Best Mortgage Brokers in Bloomington

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Dream Team logo
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License Verified:

License: 1516626

Nationwide Multistate Licensing System and Registry

Dream Team

5151 Industrial Blvd., Ste 500, Edina, MN 55439
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  • New Construction
  • Refinance

Business Description

Dream Team of Supreme Lending serves locals in the Bloomington metro. It provides first-time homebuyers with conventional loans that are Fannie Mae- and Freddie Mac-guaranteed. Dedicated to helping its clients secure their property-financing needs, the full-service mortgage lender also offers construction and renovation loan options. Other services provided include FHA, VA, and USDA loans, as well as mortgage refinance for debt consolidation purposes. Dream Team's loan officer, Benson Ringle, holds a Bachelor’s degree in Finance.

License Verified:

License: 1516626

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 (39)
Facebook
4.3 / 5 (8)
Dream Team logo
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License Verified:

License: 2034009

Nationwide Multistate Licensing System and Registry

Dream Team

7301 Ohms Lane, Suite 190, Edina, MN 55439
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  • Refinance

Business Description

Dream Team is a mortgage brokerage that serves customers in Bloomington and nearby areas. It offers a variety of loan programs for purchases, refinances, renovations, and rehab for primary, secondary, and investment properties. It provides traditional loans, including conventional, jumbo, HomeReady, HomePossible, and Lock and Look, and government loans, such as FHA, VA, and USDA rural housing. Dream Team is affiliated with Supreme Lending, utilizing in-house processing and underwriting for on-time closings and real-time reporting.

License Verified:

License: 2034009

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 (32)

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
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Detail
Edina Realty Mortgage logo
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License Verified:

License: 490683

Nationwide Multistate Licensing System and Registry

Edina Realty Mortgage

6800 France Ave S Ste 655, Edina, MN 55435
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  • Refinance
  • New Construction

Business Description

Edina Realty Mortgage handles applications from potential homebuyers and refinancers from areas within Bloomington. Its staff uses its first-hand knowledge of lending processes and program details, which it draws from decades of collective experience, to guide applicants in securing their preferred plans and terms. It has both standard and government-issued options like FHA streamline loans and USDA mortgages, as well as choices for real estate investments. It adjusts its recommendations and financial counsel based on changing factors like local marketing trends and interest rates.

License Verified:

License: 490683

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
Google
4.9 / 5 (36)
Facebook
5.0 / 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.
4.0
Responsiveness
Friendliness
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Detail
––
First Equity logo
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License Verified:

License: 299829

Nationwide Multistate Licensing System and Registry

First Equity

2626 E 82nd Street, Suite 260, Bloomington, MN 55425
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  • Refinance
  • New Construction

Business Description

First Equity is a locally owned and operated mortgage company with locations in Bloomington and Roseville. It provides a variety of residential home loans, including FHA, VA, conventional, and USDA or Rural Development loans. It also offers refinancing and home renovation programs. Its team assists with every step of the loan process, from the pre-purchase home inspection to closing. First Equity has been in business for more than a decade. The company partners with myTalk 107.1 to support various community organizations.

License Verified:

License: 299829

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
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Detail
First Option Mortgage Apple Valley logo
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License Verified:

License: 1467656

Nationwide Multistate Licensing System and Registry

First Option Mortgage Apple Valley

7781 157th St W, Apple Valley, MN 55124
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  • New Construction

Business Description

First Option Mortgage Apple Valley helps individuals, couples, and families get their dream homes through various home loan options. These include conventional, FHA, USDA, and VA. It aims to provide the right mortgage for its clients by matching the loans to their goals and needs. The company also offers refinancing solutions for those who want to reduce their interest rates or get more equity in their home loans. It has been in the industry since 2004 and serves Bloomington homebuyers.

License Verified:

License: 1467656

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Home Loan Partners logo
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License Verified:

License: 209015

Nationwide Multistate Licensing System and Registry

Home Loan Partners

247 E Main St, Waterville, MN 56096
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  • Refinance

Business Description

CG Home Loan Partners is a local mortgage agency that caters to individuals and families in Bloomington. It offers various mortgage loan options and its team aims to guide its clients throughout the loan process. Its programs include FHA, VA, USDA, and adjustable-rate and fixed-rate mortgages. Reverse mortgages, refinancing, and physician loans are available. It also provides construction and renovation financing. The agency is part of the Fairway Independent Mortgage Corporation, an employee-owned company that has been in the industry for over 25 years.

License Verified:

License: 209015

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 (1)
Johannsen Group logo
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License Verified:

License: 2057640

Nationwide Multistate Licensing System and Registry

Johannsen Group

7655 Washington Ave S, Edina, MN 55439
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  • Refinance

Business Description

Johannsen Group, a mortgage firm under My City Mortgage, serves clients in and around Bloomington. Its mortgage loan officer, Thomas Johannsen, spends time learning and understanding borrowers' requirements and homeownership goals. He works with clients who want to purchase new homes or investment properties and those who want to refinance an active loan. Among the mortgage products he offers are VA, USDA, FHA, and home equity line of credit loans. In addition, Johannsen performs mortgage and debt reviews and investment property analyses.

