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Best Mortgage Brokers in Newark

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Aceland Mortgage logo
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License Verified:

License: 1896199

Nationwide Multistate Licensing System and Registry

Aceland Mortgage

16 Orange Street, Bloomfield, NJ 07003
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  • Refinance

Business Description

Aceland Mortgage is a mortgage company that assists customers in Newark with their real estate financing decisions. Serving the residential lending industry since 2003, it offers fixed-rate mortgages, jumbo loans, as well as rehab loans for regular and veteran homeowners planning to renovate their spaces. It also extends mortgage loan options for investment properties and vacation homes. The company was founded by William Halick who previously worked as an account executive in the mortgage lending division of JPMorgan Chase & Co.

License Verified:

License: 1896199

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 (17)
Facebook
5.0 / 5 (12)
Yelp
5.0 / 5 (5)

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
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Detail
––
Alliance Mortgage logo
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License Verified:

License: 187908

Nationwide Multistate Licensing System and Registry

Alliance Mortgage

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

Business Description

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.
4.9
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
American Royal Mortgage Corp. logo
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License Verified:

License: 35321

Nationwide Multistate Licensing System and Registry

American Royal Mortgage Corp.

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

Business Description

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.
4.9
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
Ameridream Home Loans logo
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License Verified:

License: 1510167

Nationwide Multistate Licensing System and Registry

Ameridream Home Loans

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

Business Description

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.
5.0
Google
5.0 / 5 (267)
Facebook
4.0 / 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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
AnnieMac Home Mortgage logo
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License Verified:

License: 1922893

Nationwide Multistate Licensing System and Registry

AnnieMac Home Mortgage

22 Ridge Road, Lyndhurst, NJ 07071
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  • New Construction

Business Description

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
Central Jersey Mortgage Corp. logo
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License Verified:

License: 219701

Nationwide Multistate Licensing System and Registry

Central Jersey Mortgage Corp.

One Cornell Parkway, Springfield, NJ 07081
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  • Refinance

Business Description

Central Jersey Mortgage Corp. is a mortgage loan company that has served clients in Newark since 1989. It employs a collective group of loan officers, each with over two decades of experience in the industry. For first-time homeowners, the company offers to explain each loan plan, such as FHA and jumbo loans. It also caters to refinancing homeowners, comparing their existing contracts to other programs that can lower payments or pay off debts. The company offers daily reports on interest rate changes.

License Verified:

License: 219701

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 (3)
Google
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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Commercial Mortgage Capital logo
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Commercial Mortgage Capital

615 West Mount Pleasant Avenue, Livingston, NJ 07039
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  • Commercial Loans
  • Multi-Family Loans

Business Description

Commercial Mortgage Capital is a mortgage broker that services clients in Newark and its surrounding areas. The company helps clients in finding the right loan options for their unique needs. Its team of brokers offers a wide range of services such as permanent financing, note financing, construction and acquisition financing, and rehabilitation and repositioning. Founded by Mark M. Scott in 1996, Commercial Mortgage Capital remains committed to providing a solution-focused approach to all of its clients.

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Dream Home By Bob logo
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License Verified:

License: 909635

Nationwide Multistate Licensing System and Registry

Dream Home By Bob

35 Faith Lane, Strathmore, NJ 07747
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  • Refinance

Business Description

Dream Home By Bob is a mortgage firm that serves clients in Newark. The company offers various loan programs for homebuyers and homeowners, including mortgage refinancing, HARP 2.0, jumbo home loans, FHA home loans, VA home loans, and cash-out home loans. It is owned and operated by loan originator Robert Erven, who can handle loans for first-time homebuyers, mortgage refinancing, and debt consolidation. His experiences in the mortgage industry include his role as an underwriter support specialist at Homepoint.

