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Best Mortgage Brokers in Springfield

2023

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Website
56 Court Street, Westfield, MA 01085
  • Refinance

Why choose this provider?

Mary Quesnel is a mortgage broker who serves clients from Springfield and nearby areas. She helps individuals in selecting the right mortgage loans and interest rates suitable for their needs. Quesnel is also a certified military housing specialist. She is a broker for Mortgage Network, Inc., a firm that has been offering mortgage services for 30 years now. In 2018, her agency was awarded Best Mortgage Companies to Work For by National Mortgage News 2020.

License Verified:

License: 19241

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 (2)
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
11 Herbert P Almgren Drive, Agawam, MA 01001
  • Refinance

Why choose this provider?

The Jean Group of Academy Mortgage Corporation is a firm helping homebuyers and homeowners with their lending requirements in Springfield since 2014. The available purchase loan programs are FHA, VA, jumbo, fixed-rate, and renovation. The company, licensed in Massachusetts and Connecticut, delivers a hands-on approach and a streamlined service to educate its clients about the entire process. Jason has been in the mortgage industry since 2005, and he has helped thousands of individuals and families purchase homes and refinance their mortgages.

License Verified:

License: 135889

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 (100)
Facebook
5.0 / 5 (62)
Yelp
4.5 / 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
37 Harkness Avenue, East Longmeadow, MA 01028
  • Refinance

Why choose this provider?

Right Key Mortgage provides home purchasing and refinancing loans to Springfield residents. Additionally, its mortgage professionals help customers invest in single-family homes, condominiums, townhomes, and multi-unit properties. The local agency works with various lenders to give clients different loan products suited to their situations. It strives to educate borrowers on achieving homeownership, improving their financial position through investments, and understanding the importance of real estate.

License Verified:

License: 1511439

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 (37)

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
480 Enfield Street, Enfield, CT 06082
  • Refinance

Why choose this provider?

Delano Mortgage Services is a residential and commercial mortgage provider serving Springfield since 2005. It provides financial counseling and personalized loan solutions for customers looking to purchase their dream home. Its loan programs include conventional loans, second mortgage loans, FHA mortgages, VA mortgages, and USDA purchase programs. Additionally, it assists first-time homebuyers and homeowners with Connecticut Housing Finance Authority loans. The company values fiscal responsibility as it strives to perform its business practices ethically and professionally.

License Verified:

License: 106875

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 (33)
Facebook
5.0 / 5 (22)

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
1 South Bridge Drive, Agawam, MA 01001
  • Refinance

Why choose this provider?

For over two decades, Northern Mortgage has been servicing Springfield and the rest of Illinois. The brokerage offers FHA loans, VA loans, balloon mortgages, reverse mortgages, fixed-rate mortgages, and adjustable-rate mortgages. It also aids its clients with concerns regarding credit, appraisals, foreclosure, and closing costs. The firm's loan officers guide the borrowers throughout the loan approval process, from the initial consultation to finalizing transactions. They also educate them on their mortgage options. Northern Mortgage operates in nine states.

License Verified:

License: 130662

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.
4.4
Google
4.0 / 5 (43)
Facebook
5.0 / 5 (29)

Website
1333 Boston Road, Springfield, MA 01119
  • Refinance

Why choose this provider?

USA Mortgage Network, Inc., is a firm located in Springfield that helps individuals who want to purchase a new home or refinance their home loans. Its loan programs include VA loans, USDA loans, FHA loans, HARP 2.0, refinance loans, and commercial loans. The professionals at USA Mortgage Network, Inc., guide its clients through every step of the loan process which includes pre-qualification, choosing of mortgage programs and rates, application, submitting of required documents, underwriting, and closing.

License Verified:

License: 123701

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
Zillow
5.0 / 5 (222)
Google
5.0 / 5 (9)
Yelp
4.0 / 5 (4)

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
1350 Main Street, Springfield, MA 01103
  • Refinance

Why choose this provider?

River City Mortgage is a direct mortgage lender that serves clients in Springfield. It offers a wide range of mortgage loan options for homebuyers and homeowners, including conventional purchase, FHA loans, VA loans, and conventional refinance. To simplify home financing, the lender works with real estate agents from pre-approval to closing. River City Mortgage was established in 2008 and lends in 21 U.S. states and Washington, D.C. Co-founders Nick Hunter and Dan Hutzelman have been working in the mortgage industry since 2004.

License Verified:

License: 142954

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.
4.0
Google
4.0 / 5 (152)
Facebook
4.0 / 5 (70)

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
1650 Longmeadow Street, Longmeadow, MA 01106
  • New Construction
  • Refinance

Why choose this provider?

Mortgage Giver, LLC, is a mortgage broker serving the Springfield metro. Its team of professionals assists clients in finding the right loan programs for their needs and procures tailored financing plans. They offer a range of loan options, including FHA, VBA, jumbo, and conventional loans. The company also handles both fixed and adjustable loan programs. Operating locally, it has a network of mortgage lenders and extensive knowledge of the financial industry in the metro. Its loan officers are experienced in various areas of real estate.

License Verified:

License: 2977

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.
4.0
Google
4.0 / 5 (6)
Facebook
4.0 / 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

Website
251 Northampton Street, Easthampton, MA 01027
  • New Construction
  • Refinance

Why choose this provider?

Residential Mortgage Services is an independent mortgage firm providing residential mortgages to clients throughout Springfield. It offers underwriting, loan processing, and direct lending services. Some of its loan options are VA, FHA, USDA-RD, and conventional purchase and refinance home loans. The company's professionals assist customers throughout the whole loan process, from initial paperwork to settlement. Residential Mortgage Services has been in business since 1991. It also serves homeowners in Delaware, New Hampshire, New Jersey, Connecticut, and Florida.

License Verified:

License: 1760

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 (84)
Google
5.0 / 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

Website
540 Meadow St Ext., Suite 2, Agawam, MA 01001
  • Refinance

Why choose this provider?

Homestead Mortgage delivers personalized mortgage products for homebuyers in Springfield. It understands the unique needs of each borrower and aims to help them secure the right mortgage in an uncomplicated and straightforward process. A wide range of products are available for purchase and refinancing options, such as cash-out refinance, fixed-rate mortgage, VA, FHA, jumbo, and investment property programs. The company works with providers that aid clients to improve their financial standing to get approved for better mortgage options. The company is a member of NRMLA.

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.
4.3
Google
4.0 / 5 (8)
Facebook
5.0 / 5 (3)

Website
1333 Boston Road, Springfield, MA 01119
  • Refinance

Why choose this provider?

The Mortgage Lab by USA Mortgage Network Inc. is a mortgage brokerage offering home purchase and refinance to home buyers and owners in Springfield. It partners with various lenders who provide a wide range of products to suit clients' needs. The firm offers FHA, USDA, VA, and conforming agency loans. The company makes a donation in clients' names to Dakin Humane Society for every loan it closes to assist over 20,000 animals every year.

License Verified:

License: 123701

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 (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
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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.