Expertise.com

Best Mortgage Brokers in Albuquerque

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Mortgage Brokers FAQs

Learn more
Accurate Mortgage logo
Visit WebsiteWebsite

License Verified:

License: 242978

Nationwide Multistate Licensing System and Registry

Accurate Mortgage

6605 Uptown Boulevard Northeast, Albuquerque, NM 87110
Visit WebsiteWebsite
  • New Construction
  • Refinance

Business Description

Accurate Mortgage provides home loan services in Albuquerque. The mortgage broker offers a range of loan programs including FHA and VA loans, refinancing options, jumbo loans, and reverse mortgages as well as services for foreclosures and debt consolidation. The group's website features numerous mortgage tools to help clients get started including an overview of the loan process, information on credit scores and FICO scores, help assessing how much a homeowner can afford, daily rate synopsis, and an ARM booklet. Accurate Mortgage is licensed by the NMLS, and its site is available in Spanish as well as English.

License Verified:

License: 242978

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 (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
––
Bay Equity Home Loans - Albuquerque logo
Visit WebsiteWebsite

License Verified:

License: 1395501

Nationwide Multistate Licensing System and Registry

Bay Equity Home Loans - Albuquerque

1630 Alameda Blvd NW, Albuquerque, NM 87114
Visit WebsiteWebsite
  • New Construction
  • Refinance

Business Description

Bay Equity Home Loans is a mortgage brokerage firm that serves the Albuquerque community and nearby areas. It has loan products available for people looking to buy their first home, those seeking refinancing, and existing homeowners looking to get equity out of their properties. Some of the products it offers are fixed-rate loans, adjustable-rate loans, FHA/VA loans, jumbo loans, USDA loans, and reverse mortgages. Bay Equity Home Loans focuses on helping clients find the right loan that fits their family, needs, and financial circumstances.

License Verified:

License: 1395501

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 (54)
Facebook
5.0 / 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
Elite Financial logo
Visit WebsiteWebsite

License Verified:

License: 1797084

Nationwide Multistate Licensing System and Registry

Elite Financial

5850 Eubank Boulevard Northeast, Albuquerque, NM 87111
Visit WebsiteWebsite
  • New Construction
  • Refinance
  • Commercial Loans
  • Multi-Family Loans
  • Reverse Mortgages

Business Description

Elite Financial is a mortgage brokerage firm that offers a wide range of loan programs for clients in Albuquerque. Its team of experienced loan officers and processors helps borrowers with their home purchase or refinancing needs and guides them through the entire home loan process. Its loan options include home equity loans, new construction loans, jumbo loans, VA home loans, FHA loans, and USDA loans. Elite Financial has been in the business for the last 16 years.

License Verified:

License: 1797084

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 (72)

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
Financial Mortgage Solutions logo
Visit WebsiteWebsite

License Verified:

License: 195794

Nationwide Multistate Licensing System and Registry

Financial Mortgage Solutions

9680 Eagle Ranch Road Northwest, Albuquerque, NM 87114
Visit WebsiteWebsite
  • Refinance

Business Description

Financial Mortgage Solutions, LLC is a mortgage broker serving the community of Albuquerque. The locally-owned and operated group is a licensed broker that specializes in helping people find the most optimal loan to purchase a new home or to refinance their current mortgage and handles conventional loans, FHA loans, VA loans, USDA loans, jumbo loans, and reverse mortgages. Clients appreciate straightforward communication and upfront information on the entire mortgage process and have access to great pricing due to FMS' network of several different wholesale mortgage lenders. Financial Mortgage Solutions is an Equal Housing Lender, is open Monday through Friday, and is available as well on the weekends by phone.

License Verified:

License: 195794

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
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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Indigo Mortgage logo
Visit WebsiteWebsite

License Verified:

License: 188348

Nationwide Multistate Licensing System and Registry

Indigo Mortgage

5501 Eagle Rock Avenue Northeast, Albuquerque, NM 87113
Visit WebsiteWebsite
  • Reverse Mortgages

Business Description

Indigo Mortgage LLC has been an Albuquerque mortgage broker since 2001. The group handles a range of mortgage products for different clients including first-time home loans, construction loans, and commercial lending for businesses, and all mortgage broker and loan originators are 100% certified by the NMLS. Indigo Mortgage also helps military veterans with mortgages via its VA Mortgage Loan Center and seniors via its Reverse Mortgage Division, and the company holds an A+ rating with the BBB. The owner has a background in sales for Goldome Acceptance Mortgage, was a certified commercial banker at Bank of America, and has appeared regularly to speak about the mortgage industry on KKOB radio.

