Expertise.com

2024

Last updated:

Best Mortgage Brokers in Wichita

Our Recommended Top 6

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

94Reviewed

58Curated

6Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

429 South 119th Street West, Wichita, KS 67235
WebsiteLicense: 1642415

Expertise.com Rating

Review Sources

Facebook
4.0 (105)
Google
4.0 (49)

Why choose this provider?

Delmar Mortgage provides the residents of Wichita with solutions to their mortgage needs. It has 55 years of professional experience in loan purchasing and refinancing, helping clients find loan programs that match their goals. It covers a broad range of loan options, including conventional, FHA, VA, IHDA, and fixed and adjustable-rate options. The company also offers assistance on debt consolidation and second mortgages. The agents from this company have access to advanced technologies to quickly pool available mortgage options and procure personalized plans for clients.

  • New Construction

10011 West 21st Street, Wichita, KS 67205
WebsiteLicense: 235600

Expertise.com Rating

Review Sources

Google
5.0 (14)
Facebook
4.0 (4)

Why choose this provider?

First Equity Mortgage Services Inc. is a brokerage firm that serves Wichita and the surrounding communities. Its services include options for homebuyers such as conventional loans, FHA and VA loans, 100% USDA GRH, commercial loans, and rehabilitation loans. It also offers services to people looking to refinance to lower their interest rates and payments, consolidate their debt, or cash out on their home equity. Additionally, First Equity Mortgage Services Inc. is also active in serving the local community. The company is an active contributor to Catholic charities, the Red Cross, and Habitat for Humanity.

  • Refinance

10111 East 21st Street North, Wichita, KS 67206
WebsiteLicense: 1977849

Expertise.com Rating

Review Sources

Facebook
5.0 (25)
Google
5.0 (4)

Why choose this provider?

Preston Kirkhart is a Sierra Pacific mortgage loan officer who serves clients in Wichita. He offers an assortment of mortgage loan options for homeowners and homebuyers that include conventional, FHA, VA, and USDA home loans. Sierra Pacific has a license to sell home financing products from Fannie Mae, Ginnie Mae, and Freddie Mac. The privately held mortgage company was incorporated in 1986 and has been included in Mortgage Technology's "Top 25 Tech-Savvy Lender" from 2010-2013.

  • Refinance

240 North Rock Road, Wichita, KS 67206
WebsiteLicense: 323881

Expertise.com Rating

Review Sources

Google
4.0 (10)
Facebook
5.0 (1)
Yelp
5.0 (1)

Why choose this provider?

Phoenix Mortgage Group is a residential mortgage lender that offers loan programs for refinancing and purchasing homes in Wichita. Home, conventional, FHA, jumbo, and reverse mortgages are some of the loans it handles. It also delivers the mortgage application service online, where clients can get pre-approved in 10 minutes. Led by Adam Hamilton, Phoenix Mortgage Group's mission is to deliver solutions that meet its clients' every expectation. Adam has 20 years of experience in the industry, and he aims to deliver personalized and stress-free transactions.

  • Refinance

12007 East 13th Street North, Wichita, KS 67206
WebsiteLicense: 2085526

Expertise.com Rating

Review Sources

Google
4.0 (33)

Why choose this provider?

JR Mortgage Group is a Wichita-based mortgage broker that offers diverse loan solutions. It provides adjustable-rate mortgages, which, unlike fixed-rate mortgages, have an interest rate that varies on a regular basis. It also offers other options, such as FHA loans, VA loans, 203k loans, and 15-30 year fixed mortgages. Clients of JR Mortgage Group report that their representatives are "very responsive and knowledgable," and that the company is a fantastic lender, particularly for first-time buyers.

  • Refinance
  • Purchase Transactions

2118 North Tyler Road, Wichita, KS 67212
WebsiteLicense: 543323

Expertise.com Rating

Review Sources

Google
5.0 (16)

Why choose this provider?

Bret Frerichs is a mortgage broker who has been serving clients in Wichita and the surrounding areas for over 17 years. He assists prospective homeowners to obtain mortgage options to buy a new home, refinance current mortgage to lower monthly dues, or borrow using home equity. He also offers home financing services for veterans. Frerichs is the branch manager at Benchmark Mortgage, which is a full-service mortgage firm founded in 1999 and is licensed in 48 states across the U.S.

  • Refinance

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.