Expertise.com

Best Mortgage Brokers in Hammond

2024

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Providers

Last updated:

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

Why choose this provider?

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
Zillow
5.0 / 5 (380)
Facebook
4.9 / 5 (38)
Yelp
4.5 / 5 (37)

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

Why choose this provider?

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
Google
4.9 / 5 (125)

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 602, Merrillville, IN 46410
  • Refinance

Why choose this provider?

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 (67)
Facebook
4.9 / 5 (35)
Zillow
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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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Website
9959 W 143rd Street, Suite B, Orland Park, IL 60462
  • Refinance

Why choose this provider?

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)
Google
4.4 / 5 (7)
Yelp
5.0 / 5 (2)

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

Why choose this provider?

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.
4.9
Facebook
4.8 / 5 (14)
Google
5.0 / 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

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

Why choose this provider?

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

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

Why choose this provider?

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
Google
5.0 / 5 (23)

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 brokerage division of Gold Star Mortgage Financial Group serving borrowers with loans and refinancing. It provides a selection of loan programs, including conventional financing for DACA residents, down payment assistance under FHA, and condo plans for purchase or rate and term refinance. The company offers other types of loans, such as USDA rural development, conventional mortgages, and VA. A & M is an approved issuer of Ellie Mae. It caters to clients in Hammond.

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

Why choose this provider?

SouthShore Region Mortgage caters to individuals in Hammond who need a variety of loan brokerage solutions. The team has fixed-term options with periods ranging from 15 to 30 years, as well as government-backed choices for military service personnel, farmers, and those with reduced credit scores. Reverse mortgage programs are on hand for elderly residents of the community. The company is crewed by staff members with over three decades of collective lending sector experience. SouthShore Region Mortgage supports local businesses to enhance the economy.

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
Google
4.8 / 5 (60)

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

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.