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Best Mortgage Brokers in Fayetteville

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Carolina Home Mortgage - Fayetteville logo

Carolina Home Mortgage - Fayetteville

6200 Ramsey Street, Fayetteville, NC 28311
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  • Reverse Mortgages

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.

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Port City Mortgage logo

Port City Mortgage

8024 Market Street, Fayetteville, NC 28411
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  • Refinance

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.

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Veterans United Home Loans logo

Veterans United Home Loans

4129 Raeford Road, Fayetteville, NC 28304
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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.

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Frequently Asked Questions

Q: Do mortgage brokers need to be licensed?

A: 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.

Q: Is it difficult to pass the mortgage brokers’ test?

A: 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.

Q: What is a surety bond for mortgage brokers?

A: 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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