Expertise.com

2024

Last updated:

Best Mortgage Brokers in Southfield, MI

Our Recommended Top 12

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Southfield Mortgage Brokers on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

29Reviewed

22Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

31100 Northwestern Hwy, Farmington Hills, MI 48334
WebsiteLicense: 130290

Expertise.com Rating

Review Sources

Google
4.9 (212)
Facebook
5.0 (53)

Why choose this provider?

Kaye Financial Corporation is a Farmington Hills-based company that caters to clients across Southfield. It helps them access home financing through mortgages backed by various government agencies, including the VA, FHA, and USDA. The company prepares documents like pre-approval letters to help aspiring homeowners acquire properties. It also guides existing homeowners with the refinancing process and discusses their options to meet a range of financial goals, from modified mortgage terms to lowered interest rates. Kevin Goldman, its president, has a background in accounting.

  • Refinance

30500 Northwestern Hwy. Ste 100, Farmington Hills, MI 48334
WebsiteLicense: 1708458

Expertise.com Rating

Review Sources

Google
4.8 (267)

Why choose this provider?

Elite Home Funding serves clients in Southfield and the surrounding areas. It helps purchasers of single-family and multifamily units, condominiums, manufactured homes, and townhouses find loan programs that suit their specific needs and circumstances. Its team members guide customers throughout the mortgage process, from pre-approval to closing. The company's loan options include FHA, VA, USDA, and jumbo. Additionally, Elite Home Funding assists people seeking to refinance their current mortgages or use their home equity to secure financial aid.

  • Refinance

504 E 4th St, Royal Oak, MI 48067
WebsiteLicense: 2007168

Expertise.com Rating

Review Sources

Google
5.0 (106)
Facebook
5.0 (43)
Zillow
5.0 (31)

Why choose this provider?

Mortgage City is a locally owned company that offers financial solutions to Southfield residents. It helps individuals and families apply for conventional, FHA, jumbo, VA, USDA, and non-QM bank statement loans. The team also assists homeowners who want to refinance by recommending the best options for lowering monthly payments, interest rates, and loan terms. The company has an online learning center where potential borrowers can learn about the loan process. Co-owner Alex Foster entered the industry after 18 years as a professional hockey player.

  • Refinance

25800 Northwestern Highway Suite 850, Southfield, MI 48075
WebsiteLicense: 1809591

Expertise.com Rating

Review Sources

Google
4.9 (110)
Facebook
5.0 (11)

Why choose this provider?

Assure Loans strives to help individuals and businesses achieve their real estate goals through mortgage refinancing in Southfield. The mortgage broker offers FHA, USDA, VA, and conventional loan options. It finances residential properties including single- and multi-family residences, townhomes, and condominiums. Its team members communicate with clients and evaluate scenarios to determine programs that suit their needs. The firm's service areas include Colorado, California, Florida, Kentucky, Michigan, and Texas. Assure Loans has over 12 years of experience in the industry.

  • Refinance

1336 S. Main St., Royal Oak, MI 48067
WebsiteLicense: 135922

Expertise.com Rating

Review Sources

Google
5.0 (72)

Why choose this provider?

Fortress Home Mortgage Inc. is a brokerage serving clients across Michigan, including Southfield. It connects borrowers with potential lenders that match their individual needs and financial resources. Its loan officers offer home financing options ranging from VA and FHA to USDA loans. The brokerage allows clients to take control of their loans by comparing rates offered by lenders in real-time. It also helps veterans take advantage of their DD214 eligibility. The owner, John Sarkisian, has over 20 years of originating mortgage experience.

  • Refinance

29777 Telegraph Rd, Ste 3090, Southfield, MI 48034
WebsiteLicense: 1699966

Expertise.com Rating

Review Sources

Google
4.7 (451)
Zillow
5.0 (10)
Yelp
2.5 (3)

Why choose this provider?

Central Mortgage Funding LLC helps families and individuals in Southfield and nearby areas realize their dream of homeownership. It provides a range of programs, such as VA and FHA loans, interest-only mortgages, and hybrid ARMs. It also helps customers obtain conventional and jumbo loans, aiming to establish long-term relationships by closely working with them throughout the entire mortgage process. The company educates people about the basics of mortgages through the various resources on its website.

  • Reverse Mortgages
  • Refinance

100 Galleria Officentre, Southfield, MI 48034
WebsiteLicense: 1916307

Expertise.com Rating

Review Sources

Google
5.0 (114)

Why choose this provider?

Mortgage Express provides lending solutions to prospective homebuyers in Southfield. For over two years, it has secured more than $150 million in loan transactions. It recommends funding options for first-time home purchases, property investments, construction and remodeling projects, and mortgage refinancing. The mortgage broker has a mobile app and tracking system that simply pre-approval screenings, document submissions, and application status updates. Its loan officers answer clients’ concerns and vet out multiple lenders offering conventional, jumbo, USDA, VA, and FHA loans to find a match.

