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Best Mortgage Brokers in Louisville

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Amerifirst Home Mortgage - Elizabethtown logo
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License Verified:

License: 110139

Nationwide Multistate Licensing System and Registry

Amerifirst Home Mortgage - Elizabethtown

2832 Shepherdsville Road, Elizabethtown, KY 42701
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  • New Construction
  • Refinance

Business Description

Built and established in 1983, Amerifirst Home Mortgage has provided Louisville and its surrounding communities with mortgage and financial solutions for their home buying needs. It has since offered a wide variety of loan options, including conventional loans, FHA loans, VA loans, and renovation loans, along with refinancing. It also offers HomeStyle® Renovation, a loan designed for homeowners who want to remodel. Amerifirst Home Mortgage is now present in more than 70 locations and has continued to grow with over 700 employees.

License Verified:

License: 110139

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
5.0 / 5 (3)

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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Detail
Borrowers Choice Mortgage logo
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License Verified:

License: 948

Nationwide Multistate Licensing System and Registry

Borrowers Choice Mortgage

231 Breckenridge Lane, Louisville, KY 40207
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  • New Construction
  • Refinance

Business Description

Borrowers Choice Mortgage is a locally owned mortgage broker that serves clients in Louisville. In collaboration with wholesale lenders across the country, the company offers a variety of loan options for homeowners and homebuyers, including fixed-rate and adjustable-rate mortgage loans. It also customizes fixed terms in one-year increments from 10 to 30 years. Since the company's establishment by Drew A. Schaefer in 1999, it has originated numerous home loans and has obtained various customer referrals.

License Verified:

License: 948

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
5.0 / 5 (18)
Google
4.0 / 5 (11)

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
Frankie Story logo
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License Verified:

License: 470734

Nationwide Multistate Licensing System and Registry

Frankie Story

5223 Dixie Highway, Louisville, KY 40216
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  • Refinance

Business Description

Frankie Story is an American Mortgage Service Company mortgage originator that has been serving clients in the Louisville area since 1993. She provides various types of loans, including FHA, USDA RD, VA, and conventional loans, for clients looking to purchase a home. Additionally, she offers refinancing solutions for homeowners seeking lower monthly payments, shorter mortgage terms, and home equities in current properties. Frankie aims to provide mortgage information and education to help clients make informed decisions.

License Verified:

License: 470734

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
Lightpoint Mortgage logo
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License Verified:

License: 408969

Nationwide Multistate Licensing System and Registry

Lightpoint Mortgage

161 Saint Matthews Avenue, Louisville, KY 40207
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  • New Construction
  • Refinance

Business Description

Lightpoint Mortgage, Inc., is a Louisville-based mortgage broker. The company guides clients who want to buy or refinance a residential property with a wide range of loan options such as VA, FHA, USDA, and HARP loans. Adjustable-rate and 15 or 30-year fixed mortgages are also available. Its team of brokers serves a variety of clients, from first-time homebuyers to individuals who are refinancing a home. The company has been providing its services to the community since 2011.

License Verified:

License: 408969

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.
4.1
Google
4.0 / 5 (88)
Facebook
5.0 / 5 (10)
Yelp
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
Old Colonial Mortgage logo
Visit WebsiteWebsite

License Verified:

License: 1265

Nationwide Multistate Licensing System and Registry

Old Colonial Mortgage

916 Lily Creek Road, Louisville, KY 40243
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  • Refinance

Business Description

Old Colonial Mortgage explores home loan opportunities for clients in Louisville. It aids in completing mortgage qualifiers and comparing interest rates and terms, offering fixed and adjustable-rate programs and FHA, VA, and USDA loans. It also offers jumbo loans, 203k loans, and reverse mortgages. Old Colonial Mortgage also provides refinancing options, counseling homeowners on their respective mortgage scenarios and terms. Partner and loan originator Kurt Ehret has assisted clients who were told, "You don't qualify." He draws from his experience of evaluating mortgage scenarios and credit restoration.

License Verified:

License: 1265

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.
3.9
Facebook
3.0 / 5 (8)
Google
4.0 / 5 (4)

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
––
Signature Mortgage logo
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License Verified:

License: 39183

Nationwide Multistate Licensing System and Registry

Signature Mortgage

3001 Charlestown Crossing Way, New Albany, IN 47150
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  • New Construction
  • Refinance

Business Description

Signature Mortgage is a full-service mortgage firm serving clients in the Louisville area. The company provides a wide variety of government loan products, including FHA, VA, and rural housing or USDA. Signature Mortgage provides homeowners with refinancing programs that assist in consolidating debt, reducing monthly payments, getting cash equity, and paying debts off faster. The company's website has mortgage calculators for further research and analysis. Its professionals can also provide assistance with downpayments and credit score analysis.

