Expertise.com

2024

Last updated:

Best Mortgage Brokers in Billings

Our Recommended Top 5

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

30Reviewed

20Curated

5Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1320 Division Street, Billings, MT 59101
WebsiteLicense: 140614

Expertise.com Rating

Review Sources

Google
5.0 (13)
Facebook
5.0 (8)
Yelp
1.0 (1)

Why choose this provider?

Division Mortgage Group, Inc., handles the refinancing needs of homeowners in and around the Billings metro. Its National Association of Mortgage Brokers-certified loan originators counsel clients on refinance options. They match clients with programs that fit their unique needs, whether they want to cut monthly payments, get cash for home upgrades, save on interest, or modify repayment terms. Goldline Research also named the company a Top Ten Mortgage Broker in the United States and a Top Ten Mortgage Broker in the West.

  • Refinance

705 5th St W, Billings, MT 59101
WebsiteLicense: 296207

Expertise.com Rating

Review Sources

Google
4.9 (62)
Facebook
5.0 (7)

Why choose this provider?

Guardian Mortgage is a mortgage brokerage firm that provides home loan solutions to residents of the Billings metro and nearby locations. It offers a wide variety of mortgages, including reverse mortgages, rural development and investment property mortgages, FHA and VA mortgages, new construction mortgages, and conventional mortgages. The company also assists borrowers in adjusting their existing loans through mortgage refinancing and debt consolidation. Guardian Mortgage's team of mortgage professionals has over six decades of experience in handling mortgage loans.

  • Refinance

485 South 24th Street W Unit B, Billings, MT 59102
WebsiteLicense: 526357

Expertise.com Rating

Review Sources

Zillow
4.9 (34)
Facebook
5.0 (7)
Google
5.0 (1)

Why choose this provider?

Kamber Kelly is an NMLS-licensed loan advisor and mortgage lender who serves the community of Billings and its surrounding areas. She starts the process of loaning and assists her clients until their application is approved and closed. The agent offers various loan programs such as conventional, VA interest reduction, FHA streamline, FHA 203(K), and USDA rural streamline refinancing loans. Kelly works under CrossCountry Mortgage, a nationwide full-service lender that comprises more than 8,000 professionals across 600 locations.

  • Refinance

112 3rd Avenue, Laurel, MT 59044
WebsiteLicense: 1941704

Expertise.com Rating

Why choose this provider?

Ark Home Loans attends to the financing needs of homebuyers and individuals in Billings who are planning to purchase or renovate houses. It offers a variety of traditional and niche loan programs, including down payment assistance, cash out, construction to permanent, and home renovation. Those with poor credit history are also accommodated. The company is a local, veteran-owned, and veteran-operated business whose mission is to guide people toward homeownership regardless of gender, age, status, religion, and nationality.

  • New Construction

746 Grand, Billings, MT 59101
WebsiteLicense: 260559

Expertise.com Rating

Review Sources

Google
5.0 (13)
Facebook
5.0 (13)
Zillow
5.0 (8)

Why choose this provider?

Wallinder Mortgage Brokers has been providing financing solutions to homebuyers in Billings for over 20 years. It carries a variety of lending options, including government-insured, rural development, conventional loans, and Montana first-time homebuyer assistance. The veteran-owned company also provides refinancing programs for credit-challenged borrowers. It advises clients to undergo prequalification even if they are not yet planning to buy a house. Its pre-approval process catches credit and downpayment issues early on. Company owner Kim Wallinder Moffet is a former Realtor and a home renovation specialist.

  • Refinance

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.