Best Mortgage Brokers in Ofallon

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1st American Mortgage logo
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License Verified:

License: 408591

Nationwide Multistate Licensing System and Registry

1st American Mortgage

1000 Lake Saint Louis Blvd Suite 208, Lake Saint Louis, MO 63367
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  • Refinance

Business Description

1st American Mortgage provides different home loan mortgage solutions for clients in O’Fallon. Founded in 1999, the company has helped many clients achieve their homeownership goals through home purchase financing. The company’s loan options include VA, FHA, and Jumbo home loans, as well as 15-, 20-, and 30-year fixed-rate mortgages. It also offers refinancing plans to those who want to lower their interest rates and monthly payments. The rates offered by the company are through its partnerships with numerous wholesale lenders.

License Verified:

License: 408591

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
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5.0 / 5 (4)
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5.0 / 5 (3)

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We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
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Integrity Mortgage of Missouri Corp. logo
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License Verified:

License: 1228440

Nationwide Multistate Licensing System and Registry

Integrity Mortgage of Missouri Corp.

3893 Mid Rivers Mall Dr, Cottleville, MO 63376
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  • Refinance
  • New Construction

Business Description

Integrity Mortgage of Missouri Corp. is a family-owned and family-operated company serving the O'Fallon metro. It offers conventional home loans, which are provided by either private lenders, Freddie Mac, or Fannie Mae. Government-secured programs like FHA and USDA loans are also available. The brokerage, which has been in service since 1993 and has closed loans worth more than $2 billion in total, supports teachers, nurses, firefighters, doctors, and veterans through its Local Hero Home Loan Program.

License Verified:

License: 1228440

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
4.8 / 5 (38)
Victory Mortgage logo
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License Verified:

License: 2140969

Nationwide Multistate Licensing System and Registry

Victory Mortgage

801 Upland Loop, O'Fallon, MO 63368
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  • New Construction

Business Description

Victory Mortgage offers a range of financial solutions to borrowers in the Ofallon metro. It offers FHA, USDA, VA, jumbo, and fixed and adjustable-rate loans. It also has programs for those seeking new homes but haven't sold their existing houses yet, and for those seeking income-producing rental properties. The company provides clients with a comprehensive home toolkit that guides them through the application process. Victory Mortgage also serves Erlanger, Columbus, Indianapolis, Atlanta, Louisville, and Dayton.

License Verified:

License: 2140969

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.
4.0
Facebook
4.0 / 5 (5)
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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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