Expertise.com

Best Mortgage Brokers in New Bedford

2024

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Website
99 S. Main Street Suite #154, Fall River, MA 02721
  • Refinance

Why choose this provider?

First Class serves locals in New Bedford who need mortgage brokers. The team delivers various traditional fixed and adjustable-rate mortgages. FHA-backed programs are available for borrowers who need less burdensome terms of compliance. The company has reverse mortgages for the elderly members of the community, as well as government programs for military service veterans and current members. It also refinances existing obligations. First Class is staffed by individuals with over two decades of combined lending sector experience.

License Verified:

License: 2038063

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 (19)

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
115 Ripley Road, Suite 5, Cohasset, MA 02066
  • Refinance

Why choose this provider?

Since 2010, Back Bay Mortgage Brokers has been dealing with New Bedford clients. The company guides individuals aiming to purchase properties like townhouses, manufactured homes, and condominiums through the mortgage application process. It offers a variety of loan products, ranging from FHA and VA loans to jumbo programs. The company also deals with property owners looking to refinance their mortgages. Matthew Horan, its founder and president, has a background in the financial services field and once served as an investment advisor under Wernau Asset Management.

License Verified:

License: 373332

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
Facebook
4.6 / 5 (5)
Google
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

Website
10A Bridge Street, Suite 200, South Dartmouth, MA 02748
  • New Construction

Why choose this provider?

Stonegate Mortgage offers a variety of loan and refinancing options to potential applicants from New Bedford. It is led by founder Thomas J. Quan, III, who utilizes more than two decades of experience to provide clients with educative guidance on their available mortgage options. He and his team recommend various programs based on criteria such as an applicant's credit score, current marketing situations, and interest rate changes. They have closed more than 6,000 loans for numerous clients in the region.

License Verified:

License: 1223

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 (89)
Facebook
5.0 / 5 (56)
Zillow
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

Website
10 Elders Pond Drive, Lakeville, MA 02347
  • Refinance
  • New Construction

Why choose this provider?

Brick Road Mortgage specializes in home refinancing solutions for customers in New Bedford. It has a selection of mortgage products and programs, such as jumbo, USDA, VA, FHA, and conventional loans. Additionally, it has fixed-rate and adjustable-rate mortgages customized to the needs of clients. The company has over 20 years of industry experience in serving clients who plan to purchase homes, condominiums, and investment properties. The owner, Mark Arone, founded the company after working as a senior loan officer for over a decade.

License Verified:

License: 1233547

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 (54)
Google
5.0 / 5 (48)
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

Website
1116 Stafford Road, Fall River, MA 02721
  • Refinance
  • New Construction

Why choose this provider?

Troy City Mortgage LLC is an independent brokerage company that serves individuals and families in New Bedford. It provides a wide variety of loan programs, including FHA, jumbo, USDA, VA, and rehab loans. Its team also offers low down payment and first-time home buyer programs. In addition, the company assists with investment property loans. Troy City Mortgage has been in business for more than a decade. It is also licensed in Rhode Island, Connecticut, and Florida.

License Verified:

License: 1591856

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 (107)
Facebook
5.0 / 5 (52)
Zillow
5.0 / 5 (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

Website
895 Arcade Avenue, Seekonk, MA 02771
  • Refinance

Why choose this provider?

Jarred Minieri is a mortgage loan officer and branch manager for Semper Home Loans, Inc. who serves individual home buyers and owners in New Bedford and the surrounding areas. He provides customers with various mortgage programs, including conventional, FHA, and VA loans. The mortgage process includes submitting applications and receiving notification of approval status, information verification, underwriting and processing, and clearance to close. Jarred Minieri attributes his success to his ability to think outside the box and make his clients feel at ease throughout the mortgage process.

License Verified:

License: 51775

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 (47)
Google
4.9 / 5 (31)

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

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

Why choose this provider?

For more than 30 years, Maritime Mortgage has been serving homeowners, real estate investors, and commercial property clients in New Bedford and nearby communities. The company offers various loan options, such as FHA, conventional renovations, jumbo, VA, and fixed and adjustable rate mortgages. Its loan officers crew has helped over 1,000 families refinance and purchase their homes. Founder and co-broker Jim Brennan is licensed to accommodate customers residing in Florida, New Hampshire, and Rhode Island.

