Expertise.com

Best Mortgage Brokers in Kalamazoo

2024

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Providers

Last updated:

Website
3541 S 1st St., Kalamazoo, MI 49009
  • Refinance

Why choose this provider?

First Street Mortgage caters to clients in the area of Kalamazoo. It is a mortgage brokerage firm that offers a variety of home loan programs, including jumbo, VA, FHA, and USDA loans. It also provides adjustable- and fixed-rate mortgage options. It aims to streamline the mortgage process by giving borrowers the option to calculate their loan payments using the tools on its website. Kristin Morgan, a loan originator from First Street Mortgage, has over 15 years of lending experience.

License Verified:

License: 261783

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
1302 W Milham Ave., Portage, MI 49024
  • Refinance

Why choose this provider?

EST Home Mortgage offers various loan options for individuals who are planning to purchase a house in Kalamazoo. The company also helps obtain refinancing options for individuals whose mortgage payments are too high and those who need to consolidate debt. EST stands for the words excellence, service, and trust—qualities that the company strives to achieve in every client interaction. Kris McWilliams, the company owner, has been handling home mortgages since 2003. His previous roles include being a loan underwriter and closing manager.

License Verified:

License: 1589896

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
Facebook
5.0 / 5 (19)
Google
4.8 / 5 (17)
Zillow
5.0 / 5 (6)

Website
5985 W Main St #104, Kalamazoo, MI 49009
  • Refinance

Why choose this provider?

Lake Pacor Home Mortgage caters to individuals and families in Kalamazoo. The company offers a variety of mortgage products that are tailored according to clients' needs, including conventional, VA, USDA, FHA, and jumbo loans. Its team of mortgage officers handles the in-house underwriting of documents, enabling the timely closing of applications. Managing director Jennifer Vernon brings over 15 years of experience in the lending industry. Her expertise involves helping customers in home buying and refinancing transactions.

License Verified:

License: 132874

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 (17)
Google
5.0 / 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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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Website
950 Trade Centre Way, Suite 120, Kalamazoo, MI 49002
  • Refinance

Why choose this provider?

Jeremy Drobeck is a mortgage consultant serving Kalamazoo and nearby locations. The advisor, who is affiliated with Amerifirst Home Mortgage, helps homeowners and homebuyers secure financing options for different goals. He offers programs for clients who need to fund home renovations. Refinance mortgage options, which cater to homeowners looking to shorten loan terms, reduce monthly payments, or consolidate debts, are also available. Additionally, Drobeck helps clients secure government-backed loans such as FHA, VA, and USDA.

License Verified:

License: 130817

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
4.8 / 5 (19)
Facebook
5.0 / 5 (15)
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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
5601 Wilson Ave SE, Wyoming, MI 49418
  • Commercial Loans

Why choose this provider?

Heartland Home Mortgage has been offering financial solutions to homebuyers in the Kalamazoo area since 2008. It handles a variety of home loan options such as jumbo, FHA, USDA, VA, and 203K. The business also provides fixed and adjustable mortgages available in 5- to 30-year terms that help meet its clients' financial goals. Heartland Home Mortgage's founders, David Galloway and Michael Izenbaard have more than 30 years of combined experience in the home financing industry.

License Verified:

License: 121569

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 (206)
Google
5.0 / 5 (35)

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.