License Verified:

License: 188348

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.
4.5

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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Infiniti Mortgage logo
Visit WebsiteWebsite

License Verified:

License: 187935

Nationwide Multistate Licensing System and Registry

Infiniti Mortgage

4801 Lang Avenue Northeast, Albuquerque, NM 87109
Visit WebsiteWebsite
  • Refinance
  • Commercial Loans
  • Multi-Family Loans

Business Description

Infiniti Mortgage, LLC has been providing mortgage brokering services in Albuquerque for nearly 20 years. The team caters to first-time home buyers, current homeowners, and military personnel with conventional mortgages, refinancing loans, VA loans, and FHA loans. Infiniti's licensed brokers have an average of over 15 years of experience, offer personalized, friendly service, and provide shorter loan processing times as well with the period from an initial meeting to move-in taking as little as 30 days. Infiniti Mortgage is an Equal Housing Lender and holds an A+ rating as an Accredited Business with the Better Business Bureau.

License Verified:

License: 187935

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 (175)
Interface Mortgage logo
Visit WebsiteWebsite

Interface Mortgage

5801 Osuna Road Northeast, Albuquerque, NM 87109
Visit WebsiteWebsite
  • Refinance

Business Description

Interface Mortgage brings 25 years of mortgage experience to Albuquerque clients. The team is known for its fast and simple mortgage process as well as reliable results with services for construction loans, home improvement loans for remodeling projects, and financing for manufactured homes as well. Additional loan products include conventional loans, FHA, USDA, and VA loans, reverse mortgages, refinance loans, and foreign national loans for non-US citizens. Interested parties can use convenient loan calculators on the broker's site and can also apply for a loan right online. Interface Mortgage complies with the Fair Housing Act and was recognized with an award for Select Circle Achievement from Plaza Home Mortgages, Inc. in 2015.

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
Jason Pike logo
Visit WebsiteWebsite

License Verified:

License: 471725

Nationwide Multistate Licensing System and Registry

Jason Pike

6733 Academy Road Northeast, Albuquerque, NM 87109
Visit WebsiteWebsite
  • New Construction
  • Refinance

Business Description

Jason Pike is a mortgage professional who serves clients located in Albuquerque. As a representative of Waterstone Mortgage, he is backed up by the company's 20 years of experience. Jason himself has over 35 years of experience in home loan solutions. He currently leads a small team of loan officers and they have been helping potential homeowners with their loans and refinancing needs. Potential homebuyers can also find various reference tools and calculators on his website.

License Verified:

License: 471725

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 (62)
Yelp
4.0 / 5 (13)
Facebook
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
Loan Fox Inc. - Santa Fe, NM logo
Visit WebsiteWebsite

License Verified:

License: 289152

Nationwide Multistate Licensing System and Registry

Loan Fox Inc. - Santa Fe, NM

1228 Osage Avenue, Albuquerque, NM 87505
Visit WebsiteWebsite
  • Refinance

Business Description

Loan Fox Inc. - Santa Fe, NM has been providing financial advice to Albuquerque. It is focused on assisting first-time homebuyers, clients buying an investment property, refinancing, or overhauling a financial situation. Founded in 2019, the business offers various products such as conventional loans, FHA loans, manufactured home loans, and USDA loans. These plans will help customers to cover down payment requirements, consolidate debt, and lower payments, rates, or terms. It even has a calculator to assist clients on the interest rates and property taxes.