License Verified:

License: 909635

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 (4)

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
Erez Shimoni logo
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License Verified:

License: 460222

Nationwide Multistate Licensing System and Registry

Erez Shimoni

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

Business Description

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
First Alliance Home Mortgage logo
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License Verified:

License: 5034

Nationwide Multistate Licensing System and Registry

First Alliance Home Mortgage

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

Business Description

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)

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
Forward Mortgage, LLC logo
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License Verified:

License: 1626839

Nationwide Multistate Licensing System and Registry

Forward Mortgage, LLC

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

Business Description

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
Garden State Mortgage logo
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License Verified:

License: 1707560

Nationwide Multistate Licensing System and Registry

Garden State Mortgage

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

Business Description

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.
4.6
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
Heritage Financial Corporation logo
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License Verified:

License: 137218

Nationwide Multistate Licensing System and Registry

Heritage Financial Corporation

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

Business Description

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.
4.8
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
HQM Loans logo
Visit WebsiteWebsite

License Verified:

License: 1253330

Nationwide Multistate Licensing System and Registry

HQM Loans

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

Business Description

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
Keypoint Mortgage logo
Visit WebsiteWebsite

License Verified:

License: 9948304

Nationwide Multistate Licensing System and Registry

Keypoint Mortgage

125 Bathurst Avenue, North Arlington, NJ 07031
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  • Refinance
  • Reverse Mortgages

Business Description

Keypoint Mortgage, LLC, serves home purchase loan programs for individuals, families, and businesses in the Newark area and the surrounding communities. Its list of loan programs includes conventional loans, FHA loans, first-time homebuyers, USDA, VA, and jumbo loans. In addition to commercial loans, it also provides refinance loans, reverse mortgages, foreign national, and HARP 2.0 loans. Keypoint Mortgage also offers construction loans to finance the construction of a new structure, whether it is a new home or a commercial property.

License Verified:

License: 9948304

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 (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
Kingdom First Mortgage logo
Visit WebsiteWebsite

License Verified:

License: 341713

Nationwide Multistate Licensing System and Registry

Kingdom First Mortgage

655 Amboy Avenue, Woodbridge, NJ 07095
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  • New Construction
  • Refinance

Business Description

Kingdom First Mortgage is a mortgage brokerage firm serving clients in the Newark area. It caters to first-home buyers with FHA loans and to qualified veterans with VA loans. Flexible offers include conventional loans and jumbo loans with different terms spanning from 10 to 30 years. The firm's website has mortgage and loan amortization calculators for its clients. Kingdom First Mortgage takes part in the creation of Kingdom First Ministries to provide people with discipleship opportunities.

License Verified:

License: 341713

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
Facebook
5.0 / 5 (60)
Google
4.0 / 5 (22)

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
MortgageDepot - Corporate logo
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License Verified:

License: 1133788

Nationwide Multistate Licensing System and Registry

MortgageDepot - Corporate

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

Business Description

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.
4.9
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
MR Capital Group logo
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License Verified:

License: 2212

Nationwide Multistate Licensing System and Registry

MR Capital Group

301 Route 17 North, Suite 205, Rutherford, NJ 07070
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  • Multi-Family Loans

Business Description

MR Capital Group, an elite branch of FM Home Loans, serves clients in Newark and neighboring areas with their mortgage needs. Whether a client is a new home buyer, a homeowner that would like to refinance an existing mortgage, or just seeking some financial solutions, the firm's group of loan officers assists in choosing the right loan option for them. The mortgage programs available are fixed- and adjustable-rate, conforming, jumbo, and FHA. Company director Mark Rokowsky has been working in the mortgage lending industry since 1996.

License Verified:

License: 2212

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
4.5 / 5 (57)

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
NJ Lenders Corp. logo
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License Verified:

License: 35286

Nationwide Multistate Licensing System and Registry

NJ Lenders Corp.

80 River Street, Hoboken, NJ 07030
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  • Refinance

Business Description

NJ Lenders Corp. is a mortgage banker that has been delivering residential loan solutions in Newark since 1991. Its loan officers assist buyers, sellers, and individuals looking for refinancing by offering loan options, such as first-time homebuyers, jumbo, FHA, VA, and reverse mortgages. An average loan officer in its team brings around 10 years of home loan financing and banking experience for every client. NJ Lenders is licensed in 13 states, and it has closed more than 100,000 mortgage loans, totaling over $40 billion.

