Expertise.com

2024

Last updated:

Best Mortgage Brokers in Lowell

Our Recommended Top 10

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

36Reviewed

25Curated

10Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

515 Lowell St, Peabody, MA 01960
WebsiteLicense: 2513

Expertise.com Rating

Review Sources

Google
5.0 (63)
Zillow
5.0 (56)
Facebook
4.6 (36)

Why choose this provider?

Miller Mortgage lends its hand to clients in Lowell. The local brokerage provides home purchasing and loan refinancing services. Its team attends to refinancing matters that involve lowering monthly payments, reducing interest rates, converting to fixed-rate mortgages, consolidating debts, and removing Private Mortgage Insurance. The brokerage has a community consisting of a network of Realtors, attorneys, and mortgage brokers. It utilizes more than 15 years of industry experience in aiding clients with their mortgage needs.

  • New Construction
  • Refinance

160 Katharine Lee Bates Road, Lowell, MA 02540
WebsiteLicense: 1617

Expertise.com Rating

Review Sources

Google
5.0 (11)

Why choose this provider?

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.

  • Refinance
  • New Construction

3 Park Street, Leominster, MA 01453
WebsiteLicense: 22615

Expertise.com Rating

Why choose this provider?

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.

  • Reverse Mortgages

31 Lowell Rd, Unit 7, Windham, NH 03087
WebsiteLicense: 1168038

Expertise.com Rating

Review Sources

Zillow
4.9 (34)
Google
4.8 (16)

Why choose this provider?

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.

  • Refinance
  • New Construction

345 No. Road, Unit #4, North Chelmsford, MA 01863
WebsiteLicense: 38414

Expertise.com Rating

Why choose this provider?

Ratha Men is a loan originator with Homestead Funding Corp. serving the Lowell community. She offers different types of mortgages, including conventional, jumbo, government-backed, and renovation programs. She also works with homebuyers planning to refinance a current mortgage to shorten loan terms, lower monthly rates, and get cash out from equity. Additionally, Men carries specialty options like closing guarantee and lock and shop programs. She has been in the industry since 2003. She is bilingual in Khmer.

  • Reverse Mortgages

800 West Cummings Park, Suite 5800, Woburn, MA 01801
WebsiteLicense: 2110705

Expertise.com Rating

Review Sources

Google
5.0 (40)

Why choose this provider?

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.

  • Refinance
  • New Construction

4 Lowell Road #11, North Reading, MA 01864
WebsiteLicense: 2901

Expertise.com Rating

Review Sources

Facebook
5.0 (11)
Google
4.5 (8)

Why choose this provider?

Patriot Mortgage Company Inc. is a family-owned company that serves clients in the Lowell area. It markets mortgage products like 203K, VA, FHA, HARP, and conventional loans. The team also handles property purchases and refinancing for clients seeking shorter terms, lower payment, or home improvement. Patriot Mortgage Company was established in 1992 and is also licensed to operate in New Hampshire. Clients can access various tools on its website, like the payment calculator, refinance analysis, and pre-qualification letters.

  • Multi-Family Loans

97 Lowell Road, Concord, MA 01742
WebsiteLicense: 448298

Expertise.com Rating

Why choose this provider?

Edward Larkin is a senior loan officer at Citizens Financial Group, Inc., a mortgage refinance company serving the citizens of Lowell. Larkin offers mortgage services, including fixed-rate and adjustable-rate mortgages. Additionally, he provides financing services for physician homes, second homes, investment properties, FHA, VA, and jumbo loans. Programs for affordable home financing, condos, building to permanent, and renovation to permanent are included in the services. His affiliation, Citizens Financial Group, has served customers and communities for 200 years.

  • Refinance
  • New Construction

Lowell, MA
WebsiteLicense: 398039

Expertise.com Rating

Review Sources

Facebook
5.0 (17)

Why choose this provider?

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.

  • Refinance

405 Cochituate Road, Suite 204, Framingham, MA 01701
WebsiteLicense: 1881051

Expertise.com Rating

Review Sources

Google
5.0 (119)
Facebook
5.0 (23)
Yelp
3.5 (2)

Why choose this provider?

OnTo Mortgage serves residents of Lowell who need financial services. The crew works with home purchasers in the market for fixed or adjustable-rate products and those with 15 to 30-year terms. It offers USDA-backed options for rural asset investors, and VA plans are available for national defense personnel. The agency also refinances existing debts into less onerous forms. OnTo Mortgage was started by two loan originators with more than three decades of lending industry experience.

  • Refinance
  • New Construction

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.