Best Mortgage Brokers in Rochester

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Jason Griggs logo
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License Verified:

License: 355256

Nationwide Multistate Licensing System and Registry

Jason Griggs

2689 Commerce Dr. NW, Rochester, MN 55901
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  • Reverse Mortgages

Business Description

Jason Griggs is a senior mortgage loan officer for Bell Bank Mortgage. He helps clients in and around Rochester get their first homes or purchase their next houses through financing programs, such as MFHA, USDA Rural Development, VA, and FHA mortgages. There is a renovation loan option available for homeowners who want to improve their dwellings, as well as a refinancing program for borrowers who wish to fund their active loans for various purposes. Griggs has been in the industry for over two decades.

License Verified:

License: 355256

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 (11)
Premier Mortgage of Rochester logo
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License Verified:

License: 377245

Nationwide Multistate Licensing System and Registry

Premier Mortgage of Rochester

2460 North Broadway Ave, Rochester, MN 55906
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  • Reverse Mortgages

Business Description

Premier Mortgage of Rochester is a locally owned and operated firm that has been serving individuals and families in the metro for more than 20 years. It works with various lenders to help clients secure loan programs that suit their specific situations and needs. Available are adjustable-rate mortgages, fixed-rate mortgages, FHA, VA, USDA, or conventional loans. Its team members guide clients throughout the loan process, from mortgage processing and underwriting to loan closing and funding.

License Verified:

License: 377245

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 (18)

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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PrimeSource Funding logo
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License Verified:

License: 2174

Nationwide Multistate Licensing System and Registry

PrimeSource Funding

2876 Superior Dr NW Suite 102, Rochester, MN 55901
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  • Reverse Mortgages

Business Description

PrimeSource Funding serves clients throughout Rochester. The company has experience guiding aspiring homeowners across the process of obtaining a mortgage loan, from drafting a pre-approval letter to evaluating credit scores. It maintains a website that contains resources—like mortgage calculators—to help clients with their decision-making. The company provides a range of loan options, from VA to USDA. PrimeSource Funding has been featured in the Post-Bulletin newspaper as part of its Best of the Best list in 2021.

License Verified:

License: 2174

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 (796)
Facebook
4.8 / 5 (192)
Yelp
3.5 / 5 (3)

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 Kris Heichel Team logo
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License Verified:

License: 2289

Nationwide Multistate Licensing System and Registry

The Kris Heichel Team

1403 15th Ave NW, Suite A, Austin, MN 55912
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  • Refinance
  • New Construction

Business Description

The Kris Heichel Team is a mortgage broker that serves clients located in the Rochester metro and surrounding areas. Its list of products includes rural and home renovation loan options. It also facilitates 30- and 15-year fixed rate mortgages, as well as adjustable rate mortgages. Its senior mortgage advisors have been in the industry for more than 70 years combined. NMLS-registered, Branch Manager Kris Heichel is also a Certified Mortgage Advisor and Certified Management Accountant.

License Verified:

License: 2289

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 (82)

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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