Expertise.com

2024

Last updated:

Best Mortgage Brokers in Albany

Our Recommended Top 14

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

36Reviewed

27Curated

14Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

751 Warren Street Front, Hudson, NY 12534
WebsiteLicense: 5564

Expertise.com Rating

Why choose this provider?

Valley Mortgage Company Inc. serves the people of Albany and the surrounding areas. It works with clients looking to buy a new house or an investment property, advising and guiding them through the loan purchasing and closing processes. The firm's loan officer assesses borrowers' personal information, such as employment history, income level, savings, and credit records, to recommend the most suitable mortgage option and payment terms for them. Valley Mortgage Company is affiliated with various organizations, including the National Association of Mortgage Brokers.

  • New Construction

4 Winners Circle, Albany, NY 12205
WebsiteLicense: 290363

Expertise.com Rating

Review Sources

Google
4.8 (107)
Zillow
5.0 (28)
Yelp
1.0 (2)

Why choose this provider?

Homeowners Advantage caters to the mortgage needs of individuals in Albany. The mortgage broker provides various loan options, including VA, FHA, and USDA rural loans. Its team assists first-time homebuyers in finding loan programs with low down payments and options with no private mortgage insurance. Homeowners Advantage was established in 2010 with the mission of helping clients achieve their dream homes and making real estate loan options affordable through its refinancing programs. It has closed over 2,000 loans for local clients.

  • Refinance

134 4th Ave, Albany, NY 11706
WebsiteLicense: 23084

Expertise.com Rating

Review Sources

Google
5.0 (74)
Yelp
4.5 (6)

Why choose this provider?

Artisan Mortgage serves residents in Albany who need home financing options. The team has specialty products aimed at inexperienced homebuyers and those with existing debts that need restructuring. Government-backed programs that are fit for military veterans and agricultural clients are also available. Artisan Mortgage is led by Jim Barry, who has been in the lending industry for more than two decades. It has offices in two states and was named the best mortgage company by the Long Island Press.

  • Refinance

380 Broadway, Saratoga Springs, NY 12866
WebsiteLicense: 228206

Expertise.com Rating

Review Sources

Facebook
5.0 (11)
Yelp
5.0 (4)

Why choose this provider?

The Funding Store is a mortgage brokerage firm in Albany. It uses its network of lenders to help first-time and experienced homebuyers find the best mortgage program for their needs. Its home purchase loans include fixed-rate, Jumbo, FHA, VA, and investment property mortgages. The team also offers cash-out refinance to borrowers who want to lower their interest rates, consolidate debt, and gain equity for home improvements. Gardner Cummings, the firm's president, was a licensed real estate broker for over 17 years prior to joining the firm in 2010.

  • Refinance

125 Wolf Road Suite 217, Albany, NY 12205
WebsiteLicense: 46813

Expertise.com Rating

Review Sources

Facebook
5.0 (37)
Google
4.7 (29)

Why choose this provider?

Northeast Funding Services is a mortgage brokerage that caters to the housing needs of its clients in Albany. The company offers government-backed loans, such as VA, FHA, and USDA. In addition, it has reverse and conventional mortgages on hand. Northeast Funding Services provides various refinancing options for those who want to get lower interest rates and monthly payments. The home lending business has been in the mortgage industry for over two decades and is also licensed to operate in Connecticut.

  • Refinance

646 Plank Road, Suite 102, Clifton Park, NY 12065
WebsiteLicense: 872824

Expertise.com Rating

Review Sources

Zillow
5.0 (83)
Google
5.0 (45)
Facebook
4.7 (20)

Why choose this provider?

The Mortgage Place Inc. caters to individuals and families throughout Albany and the surrounding metros. The mortgage firm works closely with clients to determine their goals, needs, and financial strategies, whether they are purchasing or refinancing a home. Its team also discusses different mortgage programs in detail, helping clients select the most appropriate option for their particular requirements. These include conventional fixed- and adjustable rate mortgages, USDA, VA and VA Renovation, and reverse mortgages. The firm also offers commercial mortgage financing.

  • Refinance

440 Route 146, Lower Level, Clifton Park, NY 12056
WebsiteLicense: 1948769

Expertise.com Rating

Review Sources

Facebook
5.0 (36)
Google
5.0 (5)

Why choose this provider?

Home Choice Capital, Inc., is a mortgage brokerage catering to clients in Albany. It offers a variety of loan programs for individuals looking to purchase a home or refinance their existing mortgages, such as FHA, VA, USDA, and investment property loans. The company also offers several Fannie Mae and Freddie Mac loan programs that require only a low down payment for home purchases. Nancy Herrmann, Home Choice Capital's owner, is a mortgage broker with 15 years of experience in the insurance, private financing, and mortgage industry.