License Verified:

License: 289152

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 (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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
NM Mortgage Advisors logo
Visit WebsiteWebsite

License Verified:

License: 222955

Nationwide Multistate Licensing System and Registry

NM Mortgage Advisors

4811b Hardware Drive Northeast, Albuquerque, NM 87109
Visit WebsiteWebsite
  • Refinance

Business Description

New Mexico Mortgage Advisors provides mortgage brokering services to residents in Albuquerque. The firm aims to help clients who are first-time homebuyers as well as those looking to consolidate their debt. It offers a broad spectrum of different products including home purchase loans, home refinance loans, home equity loans, cash-out loans, FHA and VA loans, and reverse mortgage loans. New Mexico Mortgage Advisors assists clients who are looking for refinancing options, whether to get a cashout or get a better loan rate and term.

License Verified:

License: 222955

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 (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
Richard Quintana logo
Visit WebsiteWebsite

License Verified:

License: 471724

Nationwide Multistate Licensing System and Registry

Richard Quintana

6565 Americas Parkway NE, Albuquerque, NM 87110
Visit WebsiteWebsite
  • Refinance

Business Description

Richard Quintana of Union Home Mortgage offers to match homebuyers in Albuquerque with loans that fit their needs. Apart from conventional and new home construction loans, he also offers FHA, VA, and USDA payments. He also provides rehab loans for either purchasing or refinancing homes. Richard has over two decades of expertise in the mortgage industry and entertains clients in both English and Spanish. He has been commended for keeping clients closely involved and updated with their loan process.

License Verified:

License: 471724

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
5.0 / 5 (19)
Google
5.0 / 5 (16)

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
RPM Lending - Albuquerque logo
Visit WebsiteWebsite

License Verified:

License: 203333

Nationwide Multistate Licensing System and Registry

RPM Lending - Albuquerque

1717 Carlisle Boulevard Northeast, Albuquerque, NM 87110
Visit WebsiteWebsite
  • Refinance

Business Description

RPM Lending is an Albuquerque mortgage broker with almost 40 years of practice behind it. Customers appreciate the locally-owned group's friendly, experienced staff who can help get them through the otherwise complex loan process, and products offered include VA home loans, USDA home loans, reverse mortgages, new home and first-time buyer mortgages, conventional home mortgage loans, construction loans, FHA home loans, and government home loans. Clients can take advantage of tools right on RPM's website such as a mortgage calculator, home loan qualifier, and refinance rate checker and can also review mortgage lending steps online as well.

License Verified:

License: 203333

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 (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
VanDyk Mortgage Corporation - Albuquerque, NM logo
Visit WebsiteWebsite

License Verified:

License: 193746

Nationwide Multistate Licensing System and Registry

VanDyk Mortgage Corporation - Albuquerque, NM

7410 Montgomery Boulevard Northeast, Albuquerque, NM 87110
Visit WebsiteWebsite
  • Multi-Family Loans

Business Description

VanDyk Mortgage Corporation is a mortgage firm that has been providing lending services in Albuquerque, New Mexico for over 30 years. It specializes in offering loans for clients who plan to purchase a new home or refinance the current one that they have. It has a team of loan originators that assists clients in their loan application and processing all the way to closing. VanDyk Mortgages Corporation is a Mortgage Bankers Association member and a Better Business Bureau accredited company.

License Verified:

License: 193746

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 (121)
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
Responsiveness
Friendliness
Helpfulness
Detail
Vision Mortgage Group logo
Visit WebsiteWebsite

License Verified:

License: 212022

Nationwide Multistate Licensing System and Registry

Vision Mortgage Group

4901 McLeod Road Northeast, Albuquerque, NM 87109
Visit WebsiteWebsite
  • Refinance

Business Description

Vision Mortgage Group is an Albuquerque mortgage broker backed by over 20 years of combined experience. Customers have access to a variety of loans for first-time home purchases and refinances on existing home loans along with FHA loans, fixed-rate mortgages, jumbo mortgage loans, adjustable rate mortgages, USDA loans, bad credit loans, lending for military personnel, and foreclosure information as well as debt consolidation services. Home buyers can quickly apply on the group's website to see what loans they may qualify for as well. Vision Mortgage Group is licensed with the NMLS, aims to always exceed client expectations, and holds an A+ rating with the Better Business Bureau.

License Verified:

License: 212022

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
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.

Read all FAQs