company's loan officers guide first-time buyers in the home purchasing process. They also address the mortgage needs of Illinois residents.

License Verified:

License: 120301

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 (38)

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
––

Website
112 N. Main St., Crown Point, IN 46307
  • Reverse Mortgages
  • Refinance

Why choose this provider?

Mary Ross is a mortgage loan officer at Fairway Independent Mortgage Corporation. She serves clients in Gary and the neighboring communities who are looking to buy or refinance a home. The agent helps clients apply for fixed- and adjustable-rate, conventional, and jumbo mortgages. Other loan options available include FHA, VA, and USDA. Part of her service involves making the loan process as stress-free as possible for clients. Ross has been in the mortgage industry since 2017.

License Verified:

License: 1586201

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 (75)
Facebook
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
8585 Broadway, Suite 600, Merrillville, IN 46410
  • Refinance

Why choose this provider?

A & M Mortgage Group is a Merrillville-based company that caters to clients across Gary. It provides various solutions for aspiring homeowners, including VA, FHA, and USDA mortgage programs. It has experience assisting recipients of the Deferred Action for Childhood Arrivals policy through the mortgage application process. It also deals with homeowners aiming to refinance their loans to obtain lower interest rates. The company has been in operating in the industry for more than two decades.

License Verified:

License: 3446

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
5.0 / 5 (67)
Facebook
4.6 / 5 (22)

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
––

Website
8585 Broadway Suite 602, Merrillville, IN 46410
  • Refinance

Why choose this provider?

Larry the Mortgage Guy Larry Penilla serves clients across the Gary community and the surrounding areas. Larry is a residential loan originator at the A&M Mortgage Group. He specializes in guiding individuals in purchasing their first or second homes using various mortgage loan programs, including conventional and FHA. Larry offers VA loans for military veterans or their spouses wanting to buy homes with low or zero down payments. In addition to home purchasing loans, he handles mortgage refinancing solutions.

License Verified:

License: 214765

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 (68)
Facebook
4.9 / 5 (35)

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
––

Website
233 E 84th Drive, Suite 200, Merrillville, IN 46410
  • Refinance

Why choose this provider?

Chris Norris is a producing branch manager for Supreme Lending—a mortgage company that has been in operation for over two decades. Norris and his team help homeowners, buyers, and investors in and around Gary navigate the complex aspects of loan application processes. Depending on clients' eligibility and needs, they recommend government loans like FHA and VA, as well as traditional mortgages such as conventional and jumbo loans. Specialty loans for first-time homebuyers are also available.

License Verified:

License: 435811

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

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
––

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.