  • Refinance

25925 Telegraph Rd Suite 410, Southfield, MI 48033
WebsiteLicense: 2275128

Expertise.com Rating

Review Sources

Google
5.0 (147)

Why choose this provider?

Nations Mortgage supports clients in Southfield and neighboring communities. It helps buyers of condominiums, single-family and multifamily units, manufactured homes, and townhouses obtain the loan program that fits their specific needs and financial situations. Whether customers need to buy a property as an investment, primary residence, or secondary home, the company's brokers provide them with various loan options such as FHA, VA, USDA, and jumbo loans. They also assist homeowners looking to refinance their current mortgages.

  • Refinance
  • New Construction

30700 Telegraph Rd., Bingham Farms, MI 48025
WebsiteLicense: 1798321

Expertise.com Rating

Review Sources

Google
4.8 (353)
Facebook
2.6 (14)

Why choose this provider?

Rapid Mortgage Funding is a full-service firm that provides lending and refinancing options to people within the Southfield area. Its agents offer comprehensive counsel involving its offered plans, which include 203(k) loans and jumbo mortgages. They also monitor local property values and real estate listings for those seeking to sell or acquire properties. Their selection of tailored mortgage choices provides opportunities for applicants to fund property improvement endeavors, pay off outstanding debts, and reduce their current interest rates and monthly payments.

  • Refinance

29444 Northwestern Hwy., Southfield, MI 48034
WebsiteLicense: 2025962

Expertise.com Rating

Review Sources

Google
4.9 (302)
Zillow
5.0 (8)
Facebook
4.3 (7)

Why choose this provider?

Extreme Loans handles the mortgage needs of clients in Southfield and the surrounding areas. The company helps individuals apply for USDA loans to purchase homes in rural areas with low or zero down payments. It also offers other loan options, such as jumbo, fixed- and adjustable-rate, and interest-only. VA loans are also available for military veterans and their spouses wanting to purchase, improve, or build homes. One of its branch managers, Zach Jabro, brings more than two decades of mortgage experience.

  • Reverse Mortgages
  • Refinance

33834 Woodward Ave., Birmingham, MI 48009
WebsiteLicense: 1792262

Expertise.com Rating

Review Sources

Google
5.0 (107)
Facebook
5.0 (7)

Why choose this provider?

Rockwood Mortgage offers personalized solutions to Southfield residents. It guides customers in comparing available loan programs such as 15-year or 30-year fixed-rate, adjustable-rate, jumbo, super jumbo, and reverse mortgages to purchase a home or real estate property. The company assists near-underwater and underwater homeowners applying for HARP loans to ease their financial circumstances. Conforming, VA, FHA, and USDA loans are also among the options it provides. Rockwood Mortgage contributes to community organizations like the Anchor Bay Band Boosters.

  • Refinance

30600 Telegraph Rd, Bingham Farms, MI 48025
WebsiteLicense: 1925374

Expertise.com Rating

Review Sources

Google
4.8 (104)

Why choose this provider?

Turbo Mortgage assists individuals and families in Southfield and the rest of Michigan, guiding them through the loan search, application, and qualification processes. Its loan consultants provide clients with various loan products, including VA, FHA, USDA, and jumbo loans. Clients may also select from mortgage rate options such as interest-only mortgages, graduated payments, and fixed- and adjustable-rate loans. Refinancing options are available for clients looking to cash out equity, consolidate existing debts, or lower monthly payments.

  • Refinance

Compare our Top Mortgage Brokers

NameExpertise RatingAddressPromotionsLearn more
Kaye Financial Corporation
31100 Northwestern Hwy, Farmington Hills, MI 48334
Elite Home Funding
30500 Northwestern Hwy. Ste 100, Farmington Hills, MI 48334
Mortgage City
504 E 4th St, Royal Oak, MI 48067
Assure Loans
25800 Northwestern Highway Suite 850, Southfield, MI 48075
Fortress Home Mortgage Inc.
1336 S. Main St., Royal Oak, MI 48067
Central Mortgage Funding LLC
29777 Telegraph Rd, Ste 3090, Southfield, MI 48034
Mortgage Express
100 Galleria Officentre, Southfield, MI 48034
Nations Mortgage
25925 Telegraph Rd Suite 410, Southfield, MI 48033
Rapid Mortgage Funding
30700 Telegraph Rd., Bingham Farms, MI 48025
Extreme Loans
29444 Northwestern Hwy., Southfield, MI 48034
Rockwood Mortgage
33834 Woodward Ave., Birmingham, MI 48009
Turbo Mortgage
30600 Telegraph Rd, Bingham Farms, MI 48025

FAQs

  • 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.