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Best Mortgage Brokers in Columbia

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Mid America Mortgage Services, Inc. logo

Mid America Mortgage Services, Inc.

200 E Walnut St., Columbia, MO 65203
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  • New Construction

Mid America Mortgage Services, Inc., serves clients in and around Columbia. It helps individuals find home loan options that suit their specific needs, including adjustable-rate mortgages, FHA, VA, or USDA loans. It also caters to homeowners looking to refinance their current mortgages to reduce their interest rates, shorten their loan terms, or cash out their equity. The company's president, Ralph D. Gates, served in the US Army Reserve and is a member of the Boone County Farm Bureau.

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Tim Rich logo

Tim Rich

Columbia, MO
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  • Refinance

Tim Rich is a NEXA Mortgage consultant who offers a portfolio of various loan programs for clients in Columbia. He caters to both first-time and experienced homebuyers, as well as potential refinancers and real estate investors. His selection of financial plans is tailored according to assessments of local marketing conditions and derived from comparisons of choices from more than 110 nationwide lenders. Rich is also a member of organizations like the Brokers Are Better and the Association of Independent Mortgage Experts.

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Total Lending Concepts Columbia logo

Total Lending Concepts Columbia

219 E Broadway, Columbia, MO 65203
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  • Refinance
  • New Construction

Total Lending Concepts Columbia caters to individuals and families seeking mortgage solutions. Its team provides a wide selection of loan programs to help first-time homebuyers and investors obtain their dream real estate properties, like luxury homes and rental spaces. The company processes USDA, VA, FHA, conventional, reverse mortgage, and jumbo loans. Clients with more than 620 credit scores can acquire refinancing loan options. Total Lending Concepts extends its services to Overland Park, Dallas, and Sulphur Springs.

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USA Mortgage - Columbia logo

USA Mortgage - Columbia

700 Cherry St, Ste B, Columbia, MO 65201
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  • Refinance
  • New Construction

USA Mortgage is a Columbia-based company. It assists first-time buyers and refinancers determine whether a fixed-rate or adjustable rate, jumbo, or VA mortgage type suits their circumstances. Chenoa fund grants and MHDC loans for FHA and conventional mortgages are also available. Additionally, the agency offers a Community Heroes program designed for nurses, firefighters, teachers, and social workers. As a full-service lender, USA Mortgage stays with its customers from consultation to closing and completes its loan processing and underwriting in-house.

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Veterans United logo

Veterans United

1400 Veterans United Dr., Columbia, MO 65203
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  • Refinance

Veterans United is a mortgage firm that serves clients in and around Columbia. It helps qualified veterans, service members, and surviving partners achieve their goals, whether they want to purchase, refinance, or retrofit houses. Its mortgage professionals assist clients in determining their home loan eligibility and advise them about the process. As part of its advocacy, the team collaborates with former senior enlisted military leaders to educate veterans about the importance of VA loans and homeownership. Veterans United has closed more than 500,000 VA loans.

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VeteransLoans.com logo

VeteransLoans.com

3401 W. Broadway Business Park Ct. Suite 213, Columbia, MO 65203
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  • Refinance

VeteransLoans.com established its independent office in 2014. The team comprises members with more than a decade of experience in the lending and mortgage industry. The company aims to assist veterans in Columbia in finding financial solutions that fit their needs. It offers VA cash-out refinance loans, which can help pay off debt, make home improvements, or cover emergency expenses. The loan type does not require PMI, unlike traditional home loans. IRRRL or VA streamline loans are also available.

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Frequently Asked Questions

Q: Do mortgage brokers need to be licensed?

A: 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.

Q: Is it difficult to pass the mortgage brokers’ test?

A: 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.

Q: What is a surety bond for mortgage brokers?

A: 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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