License Verified:

License: 39183

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 (36)
Facebook
5.0 / 5 (25)
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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Statewide Mortgage logo
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License Verified:

License: 1304

Nationwide Multistate Licensing System and Registry

Statewide Mortgage

10140 Linn Station Road, Louisville, KY 40223
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  • Refinance

Business Description

Statewide Mortgage offers commercial and home loans in Louisville. Run by Donnie Benningfield, the company provides various loan types, such as home refinance, home purchase, and reverse mortgage. These products apply to properties like single-family, multi-family, condominiums, townhouses, and manufactured homes. He also offers a wide range of loan programs, namely fixed-rate mortgages, adjustable-rate mortgages, FHA loans, and VA loans. Benningfield has been in the business for over 20 years and has run the mortgage company for 18.5 years.

License Verified:

License: 1304

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
4.0 / 5 (149)
Facebook
4.0 / 5 (63)
Yelp
4.0 / 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
United Residential Mortgage logo
Visit WebsiteWebsite

License Verified:

License: 1326012

Nationwide Multistate Licensing System and Registry

United Residential Mortgage

209 North Mulberry Street, Elizabethtown, KY 42701
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  • Purchase and Refinance
  • New Construction

Business Description

United Residential Mortgage is a residential mortgage company committed to providing custom mortgage solutions and great customer service to Louisville residents. ​It offers USDA rural housing, FHA loans, VA loans, HARP loans, and conventional home loans, which all include fixed-rate options as well as ARM options. It aims to deliver a fast and transparent mortgage process for homebuyers and homeowners, whether they are purchasing or refinancing a home. Testimonials describe the company as reliable and efficient.

License Verified:

License: 1326012

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
5.0 / 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
Helpfulness
Detail
Wholesale Mortgage Source, LLC logo
Visit WebsiteWebsite

License Verified:

License: 1582934

Nationwide Multistate Licensing System and Registry

Wholesale Mortgage Source, LLC

12700 Townepark Way, Louisville, KY 40242
Visit WebsiteWebsite
  • Refinance
  • Reverse Mortgages

Business Description

Wholesale Mortgage Source LLC is a Louisville-based mortgage brokerage headed by Brian Curl. The company assists clients in finding and applying for loan products tailored to their financial goals. Its loan officers can help clients apply for 203k loans, VA loans, and 15 and 30 year mortgages. The company can also advise clients on refinancing their existing mortgages. Brian Curl has over 20 years of industry experience and holds a master's degree in Business Administration.

License Verified:

License: 1582934

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 (96)
Facebook
5.0 / 5 (12)

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
Back to Providers

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.

How do mortgage brokers get paid?

The customer or the lender pays the mortgage broker. By law, it's illegal for a mortgage broker to accept payment from both parties. Additionally, thanks to the Dodd-Frank Act, a mortgage broker cannot have hidden fees or base their commission on their customer's interest rate.

What makes mortgage brokers different from loan officers?

Loan officers are employees of a single lender. For example, if you go to a bank for a mortgage, you'll deal with their loan officer. They’re paid a set salary and receive bonuses; however, they can only offer loans from their bank.

A mortgage broker works independently or for a firm, and they’re paid by the client or lender. Mortgage brokers can approach several lenders, giving individuals many more options.

What is the difference between a commercial mortgage broker and a home loan broker?

A commercial mortgage broker deals with real estate loans for businesses. The loan for the commercial property is given to the company, not the individual. As a result, the approval process reviews the financial health of the business. In comparison, a home loan broker helps individuals gain a real estate loan for their property.

How much do mortgage brokers make?

According to Salary.com, the average salary for a mortgage broker in the U.S. ranges between $75,344 and $99,498. However, this can significantly vary depending on the state you work in, bonuses, and other factors.

How do mortgage brokers get paid?

How a mortgage broker gets paid entirely depends on who they work for. If they’re an independent contractor, all of their income comes from their clients or lenders. If the person works for a brokerage, they may be paid a combination of a base salary and bonuses from closed deals.

How much do mortgage brokers make per loan?

Mortgage brokers typically make between 1% and 2% of the total loan amount on each deal closed. The client or the lender will pay this fee. The mortgage broker does not receive their payment until the loan is approved and finalized. 

Can mortgage brokers work across state lines?

Yes, mortgage brokers can work across state lines. However, each state has different licensing requirements for its mortgage brokers. To legally close a transaction, you must be certified in the state of the transaction. Additionally, it's helpful to know the state's closing process, as this can change from state to state.

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.

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.

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.

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