Expertise.com

2024

Last updated:

Best Mortgage Brokers in Springfield

Our Recommended Top 8

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 Springfield Mortgage Brokers on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

45Reviewed

30Curated

8Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

300 East Sunshine Street, Springfield, MO 65807
WebsiteLicense: 1938889

Expertise.com Rating

Review Sources

Facebook
4.0 (5)
Google
5.0 (2)

Why choose this provider?

Signature Lending LLC is a mortgage broker that serves clients from Springfield. The company guides individuals in finding the right loan options for their personal needs. It offers a wide range of loan options, such as conventional, jumbo, investor, FHA, USDA, and VA. Its team of brokers is knowledgeable in handling the needs of clients who want to buy or refinance homes. The firm has a mortgage calculator that clients can readily access on the website.

  • Refinance

732 North 22nd Street, Ozark, MO 65721
WebsiteLicense: 1209936

Expertise.com Rating

Review Sources

Google
4.0 (13)
Facebook
5.0 (4)

Why choose this provider?

Mortgage Centers is a company serving homeowners in Springfield and the surrounding areas. It strives to provide clients with a mortgage that fits their needs through the variety of products that they offer. These include fixed-rate and adjustable-rate mortgages, FHA, VA, and USDA/rural development loans. Jumbo and condominium loans, as well as financing for manufactured homes, are also available. Mortgage Centers can also find a loan for homeowners with credit scores as low as 500.

  • Refinance

3757 South Greystone Court, Springfield, MO 65804
WebsiteLicense: 507228

Expertise.com Rating

Review Sources

Google
5.0 (27)

Why choose this provider?

Chris Krans​ assists homebuyers in finding residential loans that meet their needs and budget. He is well-versed in the underwriting guidelines of different loan programs, such as conventional, FHA, USDA, and VA loans. With nearly two decades of his career devoted to mortgage, finance, and banking, Krans leads the Springfield office of On Q Financial to serve local clients. The firm offers a wide selection of home loan options, specializing in jumbo loans for luxury properties.

  • New Construction
  • Refinance

3150 South National Avenue, Springfield, MO 65807
WebsiteLicense: 564434

Expertise.com Rating

Review Sources

Google
4.0 (134)
Facebook
5.0 (26)

Why choose this provider?

Based in Springfield, PrimeLending is a mortgage lender that has been in the business since 1986. The company offers a wide array of home financing options, such as fixed-rate and adjustable-rate mortgages; FHA, USDA, and VA loans; refinancing options; conventional financing; and float down options. First-time homebuyers can get pre-qualified to learn more about the details of the loans that the PrimeLending team provides. From initial consultations to final closing, the company assists borrowers throughout the complex mortgage financing process.

  • New Construction
  • Refinance

3608 South Campbell Avenue, Springfield, MO 65807
WebsiteLicense: 153098

Expertise.com Rating

Review Sources

Google
4.0 (30)
Yelp
1.5 (3)

Why choose this provider?

Home Mortgage Group Inc. is a Springfield-based brokerage firm offering mortgage solutions. It caters to first-time homebuyers with various loan programs, including HARP 2.0, hybrid ARMs, FHA/VA, and graduated payment mortgages. Reverse mortgage programs are also available for senior citizens looking to liquidate some of their home's equity for supplemental income, renovations, or medical expenses. Additionally, the company offers refinancing options for clients looking for better rates on their mortgages.

  • New Construction
  • Refinance

3100 South National Avenue, Springfield, MO 65807
WebsiteLicense: 227262

Expertise.com Rating

Review Sources

Google
4.0 (218)

Why choose this provider?

US Mortgage is a full-service mortgage company with a branch operating in Springfield. The company provides a variety of mortgage options, including conventional, FHA, USDA, and VA loans. It lets clients opt for a lock-and-shop program for up to 120 days. Some of its loan programs include jumbo, bank statement, renovation, and construction loans. US Mortgage also provides professional assistance for seniors seeking reverse mortgages and presents clients with various interest rate options.

  • Refinance

200 East Walnut Street, Springfield, MO 65203
WebsiteLicense: 1142067

Expertise.com Rating

Review Sources

Facebook
5.0 (17)
Google
3.0 (2)

Why choose this provider?

Mid America Mortgage Services, Inc., provides financing options for borrowers in Springfield and the rest of the state. Its team of loan advisors assists both homebuyers who need to purchase loans and homeowners who want to refinance their mortgages. They provide multiple options, including renovation, conventional fixed, and FHA loans. Mid America Mortgage Services was founded by Ralph Gates in 1984. As an active community member, he is involved with various organizations like the Boone County Farm Bureau and American Legion.

  • New Construction
  • Refinance

2412 East Madrid Street, Springfield, MO 65804
WebsiteLicense: 261793

Expertise.com Rating

Review Sources

Google
5.0 (14)

Why choose this provider?

Bradley Farris is a mortgage broker located in the Springfield metro. He leads Farris Mortgage, a locally owned company that customizes loan programs for clients' unique situations. Bradley guides clients in applying for conventional loans, USDA loans, FHA loans, and VA loans. He also helps clients with refinancing their properties. A previous client praised Farris for not only helping them purchase their first home but also educating them about the loan process.

  • Reverse Mortgages

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.