License Verified:

License: 2057640

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 (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
Mark Holland logo
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License Verified:

License: 270355

Nationwide Multistate Licensing System and Registry

Mark Holland

3800 American Blvd West Suite 1250, Bloomington, MN 55431
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  • Commercial Loans

Business Description

Mark Holland is a senior mortgage banker serving clients in the Bloomington area. The loan expert helps clients find home purchase programs or advise on a mortgage refinance. He guides individuals about the selection of mortgage options they can take advantage of, such as first-time homebuyer, new construction, rehab, VA, vacation home, and refinance programs. The lending professional also offers downsizing and move-up buyer options. Mark Holland has been with Bell Bank Mortgage for over 20 years.

License Verified:

License: 270355

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
Google
4.5 / 5 (8)
Matthew S. Coutu logo
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License Verified:

License: 279246

Nationwide Multistate Licensing System and Registry

Matthew S. Coutu

4530 W 77th St #365, Edina, MN 55435
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  • Refinance

Business Description

Matthew S. Coutu is a mortgage broker for Edge Home Finance Corporation, serving the greater Bloomington area. He provides brokerage services aiming to help individuals find the mortgage program that suits their needs. Couto guides clients about the selection of products available to them, such as adjustable-rate, fixed-rate, hybrid ARMs, FHA, VA, and USDA loans. In addition, the program includes reverse, balloon, interest-only, and graduated payment mortgages. Matthew S. Coutu has been in the brokerage industry for over 20 years.

License Verified:

License: 279246

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
PRMG Edina logo
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License Verified:

License: 357297

Nationwide Multistate Licensing System and Registry

PRMG Edina

6750 France Avenue South, Suite 126, Edina, MN 55435
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Business Description

PRMG Edina serves clients throughout the Bloomington metro. The company discusses various mortgage options with aspiring homeowners, including programs guaranteed by the VA and the FHA. It has experience providing the FHA 203(b) program, a solution that aims to prevent borrowers from defaulting. It also sets up a reverse mortgage that helps existing homeowners convert a portion of their property's value into cash. The company has been operating in the sector for more than two decades.

License Verified:

License: 357297

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 (119)

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
Rainbow Mortgage Inc. logo
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License Verified:

License: 345827

Nationwide Multistate Licensing System and Registry

Rainbow Mortgage Inc.

3300 Edinborough Way Suite 550, Edina, MN 55435
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  • Commercial Loans

Business Description

Rainbow Mortgage Inc. is a woman-owned company that has been serving the Bloomington area since 1999. It shops from various lenders to find mortgage options tailored to clients' specifications, such as specific government lending programs like FHA or VA loans or specialty loans for self-employed individuals. It also specializes in helping clients in challenging loan situations, particularly individuals going through a divorce. The company advises them on the processes involved in securing mortgage programs while working through a divorce and recommends favorable options according to their financial goals and circumstances.

License Verified:

License: 345827

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 (165)

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
The Furlong Team logo
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License Verified:

License: 275939

Nationwide Multistate Licensing System and Registry

The Furlong Team

8201 Norman Center Drive, Ste. 450, Bloomington, MN 55437
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  • Refinance
  • New Construction

Business Description

The Furlong Team of Mortgages Unlimited Inc. serves clients throughout Bloomington. The company educates aspiring homeowners on their multiple mortgage program options, including loans insured or guaranteed by the VA, FHA, and USDA. It also provides specialized financing solutions for clients looking to acquire investment properties. The company addresses other concerns related to the refinancing process and assembles the necessary paperwork. Steve Furlong, one of its mortgage specialists, is the recipient of the Loan Officer of the Year award in 2012 from the Minnesota Mortgage Association.

License Verified:

License: 275939

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
Google
4.6 / 5 (92)

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

Do mortgage brokers need to be licensed?

Yes, all mortgage brokers need to be licensed. Individuals need to complete a 20-hour class that goes over state and federal laws for mortgages and other important information. Next, individuals take the official test with the National Mortgage Licensure System.

Is it difficult to pass the mortgage brokers’ test?

Upon completion of educational requirements, you must pass the mortgage broker test to receive your license. It's a two-part test called the Safe Mortgage Loan Originator Exam, and it can be a bit challenging. Out of almost 87,600 national test-takers, 57% passed on their first attempt. The test includes both a state and national portion and requires a minimum score of 75% to pass.

What is a surety bond for mortgage brokers?

A surety bond is a legal contract that binds three parties — the obligee, the principal, and the surety. Surety bonds are typically required to receive a license for operating as a mortgage broker. When a mortgage broker gets a surety bond, it's a legal guarantee they'll perform their obligations to their customers as required by law.

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