Expertise.com
2024

Last updated:

Best Mortgage Brokers in Newark

Our Recommended Top 16

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

83

Reviewed

56

Curated

16

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
3478 John F. Kennedy Boulevard, Jersey City, NJ 07307
  • Refinance
  • Commercial Loans

Why choose this provider?

Founded in 1993, Heritage Financial Corporation is a mortgage brokerage firm located in Jersey City. It caters to individuals and business owners in Newark. The firm offers residential loan programs such as conventional, Frannie Mae, Freddie Mac, home ready, and stated income loans. Additionally, it assists commercial clients to obtain mixed-use, land, construction, bridge, and rehabilitation loans. Heritage Financial Corporation's founder and CEO Tina Shah has been in the business for more than 25 years.

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.
4.0
Google
4.0 / 5 (112)
Facebook
5.0 / 5 (8)
Yelp
1.0 / 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

Website
101 Hudson St Suite 2100, Jersey City, NJ 07302
  • Multi-Family Loans

Why choose this provider?

Stem Lending offers mortgage solutions for homebuyers and investors in and around the Newark area. Its team helps clients obtain loans such as Freddie Mac Non-Owner Occupied and Fannie Mae to fund investment properties. The home loan specialists also offer mortgage products suitable for immigrants. Additionally, they provide assistance for clients looking to refinance loans to change mortgage terms, lower interest rates, or liquidate home equity gains. Stem Lending was co-founded by Shantanu Sharma in 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

Website
271 Route 46 West Suite H202-203, Fairfield, NJ 07004
  • Refinance

Why choose this provider?

HQM Loans is an independently owned mortgage brokerage firm that serves Newark. The firm was founded in 2015 and helps clients who are looking into reducing their monthly payments, cashing out some of their equity, or consolidating their existing debts through mortgage refinancing. Its refinancing options include FHA streamline, term home, reverse mortgage, and HARP 2.0 refinance. President and co-founder John Fornino has been in the mortgage industry since 2002 and is a four-time winner of the New Jersey Monthly’s Five Star Professional award.

License Verified:

License: 1253330

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 (275)
Facebook
5.0 / 5 (96)

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
277 Fairfield Road, Suite 105, Fairfield, NJ 07004
  • Refinance

Why choose this provider?

Forward Mortgage, LLC is a residential mortgage broker that serves individuals and families in Newark. Its team reviews the credit, income, assets, and goals of clients and provides real estate mortgage financing and residential home loans such as FHA, VA, USDA, HARP, jumbo loans, and reverse mortgages. The company's president, Christopher Di Girolamo, is a financial advisor and a mortgage loan originator. New Jersey's Five Star Mortgage Professionals recognized him for his work in the mortgage industry.

License Verified:

License: 1626839

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 (55)
Facebook
5.0 / 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
Responsiveness
Friendliness
Helpfulness
Detail

Website
7448 Amboy Road, Staten Island, NY 10307
  • Refinance

Why choose this provider?

Richmond County Mortgage Corp. is a mortgage broker that serves clients in Newark. The company offers a variety of loan options for homeowners and homebuyers, including fixed-rate mortgages, adjustable-rate mortgages, HARP 2.0, FHA loans, and VA homes loans. The property types covered by its brokerage services include single-family homes, multi-family homes, condominiums, townhouses, and manufactured homes. Although the firm adheres to the adoption of technology in the mortgage industry, the mortgage broker focuses on maintaining direct contact with borrowers.

License Verified:

License: 19161

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

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
27 Clyde Road, Franklin Township, NJ 08873
  • Refinance

Why choose this provider?

Petra Cephas works with multiple direct lenders to provide residential mortgage solutions in Newark. With over 15 years of industry experience, its mortgage brokers aim to create a simplified home loan process. They offer financial solutions for primary and secondary homes and investment properties, including townhomes and condominiums. Petra Cephas means "Peter, the Rock" in Latin, deriving its name from Peter, one of Jesus' disciples. Its team conducts business to lead clients "to their own kingdoms, which is the comfort of a home."

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.
4.0
Google
4.0 / 5 (133)
Facebook
4.0 / 5 (20)
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
Responsiveness
Friendliness
Helpfulness
Detail

Website
219 Paterson Street, Little Falls, NJ 07424
  • Refinance

Why choose this provider?

NJ Lenders Corp. is a team of mortgage loan originators that assists Newark homebuyers. Whether clients need help with FHA, VA, conventional, jumbo, or 30-year fixed-rate loans, they guide them along each step, from pre-approval and mortgage selection to closing. Additionally, they address the needs of homeowners looking into refinancing to consolidate debt, cash out, or convert adjustable-rate loans to fixed-rate ones. NJ Lenders, which has been in operation since 1991, also originates loans in New York, Florida, and Georgia.

License Verified:

License: 35286

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
Google
4.0 / 5 (606)
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

Website
786 Mountain Blvd Ste 202, Watchung, NJ 07069
  • Refinance

Why choose this provider?

Top Vine Mortgage Services, LLC, is a team of mortgage professionals that specializes in professional and financial support for clients in Newark. The company is an independent mortgage broker which allows it to have access to different financial institutions to provide a wider range of loan programs and financing options. Some of the company's services include conventional and government loans, loans for purchasing and refinancing, home renovation loans, and mortgage conversions. The company was Courier News' Best of the Best awardee.

