Best Mortgage Brokers in Hammond

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Avalon Mortgage Services Inc. logo
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License Verified:

License: 283614

Nationwide Multistate Licensing System and Registry

Avalon Mortgage Services Inc.

9439 West 144th Place, Orland Park, IL 60462
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  • Refinance
  • New Construction

Business Description

Avalon Mortgage Services Inc. helps clients in and around Hammond by offering lending options that meet their lifestyle and financial situation. It provides loan programs for customers looking to purchase a home. Its team also assists homeowners in identifying refinancing options to get better rates or take cash out of their property. A client commended how they delivered a personalized approach by presenting several loan options based on their needs and explaining the benefits of each program.

License Verified:

License: 283614

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
Chicago Financial Services, Inc logo
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License Verified:

License: 137767

Nationwide Multistate Licensing System and Registry

Chicago Financial Services, Inc

1455 West Hubbard St. Suite 200, Chicago, IL 60642
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  • Refinance

Business Description

Chicago Financial Services, Inc., serves clients throughout Hammond and its surrounding cities. This residential mortgage banker offers various specialty loan programs such as the Micro Market Recovery Program, Medical Doctors Loan Program, and IHDA home loans. It assists professionals in the medical field, including dentists, ophthalmologists, podiatrists, and veterinarians in purchasing a home. Additionally, it offers loan programs for those planning to refinance their current mortgages. Philip Brilliant, the president of the company, has been in the industry since 1983.

License Verified:

License: 137767

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
5.0 / 5 (37)
Google
4.5 / 5 (24)

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
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Connor Keough logo
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License Verified:

License: 1589564

Nationwide Multistate Licensing System and Registry

Connor Keough

3520 S. Morgan St. Unit 231, Chicago, IL 60609
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  • Refinance

Business Description

Connor Keough is a mortgage broker who serves individuals and families in Hammond and the surrounding areas. He represents Resonate Mortgage, a firm based in Chicago, and is equipped with the experience and knowledge to help clients find the right loan for their needs by dealing with various lenders on their behalf. Keough seeks to deliver a transparent mortgage experience by using the customer service skills he gained from his previous job as a mortgage banker.

License Verified:

License: 1589564

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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Frank Panella logo
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License Verified:

License: 390882

Nationwide Multistate Licensing System and Registry

Frank Panella

14930 South Cicero Avenue, Oak Forest, IL 60452
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  • Refinance

Business Description

Frank Panella is a broker who provides mortgage loans for Hammond residents. He offers online mortgage tools that help clients shop for current rates and loan programs. He assists and guides them through the process of selecting and acquiring the specific loans that they need. Panella specializes in FHA, jumbo, VA, home improvement, and conventional loans. He is also licensed to offer services in Wisconsin, Illinois, Michigan, California, Ohio, and Florida. The professional has been working in the industry of home financing since 1986.

License Verified:

License: 390882

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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Larry Penilla logo
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License Verified:

License: 214765

Nationwide Multistate Licensing System and Registry

Larry Penilla

8585 Broadway Suite 602, Merrillville, IN 46410
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  • Refinance

Business Description

Larry Penilla is a Merrillville Mortgage residential loan originator, serving clients in Hammond and the surrounding areas. He offers mortgage options for home refinances, first-time and second-home buyers, and veterans. The loan programs available include FHA, VA, conventional, jumbo, and USRD. He also provides down payment assistance loans and local and federal money-saving programs. Penilla has over 30 years of industry experience and has worked with local Realtors, home inspectors, insurance representatives, appraisers, and builders.

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 (86)
Facebook
5.0 / 5 (34)

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.
4.0
Responsiveness
Friendliness
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Detail
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Midamerica Lenders logo
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License Verified:

License: 309009

Nationwide Multistate Licensing System and Registry

Midamerica Lenders

5151 N Harlem Ave Ste 307, Chicago, IL 60656
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  • Refinance

Business Description

Midamerica Lenders caters to clients across the Hammond metro and the surrounding areas. It provides assistance to individuals and families wanting to apply for mortgage loan programs to purchase homes within their budget and goals. These loans include conventional, jumbo, USDA, and FHA. It also serves veterans and active military needing VA loans. The agency also allows clients to choose fixed or adjustable loan rates. In addition to home purchase loans, the agency is available for mortgage refinancing services.

