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Best Mortgage Brokers in Southaven

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Andrew O'Fee logo
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License Verified:

License: 161130

Nationwide Multistate Licensing System and Registry

Andrew O'Fee

684 West Brookhaven Circle, Memphis, TN 38117
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  • Refinance

Business Description

Andrew O'Fee is a loan officer who helps borrowers in the area of Southaven find the right financial solution for their home needs. He offers a variety of mortgage and loan plans, such as jumbo, FHA, conventional, and VA, available at fixed and adjustable rates. He also provides refinancing options based on his client's individual needs that help meet their financial situations and lifestyles. Andrew joined Crump Mortgage in 2009 and has since been giving clients insights into the market to help them achieve their homeownership objectives.

License Verified:

License: 161130

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 (81)

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
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Crump Mortgage logo
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License Verified:

License: 82525

Nationwide Multistate Licensing System and Registry

Crump Mortgage

688 West Brookhaven Circle, Memphis, TN 38117
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  • Refinance

Business Description

For more than 100 years, Crump Mortgage has been dealing with clients in the Southaven area. The company assists homebuyers through the process of applying for conventional loans. It also offers programs guaranteed or insured by different federal agencies, including the VA, FHA, and USDA. In addition, it educates borrowers on loans provided by the Tennessee Housing Development Authority. Rob Crump, one of its loan officers, has spent more than three decades in the mortgage industry.

License Verified:

License: 82525

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.
4.7
Google
4.3 / 5 (6)
Facebook
5.0 / 5 (5)

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
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Desoto Home Mortgage logo
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License: 1931834

Nationwide Multistate Licensing System and Registry

Desoto Home Mortgage

6080 Getwell Rd., Suite 204, Southaven, MS 38672
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  • Refinance

Business Description

Desoto Home Mortgage addresses the housing concerns of individuals and families in Southaven. The firm helps people achieve their dream homes or fund their renovation projects through various mortgage solutions. Its team of lenders offers conventional and government-backed loans, which include USDA, FHA, and VA. In addition, they assist those who want to get lower interest rates, monthly payments, and cash from their home loans by providing refinancing options. Desoto Home Mortgage is also licensed to operate in Tennessee.

License Verified:

License: 1931834

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 (173)
Facebook
5.0 / 5 (57)

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
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Helpfulness
Detail
Eagle Mortgage & Funding, Inc. logo
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License Verified:

License: 187152

Nationwide Multistate Licensing System and Registry

Eagle Mortgage & Funding, Inc.

6260 Poplar Ave., Memphis, TN 38119
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Business Description

Eagle Mortgage & Funding, Inc., caters to investors and buyers in Southaven and nearby areas. Its loan officers help individuals and families acquire various types of residential properties by assisting them in filing mortgage applications. They process a selection of mortgage products, such as conventional, conforming, jumbo, fixed-rate, USDA, VA, and FHA loans. They also provide 203k loans, state and local housing programs, and refinancing solutions. Eagle Mortgage & Funding has been operating for over 25 years.

License Verified:

License: 187152

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 (26)

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
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Detail
Jennifer Ballheimer logo
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License: 143750

Nationwide Multistate Licensing System and Registry

Jennifer Ballheimer

1582 Poplar Ave, Memphis, TN 38104
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  • Refinance
  • New Construction

Business Description

Jennifer Ballheimer is a home loan professional affiliated with Mortgage Financial Services. She caters to the needs of investors and both first-time and seasoned homebuyers, helping them select from various programs such as jumbo, VA, and FHA loans. She also offers 15- and 30-year loans for clients looking to purchase vacation homes. In addition, refinancing options are available. Ballheimer has been offering home financing solutions since 2002. Committed to providing around-the-clock assistance, clients may reach her via text, phone, and email.

License Verified:

License: 143750

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
4.9 / 5 (155)

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
Jerry Hensley logo
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License Verified:

License: 1480666

Nationwide Multistate Licensing System and Registry

Jerry Hensley

6471 Stage Rd, Bartlett, TN 38134
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  • Refinance

Business Description

Jerry Hensley is a mortgage broker serving clients in Southaven. He assists homebuyers and owners in obtaining the right home loan for their purchase and refinancing needs. His team comprises in-house underwriters, processors, and loan closers, which ensures that mortgage applications will be processed efficiently and quickly. He also leverages his years of experience in working with both buyers and sellers to educate clients through the homebuying process. Hensley currently works as an area sales manager for First South Financial Credit Union, a mortgage company that has been operating since 1957.

License Verified:

License: 1480666

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 (2)
Shelley Dunn logo
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License Verified:

License: 185241

Nationwide Multistate Licensing System and Registry

Shelley Dunn

7145 Swinnea Road, Suite 1, Southaven, MS 38671
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  • Refinance

Business Description

Shelley Dunn is the producing branch manager of Supreme Lending in Southaven. She offers a wide selection of loan programs, including government, traditional, amortization, and specialty loans. Her government programs include VA and FHA loans. Dunn works with borrowers throughout the loan application process, from underwriting to closing. In line with her full-service approach, she provides post-closing assistance by addressing her client's additional mortgage needs. Dunn also offers financing terms for property types, such as second home, investment property, and primary residence.

License Verified:

License: 185241

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 (28)
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Frequently Asked Questions

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.

How do mortgage brokers get paid?

The customer or the lender pays the mortgage broker. By law, it's illegal for a mortgage broker to accept payment from both parties. Additionally, thanks to the Dodd-Frank Act, a mortgage broker cannot have hidden fees or base their commission on their customer's interest rate.

What makes mortgage brokers different from loan officers?

Loan officers are employees of a single lender. For example, if you go to a bank for a mortgage, you'll deal with their loan officer. They’re paid a set salary and receive bonuses; however, they can only offer loans from their bank.

A mortgage broker works independently or for a firm, and they’re paid by the client or lender. Mortgage brokers can approach several lenders, giving individuals many more options.

What is the difference between a commercial mortgage broker and a home loan broker?

A commercial mortgage broker deals with real estate loans for businesses. The loan for the commercial property is given to the company, not the individual. As a result, the approval process reviews the financial health of the business. In comparison, a home loan broker helps individuals gain a real estate loan for their property.

How much do mortgage brokers make?

According to Salary.com, the average salary for a mortgage broker in the U.S. ranges between $75,344 and $99,498. However, this can significantly vary depending on the state you work in, bonuses, and other factors.

How do mortgage brokers get paid?

How a mortgage broker gets paid entirely depends on who they work for. If they’re an independent contractor, all of their income comes from their clients or lenders. If the person works for a brokerage, they may be paid a combination of a base salary and bonuses from closed deals.

How much do mortgage brokers make per loan?

Mortgage brokers typically make between 1% and 2% of the total loan amount on each deal closed. The client or the lender will pay this fee. The mortgage broker does not receive their payment until the loan is approved and finalized. 

Can mortgage brokers work across state lines?

Yes, mortgage brokers can work across state lines. However, each state has different licensing requirements for its mortgage brokers. To legally close a transaction, you must be certified in the state of the transaction. Additionally, it's helpful to know the state's closing process, as this can change from state to state.

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.

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.

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.

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