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Best Mortgage Brokers in Elizabeth

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Alliance Mortgage logo
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License Verified:

License: 187908

Nationwide Multistate Licensing System and Registry

Alliance Mortgage

900 Oak Tree Rd Suite B, South Plainfield, NJ 07080
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  • New Construction
  • Refinance

Business Description

Alliance Mortgage caters to property buyers and sellers in the Elizabeth metro and nearby areas. Its mortgage brokers provide financial advice and help individuals obtain fixed- and adjustable-rate mortgage loans. They also offer VA, FHA, USDA, and super jumbo loan programs. In addition, they accommodate clients who want to refinance their existing mortgages. Alliance Mortgage creates customized mortgage solutions to help customers achieve their dream properties. It maintains an affiliation with the Association of Independent Mortgage Brokers.

License Verified:

License: 187908

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 (1)

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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American United Mortgage Corporation logo
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License Verified:

License: 75965

Nationwide Multistate Licensing System and Registry

American United Mortgage Corporation

210 Haven Avenue, Scotch Plains, NJ 07076
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  • Residential Mortgages
  • Jumbo Loans

Business Description

American United Mortgage Corporation offers financial assistance to real property buyers situated in Elizabeth. The firm has various options such as fixed and adjustable-rate mortgages, combinations of the former, and jumbo mortgages. This aid extends to transactions involving the purchase and renovation of residences. The business has been operating for over two decades. The corporation is partnered with reputable banking and financial institutions to offer consumers myriad choices. The company emphasizes clarity in its dealings.

License Verified:

License: 75965

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 (27)
Bridgeway Mortgage & Real Estate Services logo
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License Verified:

License: 740040

Nationwide Multistate Licensing System and Registry

Bridgeway Mortgage & Real Estate Services

52 Maple Ave, Morristown, NJ 07960
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  • Refinance

Business Description

Bridgeway Mortgage & Real Estate Services is a full-service company that serves the Elizabeth metro. Its services include mortgages for first-time buyers, mortgage refinancing, FHA home loans, and other loans. It assists with mortgage pre-approval, mortgage renewals, debt consolidation, credit improvement, home renovations, and reverse mortgages. Bridgeway Mortgage & Real Estate Services is an equal housing lender. It provides mortgage calculators on its website to assist clients. Michael Read is the company's principal broker. He and his team customize plans that meet their clients' needs.

License Verified:

License: 740040

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 (142)
Facebook
5.0 / 5 (7)
Yelp
5.0 / 5 (1)

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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Heritage Financial Corp logo
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License Verified:

License: 137218

Nationwide Multistate Licensing System and Registry

Heritage Financial Corp

3478 Kennedy Blvd, Jersey City, NJ 07307
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  • Refinance

Business Description

Heritage Financial Corp is a mortgage company that has been serving Elizabeth and the surrounding communities for more than 25 years. It helps individuals in securing a mortgage by providing financial education and guiding them through the process of homeownership. A wide range of commercial and residential loan options is available including FHA, VA, equity, SBA Doc, construction, and fix and flip. The company assists clients with different purposes such as buying a new home, consolidating a bill, or launching a marketing campaign.

License Verified:

License: 137218

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.
4.8
Facebook
5.0 / 5 (15)
Yelp
3.0 / 5 (2)

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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Home Got Owned logo
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License Verified:

License: 1464824

Nationwide Multistate Licensing System and Registry

Home Got Owned

6 Martin Pl, Cranford, NJ 07016
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  • Refinance

Business Description

Home Got Owned is a mortgage company that serves clients in Elizabeth and the surrounding areas. Its mortgage specialists work with clients to find the right loan program that meets their needs and specific requirements. Some of the loan options they offer are FHA, VA, USDA, jumbo, conventional, and HomePath mortgage. In addition, Home Got Owned helps clients who want to donate the remaining funds they have saved on closing costs to a charity of their choice.

License Verified:

License: 1464824

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 (29)

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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Jersey Mortgage Company logo
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License Verified:

License: 2761

Nationwide Multistate Licensing System and Registry

Jersey Mortgage Company

511 South Avenue East, Cranford, NJ 07016
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  • Refinance
  • Purchase
  • First Time Homebuyer

Business Description

Jersey Mortgage Company is a direct lender that assists first-time homebuyers and those refinancing their homes in Elizabeth by tailoring loan options according to their specific needs. It offers jumbo loans, USDA loans, VA loans, FHA loans, and reverse mortgage. It also offers a Live Where You Work housing mortgage incentive program. Jersey Mortgage Company has been serving clients since 1938 and has helped thousands of families reach their financial goals. It operates out of three offices across New Jersey.

License Verified:

License: 2761

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
4.8 / 5 (486)
Facebook
4.6 / 5 (36)

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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Lion Mortgage logo
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License Verified:

License: 322578

Nationwide Multistate Licensing System and Registry

Lion Mortgage

306 Avenel St, Avenel, NJ 07001
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  • Reverse Mortgages

Business Description

Lion Mortgage offers financial solutions to home buyers in Elizabeth. Its loan officers help clients determine their requirements and capabilities to pick appropriate products from FHA, conventional, jumbo, reverse mortgage, investment and vacation home, and commercial loans. They also assist individuals looking to cash out of the equity through the HELOC refinance program. In addition, they cater to those who are looking for stated income, adjustable-rate, and fixed-rate mortgage options. The company also serves individuals in Pennsylvania.

