Expertise.com

Best Mortgage Brokers in Silver Spring

2023

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Website
12123 Heritage Park Circle, Silver Spring, MD 20906
  • Refinance

Why choose this provider?

1Rate is a mortgage brokerage company that caters to the homebuying needs of Silver Spring residents. It offers personalized home loan solutions to individuals and families who are looking to purchase real estate. These solutions include FHA and VA loans, as well as reverse mortgages and assistance for first-time homebuyers. Additionally, it offers refinancing services to help borrowers modify their monthly payment terms. Previous clients have commended the company's experts for their knowledge of loan options.

License Verified:

License: 1948084

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)
Zillow
5.0 / 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
7550 Wisconsin Avenue 2nd Floor, Bethesda, MD 20814
  • Refinance

Why choose this provider?

Chris Ryan is a mortgage loan advisor under Sandy Springs Bank who addresses the housing concerns of its clients in Silver Spring. He assists potential home buyers from pre-approval to the closing stages of the mortgage process. Ryan also offers refinancing programs for those who want to get lower monthly payments and interest rates. He is licensed to serve in other states, such as Virginia, Delaware, Pennsylvania, and the District of Columbia. Ryan has been in the mortgage industry since 1992.

License Verified:

License: 537409

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 (22)
Zillow
4.9 / 5 (14)

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
5001 Forbes Blvd., Lanham, MD 20706
  • Refinance

Why choose this provider?

Hon Zoobee R Chukwurah is a mortgage broker that operates under NEXA Mortgage, LLC. The agent offers services to clients in and around Silver Spring. Some of the mortgage programs provided include conforming, FHA, jumbo and super jumbo loans, and fixed- and adjustable-rate mortgages. Clients have the option to undergo terms of five to 30 years for refinancing programs. VA and USDA loans are also offered. Chukwurah conducts home-buying workshops to guide clients in the mortgage process.

License Verified:

License: 1717158

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 (27)
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
9977 Old Annapolis Road, Ellicott City, MD 21042
  • Refinance

Why choose this provider?

Earl Geoghegan II is a senior loan officer for Abiz Mortgage. He offers professionalized mortgage services for individuals in Silver Spring. The agent walks clients through the home loan process so that they can confidently choose the best mortgage for them and their families. Some of the options offered include fixed-rate, ARM, interest-only, and home equity line of credit loans. Earl Geoghegan II has 20 years of experience in home loans and also serves clients in Virginia.

License Verified:

License: 453362

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 (38)
Facebook
0.0 / 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
7910 Woodmont Ave. Landow Building, Suite 1330, Bethesda, MD 20814
  • Refinance

Why choose this provider?

The Mercer Team is a First Home Mortgage division that accommodates Silver Spring clients. Its team is headed by Rob Mercer, whose decades' worth of industry experience provides him with a holistic understanding of different mortgage programs and refinancing solutions. He and his fellow consultants educate applicants on each available option through a detailed assessment of their credit scores, total income, and overall assets. They also help customers choose specific programs based on reports concerning interest rate changes, local marketing conditions, and property values.

License Verified:

License: 147453

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 (84)
Facebook
5.0 / 5 (49)
Google
5.0 / 5 (28)

(+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
7761 Diamondback Drive, College Park, MD 20742
  • Refinance

Why choose this provider?

Fortis Mortgage is a brokerage company that serves clients in Silver Spring looking to buy a home or refinance an existing property. It utilizes a streamlined personalized system that guides borrowers in securing the right mortgage program based on their needs. Its team assists clients from the buyer planning and home searching to loan processing and closing day. Fortis Mortgage was established by Shawn Williams, who has over 25 years of experience in the mortgage industry.

License Verified:

License: 1799942

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 (101)
Zillow
5.0 / 5 (10)

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
12501 Prosperity Dr #215, Silver Spring, MD 20904
  • Refinance

Why choose this provider?

Chris Jordan Mortgage Team caters to residential clients in Silver Spring. Its team of mortgage brokers takes a consultative approach when guiding clients in selecting and getting qualified for a home loan product. They offer various types of loans, including conventional, FHA, VA, USDA, jumbo, and renovation options for those looking to buy a home for the first time. Refinance products are also available to help those with existing mortgages lower payments, shorten term, and convert home's equity into cash.

License Verified:

License: 143670

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 (103)
Zillow
5.0 / 5 (83)
Facebook
5.0 / 5 (49)

(+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
3500 Boston Street Suite 226, Baltimore, MD 21224
  • Refinance
  • New Construction

Why choose this provider?

The Mortgage Girl Boss serves individuals across Silver Spring and the nearby communities. It guides clients applying for mortgage loan programs, such as FHA, USDA, and VA, to help them purchase homes that fit the needs of their families and finances. In addition to home purchasing loans, its team assists in refinancing clients' mortgage loans to help lower their interests or monthly payments. The company is also available to serve home buyers and owners in Virginia and the District of Columbia.

License Verified:

License: 1403192

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 (51)

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
7315 Wisconsin Avenue, Bethesda, MD 20815
  • Refinance

Why choose this provider?

McKay Mortgage Co. is a family-owned and family-operated company serving clients in Silver Spring. It connects mortgage borrowers with lenders that match their financial situations and interest rate capacities. The owners, Brendan and Tina McKay, have over four decades of combined mortgage industry experience. Brendan made it to the Scotsman Guide's top originator rankings in 2019 for processing 145 loans for a total volume of $61,768,338. He and Tina have funded over $100 million in home loans for 300 families since 2013.

License Verified:

License: 1590323

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 (58)
Facebook
5.0 / 5 (37)
Zillow
5.0 / 5 (8)

(+1 additional source)

Website
13821 Mills Avenue, Silver Spring, MD 20904
  • New Construction

Why choose this provider?

Kerins Associates Inc. helps Silver Spring individuals and families meet their mortgage personal and financial goals. Its team of strategists caters to the loan processing needs of clients who are buying their first homes and those moving up. The team implements mortgage programs such as VA, FHA, conventional fixed-rate, and low-insurance-rate options. Kathleen Kerins, its president, has been in the business for over 29 years. She is also a national-level soccer coach who won the 2017 State of Maryland Female Competitive Coach of the Year.

License Verified:

License: 211227

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 (85)
Zillow
5.0 / 5 (38)
Facebook
5.0 / 5 (8)

(+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
9977 Old Annapolis Road, Ellicott City, MD 21042
  • Refinance

Why choose this provider?

Abiz Mortgage provides clients in Silver Spring and the surrounding areas with the home loan they need. Its team serves individuals and families planning to buy a house or those who are refinancing to lower their monthly payments or replace their existing loans. Its mortgage options are fixed-rate, adjustable ARM, interest-only, and graduated payments. Jumbo, USDA, FHA, and VA loan programs are also available. The company's team has over 30 years of combined experience in mortgage and banking.

License Verified:

License: 1444377

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 (57)
Zillow
5.0 / 5 (11)

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.