Expertise.com

Best Mortgage Brokers in Baltimore

2023

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Website
111 Warren Road, Cockeysville, MD 21030
  • Refinance
  • Purchases

Why choose this provider?

Alliance Mortgage Funding is a mortgage broker located in Cockeysville. The company offers mortgage assistance to clients throughout Baltimore and the surrounding areas throughout Maryland. Its team of mortgage brokers holds over 60 years of collective industry experience. The team helps clients who are buying their first home or vacation home, as well as clients looking to refinance their loans, find the right mortgage lender for their needs. Michael Mandis, company president, is a Certified Residential Mortgage Specialist® and a Certified Military Housing Specialist®.

License Verified:

License: 130762

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
Yelp
5.0 / 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
4 Park Center Court, Owings Mills, MD 21117
  • Refinance

Why choose this provider?

Community Mortgage Group serves first-time homebuyers and seasoned real estate investors in Baltimore and the surrounding areas. This mortgage brokerage employs professionals with more than 15 years of experience in the industry. These include loan officers, processors, underwriters, managers, and general office staff. They offer loan options that include conventional, foreign national, refinance, VA, USDA, and FHA loans. In addition, the professionals help clients achieve their target credit score. They guide them in pre-approval and home buying processes.

License Verified:

License: 1936

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.
4.6

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.
2.8
Responsiveness
Friendliness
Helpfulness
Detail
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Website
22 W Padonia Rd, Ste C-145, Lutherville-Timonium, MD 21093
  • Refinance

Why choose this provider?

Coastal Lending Group, LLC, is a mortgage lender and broker that serves residential and commercial clients in Baltimore and its surrounding areas. It offers its clients a variety of loan and mortgage programs, including wholesale and reverse mortgage, home financing, 203K loans, and rehab loan services. Coastal Lending Group also aims to provide a simplified strategy to help its clients understand laws about loan acquisition. Jonathan Vitak, the firm's president, has over 15 years of professional experience dealing with various types of mortgages.

License Verified:

License: 297505

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 (119)
Facebook
5.0 / 5 (48)
Zillow
5.0 / 5 (28)

(+1 additional source)

Website
5355 Nottingham Drive, Baltimore, MD 21236
  • New Construction

Why choose this provider?

First Home Mortgage Corporation is a full-service mortgage firm that provides home loan services in the Baltimore area. The company offers a broad range of loan options such as fixed-rate mortgages, adjustable-rate mortgages, and jumbo loans. Established in 1990, CEO David Waters leads in guiding clients through the entire mortgage process from pre-qualification and even continuing to provide support after closing. In 2015, the Baltimore Business Journal has named First Home Mortgage Corporation as one of the top mortgage lenders in Baltimore.

License Verified:

License: 71603

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
Facebook
4.8 / 5 (82)
Google
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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
4015 Foster Avenue, Baltimore, MD 21224
  • Refinance

Why choose this provider?

Bob O’Connell is a branch manager and mortgage consultant at Main Street Home Loans who serves clients in Baltimore. Bob has closed more than $250 million in mortgage loans. He has earned a reputation as a trusted loan originator and lender in the area. As a resident of the Canton neighborhood for 20 years, he is familiar with market developments in the area. He also worked in the liquor industry for eight years before entering the mortgage banking industry.

License Verified:

License: 476424

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 (93)
Zillow
5.0 / 5 (70)
Yelp
5.0 / 5 (16)

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
2553 Housley Road, Annapolis, MD 21401
  • Refinance

Why choose this provider?

Since 1994, Bay Capital Mortgage has been providing for the lending needs of clients in the Baltimore area. It is an approved mortgage lender that covers Fannie Mae, FHA, VA, and USDA loans. It also works with The Maryland Mortgage Program and Florida Housing Finance Corporation for its services. The company website has a number of mortgage calculators to help clients in analyzing their mortgage payments and savings. Bay Capital Mortgage is licensed to operate in 10 states.

License Verified:

License: 39610

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
Zillow
5.0 / 5 (800)
Google
4.0 / 5 (358)
Facebook
5.0 / 5 (40)

(+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
8621 Robert Fulton Drive, Columbia, MD 21046
  • Refinance

Why choose this provider?

The corporate headquarters of Homeside Financial is composed of a team of over a hundred mortgage brokers. Serving the area of Baltimore, they offer 80/20 loan programs, adjustable-rate mortgages, condo loans, and construction-to-permanent financing to homebuyers. Homeside Financial also handles refinancing services to help its clients get extra cash for repairs and upgrades for their residential properties. The firm has closed over 34,000 loans and has funded more than $7 billion since it was founded.

License Verified:

License: 1124061

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 (64)

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
1332 Londontown Boulevard, Eldersburg, MD 21784
  • Refinance

Why choose this provider?

James Adamson is a mortgage broker who serves the residents of Baltimore and its surrounding areas. He is part of Fidelity Bank Mortgage, a firm that offers various mortgage options based on the client's needs. Adamson specializes in VA, USDA, FHA, construction, rehab, and HomeStyle loans. Multi-family and purchase residential mortgage programs are also available. As a senior broker and loan officer, Adamson has been providing his mortgage expertise in the community for more than 25 years.

License Verified:

License: 455833

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.
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.