  • Refinance

1218 Central Avenue Suite 2, Albany, NY 12205
WebsiteLicense: 35333

Expertise.com Rating

Review Sources

Google
4.4 (27)
Facebook
5.0 (23)
Yelp
1.0 (1)

Why choose this provider?

Empower Mortgage, LLC, caters to families and individuals in and around Albany. Its team provides mortgage assistance to help investors and buyers achieve their dream homeownership. The company processes USDA, FHA, and VA mortgage products. It also serves clients who want to purchase commercial properties. In addition, it works with those seeking refinancing solutions and assists them in creating strategies on how they consolidate their debts. Empower Mortgage partners with Coldwell Banker and ADK Realty.

  • Refinance

1547 Route 9, Clifton Park, NY 12065
WebsiteLicense: 29600

Expertise.com Rating

Review Sources

Google
4.3 (22)

Why choose this provider?

1st Priority Mortgage, Inc., caters to people in Albany who need assistance from mortgage brokers. The team has government-backed loans fit for military combat veterans and agricultural property buyers. It also offers refinancing solutions and helps with conversion between fixed and adjustable rate mortgages to ease clients' burdens of compliance. Online calculators are available to provide initial information and computations before formal meetings. 1st Priority Mortgage was established in 1986 and is affiliated with the Real Estate Services Providers Council.

  • Reverse Mortgages
  • Refinance

20 King Arthur Way, Hudson, NY 12534
WebsiteLicense: 71528

Expertise.com Rating

Review Sources

Google
5.0 (4)

Why choose this provider?

First Hudson Mortgage Company employs brokers who serve the population of Albany. Together with its private, local, and national lender partners, the business offers loans for investment and owner-occupied residential properties. It also has new construction and renovation mortgages for one- to four-family homes. The company focuses on income verification for self-employed borrowers and possesses the underwriting experience and knowledge to address the challenges unique to them. Founder and owner, Janet Marsh Ebel, has more than 28 years of mortgage industry experience.

  • Refinance

404 Troy Schenectady Rd Ste 1, Latham, NY 12110
WebsiteLicense: 25871

Expertise.com Rating

Review Sources

Google
4.8 (26)
Zillow
4.8 (17)
Facebook
5.0 (6)

Why choose this provider?

Freedom One Funding is an independent mortgage broker serving the homeownership goals of individuals and families in Albany. Through its network of lenders, its team of professionals shops for financing products such as adjustable-rate mortgages, FHA streamline, HARP, and USDA, VA, and conventional loans. They design solutions for various types of borrowers, including first-time or second-home buyers, investors, and property rehabbers. Freedom One Funding is an owner-operated business catering to the community's needs since 2002.

  • Refinance

1202 Troy Schenectady Rd, Bldg 3, Latham, NY 12110
WebsiteLicense: 55185

Expertise.com Rating

Review Sources

Facebook
4.7 (148)
Google
4.9 (144)
Zillow
5.0 (92)

Why choose this provider?

Maple Tree Funding is a locally owned mortgage brokerage agency that serves customers in Albany. It provides individualized plans for home loans and refinancing. Its loan options include fixed-rate and adjustable-rate conventional mortgages, jumbo, conforming and non-conforming, and government loan types, including FHA, VA, and USDA. It also assists first-time home buyers and clients with less-than-perfect credit reports. Maple Tree Funding was established in 2003 and is a member of the National Association of Mortgage Brokers.

  • Refinance

100 Saratoga Village Blvd Suite 37T, Malta, NY 12020
WebsiteLicense: 709537

Expertise.com Rating

Review Sources

Google
5.0 (18)
Zillow
5.0 (7)
Yelp
5.0 (3)

Why choose this provider?

Capital New York Home Advantage LLC is a mortgage broker that lists the Albany metro as one of its service areas. It arranges different kinds of home financing solutions, including reverse mortgages, portfolio loans, and USDA, FHA, or VA programs. Additionally, the company assists citizens from other countries, clients planning renovations, and buyers of mobile or modular homes, condos, and investment properties. Owner and mortgage originator Michael Albano has over 15 years of experience in the industry.

  • Refinance

43 British American Blvd., Suite 5, Latham, NY 12110
WebsiteLicense: 1394615

Expertise.com Rating

Review Sources

Google
5.0 (163)
Facebook
4.9 (82)

Why choose this provider?

ClearPath Mortgage Solutions helps Albany clients find financing options for new homes and existing loans. Its loan officers guide homebuyers in the process by identifying homeownership goals, comparing rates and terms, evaluating finances, reviewing applications, and working with Realtors to secure dream properties. They have a digital learning center that educates people on different mortgage options and home-buying strategies. The company is a Certified Veterans Lending Specialist. It also supports veteran-focused nonprofits, like Operation At Ease, VCHC, and #HicksStrong.

  • Refinance

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.