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
Google
5.0 / 5 (77)
Facebook
5.0 / 5 (37)
Zillow
5.0 / 5 (12)

(+1 additional source)

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
465 E Falmouth Hwy, Ste B, East Falmouth, MA 02536
  • Refinance

Why choose this provider?

Ed Moloney offers mortgage brokerage services to clients in and around New Bedford. He operates under the Equity Resources, Inc., umbrella and delivers conventional loans for first-time buyers and USDA-backed options for agricultural purchasers. Moloney has been in the lending sector for more than 15 years and focuses on educating individuals on the finer points of mortgages and the related bureaucratic processes. The loan officer works with a variety of investors.

License Verified:

License: 10321

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 (144)
Facebook
5.0 / 5 (62)

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
75 Newman Avenue, Rumford, RI 02916
  • Refinance

Why choose this provider?

Deborah Colanino leverages over 30 years of real estate and mortgage experience to help individuals and families in New Bedford achieve their homeownership goals. Deborah is a senior loan officer for Shamrock Home Loans, which allows her to offer various loan programs to her clients looking to purchase new properties and refinance existing mortgages. These include conventional, FHA, reverse, USDA, and VA streamline. Customers can compare loan options, calculate savings, and submit documents through the company's mobile app, My Home & Mortgage.

License Verified:

License: 48904

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 (7)

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
45 Weeden Road, Fairhaven, MA 02719
  • Refinance
  • New Construction

Why choose this provider?

Onshore Mortgage provides services across New Bedford and the neighboring cities. It offers conventional mortgage loan programs for clients wanting to purchase manufactured homes, investment properties, and multi-unit dwellings. It also carries other loan options, such as jumbo, FHA, VA, and USDA. Asset-based mortgage loan programs are also available for self-employed borrowers, retired, or soon-to-be-retired individuals. Onshore Mortgage brings more than 25 years of experience in the industry. It is also open 24/7 to provide for clients' mortgage needs.

License Verified:

License: 1995582

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 (198)

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
77 State Road, Dartmouth, MA 02748
  • Refinance

Why choose this provider?

Milestone Mortgage Solutions offers loan services to borrowers in the New Bedford area that meet their home and financial goals. It handles multiple refinance and purchase loan programs such as conventional, FHA, USDA-RD, VA, jumbo, and other state-sponsored options. The company works with various banks to give its clients the right to choose from different rates and terms that meet their needs. Milestone Mortgage Solutions aims to provide a prompt and customer-centric approach through its digital quotes and online loan application process.

License Verified:

License: 1815656

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 (181)
Facebook
5.0 / 5 (28)
Zillow
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.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
130 GAR Highway, Swansea, MA 02777
  • Refinance

Why choose this provider?

Kevin Oliveira is a branch manager at Fairway Independent Mortgage Corporation who caters to clients in New Bedford. He helps clients who plan to buy, sell, refinance, or build their dream homes by providing a selection of programs such as FHA, USDA, VA, jumbo, and conforming loans. The firm offers fixed-rate and adjustable-rate mortgage options with loan terms ranging from five to 30 years. Oliveira assists customers in achieving homeownership by finding loan programs that suit their needs and circumstances.

License Verified:

License: 21107

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

Website
540 Main Street, Unit 15, Hyannis, MA 02601
  • Refinance

Why choose this provider?

Homestead Mortgage serves clients in New Bedford who are looking to purchase or refinance a residential property. It offers FHA mortgages with 15-, 20-, 25-, and 30-year terms through a team of over 40 loan originators. The company also provides USDA, VA, and jumbo loan options, as well as reverse mortgages. Homestead Mortgage has been in business since 2008. It is a member of the National Association of Mortgage Brokers and the National Reverse Mortgage Lenders Association.

License Verified:

License: 153492

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 (51)

Website
113R Padelford St, Berkley, MA 02779
  • New Construction

Why choose this provider?

ABLE Mortgage Co. is a brokerage company that serves clients in New Bedford. It collaborates with top lending institutions to provide several loan alternatives, such as 30-day fixed conventional loans and jumbo loans, for its clients' unique needs. The business uses simple and straightforward procedures while utilizing the most recent financial instruments to assist borrowers in selecting the best loan solution. ABLE Mortgage Inc. is also licensed to operate in Connecticut, Rhode Island, New Hampshire, and Florida.

License Verified:

License: 1273216

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.
4.3
Google
4.3 / 5 (6)

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

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.