License Verified:

License: 322578

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
4.7 / 5 (351)
Facebook
4.8 / 5 (24)

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
Making Lives Better logo
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License Verified:

License: 1101220

Nationwide Multistate Licensing System and Registry

Making Lives Better

51 Commerce St, Springfield, NJ 07081
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  • Refinancing

Business Description

Making Lives Better is a mortgage firm that serves the lending needs of homebuyers, homeowners, real estate professionals, and builders in Elizabeth and the surrounding areas. It helps clients seeking to purchase or refinance any residential properties. It offers various loan program options such as FHA loans, VA loans, jumbo loans, and USDA loans. The company gives back to the local community through its partnership with the Union County Educational Services Commission and the Codogno Center.

License Verified:

License: 1101220

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
Facebook
4.1 / 5 (48)
New Dwelling Mortgage logo
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License Verified:

License: 1533929

Nationwide Multistate Licensing System and Registry

New Dwelling Mortgage

900 South Ave, 3rd Floor Suite 42/43, Staten Island, NY 10314
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  • New Construction
  • Refinance

Business Description

New Dwelling Mortgage is a group of brokers helping people in the Elizabeth metro find their homes through different mortgage options. It offers a variety of loan programs, including conventional loans, 15 or 30-year mortgages, FHA loans, and VA home loans. A member of AIME and the New York Association of Mortgage Brokers, it also offers investment loans and Jumbo loans. Its president, Frank V. Collo, established New Dwelling Mortgage in 2018 with the commitment of putting clients first.

License Verified:

License: 1533929

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 (206)
Facebook
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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Northstar Funding logo
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License Verified:

License: 139369

Nationwide Multistate Licensing System and Registry

Northstar Funding

15 Wilkinson Ave, Jersey City,, NJ 07305
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  • New Construction
  • Refinance

Business Description

NorthStar Funding is a mortgage lender and broker that serves clients in the Elizabeth metro and its surrounding areas. Its loan specialists work with them in understanding the different loan options they may apply to, including FHA, veterans administration, jumbo, and reverse mortgage loans. They also assess every client's financial situation and help them submit the required paperwork. In addition, NorthStar Funding provides assistance to homeowners in the mortgage refinancing process. Its team is always available to respond to questions from clients.

License Verified:

License: 139369

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.
4.6
Google
4.6 / 5 (128)

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
Petra Cephas Residential Mortgage Brokers logo
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License Verified:

License: 1222300

Nationwide Multistate Licensing System and Registry

Petra Cephas Residential Mortgage Brokers

27 Clyde Road, Suite 201, Somerset, NJ 08873
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  • New Construction
  • Refinance

Business Description

Petra Cephas, a residential mortgage company with offices in Piscataway and Somerset, assists home buyers from Elizabeth and nearby areas using a free market system. Its mortgage brokers have access to multiple lenders, which means clients have various options. They don’t steer borrowers towards one loan program or another. Some of the most common loan options they provide include FHA, VA, and conventional loans. They also guide clients with other aspects of the home buying process such as moving, electricity, water, and trash pick up.

License Verified:

License: 1222300

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 (144)
Facebook
4.9 / 5 (31)

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
Stem Lending logo
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License Verified:

License: 1648699

Nationwide Multistate Licensing System and Registry

Stem Lending

101 Hudson Street, Suite 2100, Jersey City, NJ 07302
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  • Refinance
  • Purchase and Renovation Loans

Business Description

Stem Lending is a tech-enabled mortgage brokerage serving clients in Elizabeth. The company utilizes technology to look for multiple loan options suitable for clients. Its loan officers assist clients in mortgage pre-approval for jumbo, FHA, or VA loans. They help determine clients' eligibility to get cash-out or low-credit refinance options. In addition, the officers also deliver investment property and immigrant-friendly mortgages, as well as renovation loans. Shantanu Sharma co-founded this fintech startup in May 2017.

License Verified:

License: 1648699

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 (86)
Facebook
5.0 / 5 (31)

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
The Vindman Lending Team logo
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License Verified:

License: 103147

Nationwide Multistate Licensing System and Registry

The Vindman Lending Team

20 Jackson Drive, Cranford, NJ 07016
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  • Reverse Mortgages

Business Description

The Vindman Lending Team offers home financing services to the residents of Elizabeth and the surrounding areas. The mortgage broker helps clients own a home through a wide array of financing solutions, from conventional, VA, and FHA home loans to FHA 203k loans. Its lending team also works with homebuyers needing USDA loans and homeowners seeking to get reverse mortgages. Larry Vindman has nearly 20 years of industry experience. Larry and his lending team serve all counties of New Jersey.

License Verified:

License: 103147

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 (1)

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
Tristar Mortgage Corp. logo
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License Verified:

License: 162734

Nationwide Multistate Licensing System and Registry

Tristar Mortgage Corp.

711 Forest Ave, Staten Island, NY 10310
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  • Refinance

Business Description

Tristar Mortgage Corp. offers refinancing and a home purchase loan programs in Elizabeth. First-time buyers can choose from options like VA loans and FHA loans. Tristar also provides mortgage loans for vacation and investment homes. Clients can either opt for a 30-year or a 15-year fixed-rate loan. In addition, the brokerage processes jumbo mortgages of up to $10 million. John Rukab, one of the loan originators, has worked in the mortgage industry for 24 years.

License Verified:

License: 162734

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.
4.8
Google
4.8 / 5 (69)
Facebook
5.0 / 5 (2)

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Back to Providers

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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