Expertise.com

2024

Last updated:

Best Mortgage Brokers in Lynn

Our Recommended Top 12

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

34Reviewed

25Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
306 Main Street, Reading, MA 01867
  • Refinance

Why choose this provider?

Tower Home Loans serves first-time and returning home buyers in Lynn with their refinancing needs. The company's loan officers discuss current market trends and the client's financial situation as part of their efforts to help them switch from an adjustable-rate loan to a fixed-rate program. Whether purchasing a primary residence, second home, or investment property, it guides them through the entire mortgage process. Its founder, Jean Machado, has been in the mortgage industry for more than 15 years.

License Verified:

License: 1207424

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.
4.7
Google
4.7 / 5 (39)

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
73 South St 2nd Floor, Hingham, MA 02043
  • Commercial Loans
  • Refinance
  • New Construction

Why choose this provider?

Birchtree Mortgage is a full-service brokerage firm that addresses the housing-related concerns of individuals and families in Lynn. The company helps clients purchase their dream homes through various loan options. It also has refinancing programs for those who want to get lower rates and monthly payments and get cash from their loans. Owner Mike Richton has more than a decade of experience in the real estate and lending industries. He is also the founder of StopLeukemia.org.

License Verified:

License: 1804151

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
5.0 / 5 (24)
Facebook
4.5 / 5 (13)

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
300 Rosewood Drive, Suite 240, Danvers, MA 01923
  • Refinance
  • New Construction

Why choose this provider?

Brad Vocino is a mortgage professional serving Lynn and its neighboring communities. He attends to the financing needs of first-time homebuyers and individuals planning to buy a vacation home or new primary residence. He also assists investors who are purchasing real estate to broaden their portfolios. Brad assists clients from pre-approval to closing, keeping clients informed throughout the process via call and email. In addition to purchase loans, he offers refinance options for clients looking to lower mortgage interest rates.

License Verified:

License: 351606

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 (126)
Facebook
5.0 / 5 (39)

Website
405 Cochituate Road, Suite 204, Framingham, MA 01701
  • Refinance

Why choose this provider?

OnTo Mortgage, which started operating in 2019, is a team of loan specialists serving Lynn and nearby areas. They help clients choose suitable loan products to fund real estate purchases, catering to both first-time homebuyers and investors. The advisors work with clients through the process, including the mortgage terms and rates comparison stage. Conforming, super jumbo, and USDA loans are some of OnTo Mortgage's products. Its leadership team has three decades of combined experience in the industry.

License Verified:

License: 1881051

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 (119)
Facebook
5.0 / 5 (18)
Yelp
3.5 / 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
––

Website
331 Marrett Road, Lexington, MA 02421
  • Refinance

Why choose this provider?

Morningtide Financial Group is a full-service mortgage brokerage that serves clients in Lynn. It offers conventional, renovation, jumbo, FHA, and VA loan programs. The team gives back a portion of its loan closings to charities, such as The Lexington PMC Kids Ride, the Buddy Dog Humane Society, the Waltham Boys & Girls Club, and the Dana Farber Cancer Institute. The company's CEO, Tom Higgins, began his career as a senior loan officer and has been in the mortgage industry for over 15 years.

License Verified:

License: 1778683

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
4.8 / 5 (26)
Facebook
5.0 / 5 (18)

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
354 Main Street, Winthrop, MA 02152
  • Refinance

Why choose this provider?

MSA Mortgage helps borrowers in Lynn find home loan programs that match their individual needs and financial capabilities. The full-service mortgage bank offers various home financing options, such as lot, construction, and rehab loans. In addition, it provides mortgage rate terms, including interest-only, fixed, and pay-option ARMs. MSA Mortgage also carries cash-out programs for owner-occupied and non-owner-occupied homes. Its website is equipped with a mortgage calculator to help clients project their potential expenses by taking into consideration the down payment, loan amount, and amortization period.

License Verified:

License: 1984

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 (177)
Facebook
5.0 / 5 (19)
Google
4.5 / 5 (17)

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
4 Cabot Place, Second Floor, Stoughton, MA 02072
  • New Construction

Why choose this provider?

Maritime Mortgage caters to home buyers in Lynn. The firm has mortgage refinancing solutions, including jumbo, VA, FHA, and conventional loans. Its team educates clients on loan terms and options to help them make informed financial decisions based on their needs. The company has been helping thousands of clients obtain home financing for over 30 years. It has a physical office in Stoughton, extending its services throughout New Hampshire, Florida, Maine, Rhode Island, and Massachusetts.

License Verified:

License: 2708

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 (38)

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
40 Eastern Ave Suite 219, Malden, MA 02148
  • Refinance

Why choose this provider?

Transcend Mortgage Inc. addresses the home purchase and refinance needs of customers in Lynn. Founder and senior loan advisor Dan Tran has worked with big banks and lenders and have experience helping borrowers overcome roadblocks throughout the loan process. He offers numerous loan types, including graduated payment and interest-only mortgages, and jumbo, USDA, and FHA loans. Tran helps borrowers choose the program according to their needs and budget and allows them to use his website's decision-making tools, including mortgage, refinance, and principal calculators.

License Verified:

License: 1499726

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 (48)
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
Helpfulness
Detail

Website
10 Bremen Street, Second Floor, East Boston, MA 02128
  • Refinance
  • New Construction

Why choose this provider?

MDO Mortgage provides multiple loans and mortgage programs to the residents of Lynn. The organization provides a range of mortgage program options, including graduated payments, interest-only, adjustable-rate mortgages, and fixed rates, to help clients take advantage of more manageable payment terms. Additionally, its staff offers various loan program alternatives, including jumbo, FHA, USDA, and VA loans. The company's team has more than 20 years of experience in the industry. Diego, the loan officer, started his financial services career by working in a wall street firm.

License Verified:

License: 1986484

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 (110)
Zillow
5.0 / 5 (63)
Facebook
5.0 / 5 (26)

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

Why choose this provider?

PRMG Woburn Branch is a privately held mortgage banker that serves the residents of Lynn and the surrounding areas. As a Fannie Mae and Freddie Mac direct lender, it assists with Homestyle Renovation, HomeReady, and Home Possible loans. It also provides Ginnie Mae products such as FHA, VA, and USDA loans. Other products it offers include reverse mortgages, jumbo loans, and non-QM products. PRMG donates to various local and nationwide charities through its PRMG Cares nonprofit foundation.

License Verified:

License: 1091814

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 (40)

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
471 Eastern Ave, Chelsea, MA 02150
  • New Construction

Why choose this provider?

Boston Mortgage Services caters to clients across the Lynn metro. It provides home-purchasing loan programs for individuals and families needing financial assistance to purchase residential properties, including single-family and condominium units. Its loan programs include FHA, conventional, and 203k. The team is available to handle mortgage refinancing solutions for homeowners wanting to obtain cash from their equity or change their loan terms and rates. Elba Rojas, the company's founder and owner, has been in the mortgage field since 1993.

License Verified:

License: 1473315

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 (76)

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
100 Cummings Center Suite 544H, Beverly, MA 01915
  • New Construction

Why choose this provider?

GoldCoast Mortgage Service, Inc., serves the needs of individuals, couples, and families throughout Lynn and the surrounding metros. The firm was established in 1999. Its consultants walk clients through the process of finding, applying for, and qualifying for a loan by matching them with programs that meet their specific needs and requirements. It also assists with the refinancing of existing mortgage loans. GoldCoast Mortgage Service is affiliated with the Veteran’s Administration and assists veterans and active military members with their mortgage needs.

License Verified:

License: 1841

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 (160)
Facebook
5.0 / 5 (34)

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

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.