Expertise.com

2024

Last updated:

Best Mortgage Brokers in Rio Rancho

Our Recommended Top 5

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

26Reviewed

17Curated

5Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

9680 Eagle Ranch Rd. Unit 6, Albuquerque, NM 87114
WebsiteLicense: 195794

Expertise.com Rating

Review Sources

Zillow
4.8 (26)
Facebook
5.0 (20)
Yelp
5.0 (5)

Why choose this provider?

Financial Mortgage Solutions, LLC, is a firm that serves first-time and seasoned homebuyers in Rio Rancho. It offers different types of mortgage programs for purchasing and refinancing, including conventional, FHA, VA, USDA, and jumbo. It assists with the mortgage process, from documentation and appraisal to underwriting and closing. Its team also provides renovation mortgages to cover home improvements and repairs. Financial Mortgage Solutions was established by Brian Mozley, a loan officer with over 12 years of industry experience.

  • Refinance

4811B Hardware Dr NE, Suite 1, Albuquerque, NM 87109
WebsiteLicense: 222955

Expertise.com Rating

Review Sources

Google
5.0 (143)
Facebook
5.0 (20)

Why choose this provider?

New Mexico Mortgage Advisors offers services to Rio Rancho and the neighboring communities. It helps clients purchase townhouses, multi- and single-family homes, condominium units, and manufactured houses by offering various mortgage loan options, including FHA, USDA, and VA. Conventional loan programs are also available. Its team is available to refinance clients' existing loan options to reduce their monthly payments and change their rates. The company has more than 12 years of experience in the mortgage field.

  • Refinance
  • New Construction

Rio Rancho, NM 87144
WebsiteLicense: 425028

Expertise.com Rating

Review Sources

Facebook
5.0 (6)

Why choose this provider?

Margo Sanchez assists Rio Rancho residents who need a mortgage broker's services. She is a senior mortgage advisor under the NEXA Mortgage umbrella and has home purchase products, including fixed-rate programs with 15- o 30-year terms. FHA and VA loans are available, and the team has jumbo options for highly valuable assets. Margo Sanchez also refinances existing debts to transform them into less onerous obligations. Her site offers tools and resources to educate potential clients about the relevant aspects of a real estate transaction.

  • Refinance

4801 Lang Ave. Suite 110, Albuquerque, NM 87109
WebsiteLicense: 224396

Expertise.com Rating

Review Sources

Zillow
5.0 (340)
Google
5.0 (177)

Why choose this provider?

Infiniti Mortgage LLC is a brokerage company that works for families and individuals in Rio Rancho. It offers a variety of residential real estate purchasing options, such as FHA, VA, and conventional loans. It also has jumbo mortgages for first-time homebuyers. The company provides refinancing services to help borrowers adjust their monthly payments or change the duration of their loans. Infiniti Mortgage has been responding to the financial needs of clients across New Mexico since 2000.

  • Refinance

6330 Riverside Plaza Lane NW Suite 175, Albuquerque, NM 87120
WebsiteLicense: 253772

Expertise.com Rating

Review Sources

Google
5.0 (107)
Facebook
4.9 (53)
Zillow
5.0 (25)

Why choose this provider?

Premier Choice Mortgage is an Albuquerque-based business that deals with clients throughout Rio Rancho. It educates them on the mortgage application process and prepares relevant documents like pre-approval letters. The company provides a range of loan products, from USDA, FHA, and VA mortgages to jumbo programs. It also helps homeowners reduce their interest rates or modify their loan length through guidance with the refinancing process. Kimberly Kissane, its owner, has spent over 16 years in the industry. She has a background in real estate investing.

  • Refinance
  • New Construction

FAQs

  • 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.