License Verified:

License: 1390034

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
5.0 / 5 (13)
Yelp
5.0 / 5 (6)

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
22 Ridge Road, Lyndhurst, NJ 07071
  • New Construction

Why choose this provider?

AnnieMac Home Mortgage is a team of loan advisors that serves Newark homebuyers. Its product line includes renovation, construction, and conventional loans alongside government-backed programs such as FHA, USDA, and VA. The mortgage firm has various offices across the country, covering Arizona, Delaware, and Florida. With a commitment to give back to the community, it holds an annual golf tournament for the benefit of Freedom Service Dogs of America, a nonprofit that provides service dog assistance for disabled persons.

License Verified:

License: 1922893

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 (37)
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

Website
100 Wood Ave S Ste 123 Iselin , NJ 08830, Iselin, NJ 8830
  • Refinance

Why choose this provider?

American Royal Mortgage Corporation is a mortgage broker that has served the lending needs of builders, real estate professionals, and individual homebuyers in Newark for more than 20 years. It comprises lending specialists who have access to various wholesale lenders and assist in finding the right loan the suits the client's unique financial needs. They provide home loan options for home refinancing and purchasing, as well as construction lending. Loan products include jumbo mortgages, commercial loans, no income programs, and adjustable and fixed-rate mortgages.

License Verified:

License: 35321

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
Google
4.0 / 5 (384)
Yelp
5.0 / 5 (6)

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
160 Pehle Avenue, Suite 301, Saddle Brook, NJ 07663
  • Refinance

Why choose this provider?

Garden State Mortgage is a team of home loan specialists serving Newark and nearby locations. They help clients choose from a wide variety of mortgage options, whether they are looking to fund their first homes or investment properties. The mortgage professionals utilize their knowledge of the constantly changing programs and market conditions when guiding clients in selecting suitable loans. Some of the products they offer include super jumbo, conforming, and adjustable-rate mortgages. They also provide government-backed programs such as VA and USDA.

License Verified:

License: 1707560

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
Facebook
4.7 / 5 (14)

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
900 Oak Tree Road, South Plainfield, NJ 07080
  • Refinance

Why choose this provider?

Alliance Mortgage Finance, LLC is a mortgage broker servicing clients in Newark and its surrounding areas. The company guides borrowers in finding the right products and navigating the entire loan process. It is well-versed in a wide range of financing or loan options such as FHA loans, VA loans, and 30 or 15-year fixed mortgages. Its team of experienced brokers makes sure that it tailors its approach depending on the unique needs of every client.

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.
5.0
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

Website
125-10 Queens Boulevard, Kew Gardens, NY 11415
  • Refinance

Why choose this provider?

MortgageDepot - Corporate is a team of mortgage brokers and real estate finance professionals that handles loan and mortgage programs for clients in Newark. The company is composed of diverse, multilingual, and NMLS certified loan specialists that work on every step of the loan process, from application to approval. Some of their services include home purchase loans for first-time buyers, home refinancing options, commercial loans, and non-QM loans. MortageDepot is fully licensed and insured in the states of New York, Pennsylvania, and Florida.

License Verified:

License: 1133788

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 (8)

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
20 Jackson Drive 2nd Floor, Cranford, NJ 07016
  • Multi-Family Loans

Why choose this provider?

First Alliance Home Mortgage, LLC, is a company that serves clients in Newark and its neighboring areas. It helps families in purchasing a new home through its diverse line of mortgage products and guides them through each step of the application, from pre-approval to closing. Its brokers work with individuals in understanding their loan programs such as fixed-rate, reverse, and adjustable-rate mortgages, as well as FHA loans. The company has been responding to the community's property purchasing needs since 2004.

License Verified:

License: 5034

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
4.5 / 5 (186)
Zillow
5.0 / 5 (23)

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
27 Clyde Rd, Suite 201, Somerset, NJ 08873
  • Refinance

Why choose this provider?

Erez Shimoni is a mortgage loan officer in Newark who works for Petra Cephas, a residential mortgage broker. Shimoni assists individuals in finding the right financing options for their home purchase or financing needs. He outlines customized loan options that will be suitable for the borrower. He also acts as the main contact with the lender or financial institution for loan closing. With 20 years of experience in the mortgage industry, Shimoni has helped many home buyers in achieving their goals of owning a house.

License Verified:

License: 460222

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 (198)

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
72 Essex Street, Lodi, NJ 07644
  • Refinance
  • Reverse Mortgages

Why choose this provider?

Ameridream Home Loans is a mortgage firm that serves clients in the Newark area. It works with a range of lenders to assist customers in finding the loan policies to meet their mortgage and refinancing needs. Its programs include FHA streamline, USDA, adjustable-rate mortgage, reverse mortgage, and jumbo loans. It also provides 30-year fixed mortgage, VA, and FHA loans. Ameridream Home Loans was established in 2016 with an aim to help people achieve their homeownership goals.

License Verified:

License: 1510167

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 (267)
Facebook
4.0 / 5 (26)
Yelp
4.5 / 5 (6)

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.