Expertise.com
2024

Last updated:

Best Mortgage Brokers in Fayetteville

Our Recommended Top 3

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

45

Reviewed

28

Curated

3

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
8024 Market Street, Fayetteville, NC 28411
  • Refinance

Why choose this provider?

Port City Mortgage is a mortgage brokerage firm that services the Fayetteville area. Since its establishment in 2013, it has offered a wide range of mortgage services and loan programs to clients including fixed-rate mortgage, adjustable ARM, FHA home loans, VA loans, and jumbo loans. The firm is focused on educating clients regarding different kinds of loans that fit their specific needs, as well as walking each client through the loan process to make sure they get the best deals.

License Verified:

License: 1070291

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
Zillow
5.0 / 5 (52)
Facebook
5.0 / 5 (25)
Google
5.0 / 5 (12)

(+1 additional source)

Website
4129 Raeford Road, Fayetteville, NC 28304
  • Refinance

Why choose this provider?

Veterans United Home Loans is a mortgage brokerage agency that serves clients in Fayetteville and the surrounding areas. It specializes in providing assistance to service personnel and surviving spouses in getting VA loans. Manager Philicia Pringle is a board-certified human services practitioner. She assists veterans, service members, and qualified military spouses on how to take advantage of the VA loan program. She has served on the Fayetteville Mortgage Banker's Association board and won Fayetteville's 40 Under 40 Award in 2020.

License Verified:

License: 1723160

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
Yelp
4.0 / 5 (237)
Google
4.0 / 5 (129)
Facebook
4.0 / 5 (67)

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

Website
6200 Ramsey Street, Fayetteville, NC 28311
  • Reverse Mortgages

Why choose this provider?

Carolina Home Mortgage - Fayetteville is a full-service mortgage lending company. It provides mortgage lending services for residential properties in the area. Its professionals offer mortgage products such as conventional mortgage loans, jumbo loans, FHA loans, VA, loans, and USDA loans. Carolina Home Mortgage - Fayetteville also offers other loan types that include fixed-rate adjustable loans, no closing cost loans, and zero downpayment loans. Its lending services are designed for veterans, first-time home buyers, and residents in rural areas.

License Verified:

License: 39862

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.
4.4
Google
4.0 / 5 (45)
Facebook
5.0 / 5 (25)

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

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.