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Best Mortgage Brokers in Lowell

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Andrew CampoBasso logo

Andrew CampoBasso

3 Park Street, Leominster, MA 01453
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  • Reverse Mortgages

Andrew CampoBasso is a branch manager at HarborOne Mortgage. He provides residential mortgage lending services to homebuyers and helps refinance borrowers in Lowell and the surrounding areas. He walks clients through every stage of the loan process when acquiring property and assists them in selecting the ideal mortgage choice for their needs, from conventional, jumbo, and government programs such as FHA, VA, and USDA mortgages. Andrew has been a loan originator serving local lenders since 2001.

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Best Rate Mortgage logo

Best Rate Mortgage

Lowell, MA
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  • Refinance

Best Rate Mortgage caters to first-time buyers and investors in the Lowell metro and nearby areas. Its loan officers help individuals and families acquire their dream residential spaces through fixed- and adjustable-rate mortgage solutions. They provide a wide selection of mortgage programs, such as high-balance, conventional, renovation, FHA, and jumbo loans. They also process cash-out or rate and term refinancing mortgage loans. Best Rate Mortgage has been in the industry for more than a decade.

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Pride Rock Mortgage, LLC logo

Pride Rock Mortgage, LLC

31 Lowell Rd, Unit 7, Windham, NH 03087
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  • Refinance
  • New Construction

Pride Rock Mortgage, LLC, provides a variety of housing loan products for Lowell homebuyers. It searches for loan programs that match clients' different income levels, credit history, home types, and locations. It caters to the funding requirements of new houses, multi-family dwellings, condominium units, and investment properties, as well as refinancing solutions for existing mortgages. The mortgage broker offers conventional, reverse, and government-insured loans. Company owner Richard Barry assists borrowers in the pre-qualification, loan selection, and application process.

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PRMG Woburn logo

PRMG Woburn

800 West Cummings Park, Suite 5800, Woburn, MA 01801
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  • Refinance
  • New Construction

PRMG Woburn is a privately held mortgage banker that serves clients in Lowell and the surrounding cities. As a Fannie Mae and Freddie Mac direct lender and Ginnie Mae issuer, it offers a variety of mortgage product lines, including standard conventional, FHA, VA, and USDA. Borrowers who meet the requirements may also apply for a refinancing or renovation mortgage. PRMG Woburn has more than 20 years of experience delivering home financing solutions and has helped thousands of borrowers across the country.

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Slade Mortgage logo

Slade Mortgage

160 Katharine Lee Bates Road, Lowell, MA 02540
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  • Refinance
  • New Construction

Slade Mortgage is a Falmouth-based company that deals with clients across Lowell. It provides various loan programs for aspiring homeowners, including VA and FHA mortgages. The company has experience assisting first-time home buyers and investors in acquiring properties. It also sets up a reverse mortgage, a way for homeowners to manage healthcare-related costs. The team at Slade Mortgage has more than 85 years of collective industry experience. Its founder, Mike Burton, previously worked at Citizens Bank as a manager.

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Frequently Asked Questions

Q: Do mortgage brokers need to be licensed?

A: 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.

Q: Is it difficult to pass the mortgage brokers’ test?

A: 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.

Q: What is a surety bond for mortgage brokers?

A: 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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