License Verified:

License: 309009

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

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
Mike Del Preto logo
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License Verified:

License: 230942

Nationwide Multistate Licensing System and Registry

Mike Del Preto

415 N. LaSalle Street Suite 402, Chicago, IL 60654
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  • Multi-Family Loans

Business Description

Mike Del Preto is a senior mortgage advisor who deals with clients across Hammond. He offers various loan options for aspiring homeowners, including VA and FHA mortgages, as well as jumbo loans. Del Preto also provides loans issued by the USDA that allow borrowers to finance home purchases in rural areas without the need for down payments. He runs a website that helps clients make decisions through tools like mortgage calculators. Del Preto has been operating in the industry for more than 16 years.

License Verified:

License: 230942

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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Pacor Mortgage logo
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License Verified:

License: 120945

Nationwide Multistate Licensing System and Registry

Pacor Mortgage

14930 S Cicero Ave., Oak Forest, IL 60452
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  • New Construction

Business Description

Pacor Mortgage has been providing custom financial options to people in Hammond since 1986. The brokerage has a portfolio of loan programs and plans that cover domestic undertakings like property purchases, debt payments, educational endeavors, and home improvements. Because of their experience, the company's NMLS-certified loan originators have a comprehensive understanding of underwriting processes, lending requirements, and finance-related factors. They are also available for consultations concerning interest rates and trend changes in the local mortgage market.

License Verified:

License: 120945

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
4.8 / 5 (14)

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
Regional Mortgage Corporation logo
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License Verified:

License: 112327

Nationwide Multistate Licensing System and Registry

Regional Mortgage Corporation

9959 W 143rd Street, Suite B, Orland Park, IL 60462
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  • Refinance

Business Description

Regional Mortgage Corporation is a family-owned and family-operated company that caters to clients in Hammond and the surrounding areas. It helps individuals and families purchase primary, investment, and vacation homes through mortgage loan programs, including FHA and USDA. It also offers VA loans for veterans, active military members, and their spouses needing assistance in their home-buying matters. The company's team guides clients in applying for loans with five to 30 years terms. Mortgage refinancing services are available.

License Verified:

License: 112327

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
5.0 / 5 (9)

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Townstone Financial logo
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License Verified:

License: 136639

Nationwide Multistate Licensing System and Registry

Townstone Financial

329 W 18th Street 305A, Chicago, IL 60616
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  • Refinance

Business Description

Townstone Financial assists customers in the area of Hammond in finding the right loan that helps meet their home and budget goals. It provides a variety of home loan programs, such as conventional, jumbo, FHA, and VA. Its loan officers offer 10- to 30-year fixed rates and adjustable mortgage options that help meet its clients' financial situations. Townstone Financial has been delivering home purchasing and refinancing solutions to self-employed individuals, families, seniors, and veterans since 2002.

License Verified:

License: 136639

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
Facebook
4.5 / 5 (66)
Google
4.9 / 5 (7)

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
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Frequently Asked Questions

Do mortgage brokers need to be licensed?

Yes, all mortgage brokers need to be licensed. Individuals need to complete a 20-hour class that goes over state and federal laws for mortgages and other important information. Next, individuals take the official test with the National Mortgage Licensure System.

Is it difficult to pass the mortgage brokers’ test?

Upon completion of educational requirements, you must pass the mortgage broker test to receive your license. It's a two-part test called the Safe Mortgage Loan Originator Exam, and it can be a bit challenging. Out of almost 87,600 national test-takers, 57% passed on their first attempt. The test includes both a state and national portion and requires a minimum score of 75% to pass.

What is a surety bond for mortgage brokers?

A surety bond is a legal contract that binds three parties — the obligee, the principal, and the surety. Surety bonds are typically required to receive a license for operating as a mortgage broker. When a mortgage broker gets a surety bond, it's a legal guarantee they'll perform their obligations to their customers as required by law.

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