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.
4.6
Google
5.0 / 5 (48)
Facebook
5.0 / 5 (7)

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
NJ Lenders Corp. logo
Visit WebsiteWebsite

License Verified:

License: 35286

Nationwide Multistate Licensing System and Registry

NJ Lenders Corp.

219 Paterson Street, Little Falls, NJ 07424
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  • Refinance

Business Description

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.
4.8
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
Patriot Mortgage logo
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License Verified:

License: 1248884

Nationwide Multistate Licensing System and Registry

Patriot Mortgage

77 West Main Street, Freehold, NJ 07728
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  • New Construction

Business Description

Patriot Mortgage has been providing mortgage services to Newark since 2014. It caters to clients who need second mortgages, refinancing, reverse mortgages, and home equity loans. It also offers different types of loan programs, including fixed-rate, FHA, VA, jumbo, and adjustable-rate. With over 25 years of experience in the field, it follows a mortgage process that includes consultation, application, appraisal, and closing. Its owner, Peter Berryman, is the previous owner of Kastle Mortgage in Freehold and the former EVP at Carteret Mortgage.

License Verified:

License: 1248884

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
Facebook
5.0 / 5 (29)
Yelp
5.0 / 5 (3)
Google
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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Petra Cephas logo
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License Verified:

License: 1222300

Nationwide Multistate Licensing System and Registry

Petra Cephas

27 Clyde Road, Franklin Township, NJ 08873
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  • Refinance

Business Description

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.
4.9
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
Prime Time Mortgage Corp. logo
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License Verified:

License: 9954865

Nationwide Multistate Licensing System and Registry

Prime Time Mortgage Corp.

275 U.S. 22, Springfield, NJ 07081
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  • New Construction
  • Refinance

Business Description

Prime Time Mortgage Corp. is a direct lending company that caters to the mortgage borrowing needs of veterans, school teachers, and first responders in Newark. Its loan experts tailor and process financing solutions for home improvement projects, debt consolidation, and home equity lines of credit. In addition to residential and home purchase loans, it offers commercial mortgage programs for businesses. Prime Time Mortgage has been operating as a full-service mortgage banker since its establishment in 2004.

License Verified:

License: 9954865

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.
4.1
Google
4.0 / 5 (40)
Facebook
5.0 / 5 (4)
Yelp
4.0 / 5 (4)

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
Regional Home Mortgage logo
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License Verified:

License: 4855

Nationwide Multistate Licensing System and Registry

Regional Home Mortgage

1150 Raritan Road, Cranford, NJ 07016
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  • Refinance

Business Description

Regional Home Mortgage assists in exploring loan options for clients in Newark. It offers a range of rate options such as fixed-rate, adjustable-rate, interest-only, and graduated payments. For loan programs, it provides FHA, VA, USDA, and jumbo. It also aids in refinancing different loan types, from home purchases to reverse mortgages. Regional Home Mortgage commits to company values of honesty, integrity, and competence, offering to assist borrowers in roadblocks encountered in securing their preferred mortgage.

License Verified:

License: 4855

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
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Richmond County Mortgage logo
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License: 19161

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Richmond County Mortgage

7448 Amboy Road, Staten Island, NY 10307
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  • Refinance

Business Description

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.

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License: 19161

Nationwide Multistate Licensing System and Registry

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5.0 / 5 (18)

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Stem Lending logo
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License: 1648699

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Stem Lending

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

Business Description

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.

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License: 1648699

Nationwide Multistate Licensing System and Registry

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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.
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Top Vine Mortgage Services, LLC logo
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License: 1390034

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Top Vine Mortgage Services, LLC

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

Business Description

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.

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License: 1390034

Nationwide Multistate Licensing System and Registry

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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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