Best Mortgage Brokers in Newton

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IND Mortgage logo
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License Verified:

License: 1785067

Nationwide Multistate Licensing System and Registry

IND Mortgage

117 Kendrick St., Needham, MA 02494
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  • Refinance

Business Description

IND Mortgage serves the people of Newton. It offers various lending solutions to people looking to buy houses or refinance their current mortgages. It works closely with borrowers to help them decide which program suits their goals. Loan options include HARP 2.0, FHA, VA, balloon, and reverse mortgages. Pauline So Lee, the company's mortgage loan officer, formerly held implementation roles in operations, finance, and compliance. She also makes use of her prior experience as a real estate sales agent when collaborating with real estate partners.

License Verified:

License: 1785067

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 (15)
Facebook
5.0 / 5 (8)

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
Mortgages, Inc. logo
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License Verified:

License: 1726

Nationwide Multistate Licensing System and Registry

Mortgages, Inc.

181 Wells Ave # 206, Newton, MA 02459
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  • Refinance

Business Description

Mortgages, Inc., addresses the real estate concerns of families and individuals in and around Newton. It provides a wide selection of mortgage products to help residents purchase their preferred residential spaces. The company serves first-time homebuyers and veterans who want to file FHA and VA loan applications. Its team also works closely with borrowers to assist them in developing refinancing strategies to reduce their monthly payments. Mortgages has been in operation for more than two decades.

License Verified:

License: 1726

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

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
––
RFG Financial logo
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License Verified:

License: 1825767

Nationwide Multistate Licensing System and Registry

RFG Financial

75 2nd Avenue, Suite 530, Needham, MA 02494
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  • Refinance
  • New Construction

Business Description

RFG Financial serves clients across Newton and the surrounding areas. It helps individuals apply for conventional mortgage plans with fixed rates ranging from 10 to 30 years. These conventional plans allow clients to purchase different primary or investment property types, including warrantable condos, single-family homes, one-to-four-family residences, and planned unit developments. The company also provides services to clients needing government mortgages, such as FHA and VA loans. Commercial loans are also available. Its founder, Ron Gardiner, brings over three decades of industry experience.

License Verified:

License: 1825767

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 (7)
Superior Funding Corporation logo
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License Verified:

License: 2972

Nationwide Multistate Licensing System and Registry

Superior Funding Corporation

343 Washington Street, Newton, MA 02458
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  • Refinance

Business Description

Superior Funding Corporation is a locally operated mortgage lender and broker business serving clients in the state of Massachusetts. It originates various types of loans, including conventional, FHA, USDA, and VA which can be used for home purchasing and refinancing. Other loan products include Freddie Mac Home Possible and Fannie Mae HomeReady mortgages. The company's specialists examine clients' financial situations and documentation to set expectations and address concerns. Professionals with technical backgrounds and advanced education in engineering, economics, and finance founded Superior Funding Corporation in 2004.

License Verified:

License: 2972

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
5.0 / 5 (30)
Yelp
5.0 / 5 (5)

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
Weston Loan Group logo
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License Verified:

License: 1202

Nationwide Multistate Licensing System and Registry

Weston Loan Group

1087 Beacon Street Suite 202, Newton, MA 02459
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  • Refinance

Business Description

Newton borrowers who seek loans and financial options may tap Weston Loan Group. It provides those looking to purchase their own houses with fixed-rate, FHA, VA, USDA, and jumbo home loans. It also has a first-time homebuyer program and low downpayment options. Refinance and investment property loans are additionally available. Weston Loan Group started operating in 2005. One of its co-founders, Peter Delea, has individually originated $1 billion in loans and another $2 billion as part of a team.

License Verified:

License: 1202

Nationwide Multistate Licensing System and Registry

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Frequently Asked Questions

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.

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.

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.

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