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Best Mortgage Brokers in Queens

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Canyon Mortgage logo
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License Verified:

License: 28873

Nationwide Multistate Licensing System and Registry

Canyon Mortgage

2001 Marcus Ave Suite North 121, Lake Success, NY 11042
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  • Refinance
  • Reverse Mortgages

Business Description

Canyon Mortgage offers loan programs to Queens residents. Its mortgage options include fixed, adjustable-rate, conventional, jumbo, FHA, and VA loans. Its agents also provide additional reverse mortgages, construction loans, and commercial loans. Canyon Mortgage supports military servicemen and women and is a member of The Veterans Advocacy and Benefits Association. This mortgage broker, established in 2007, has offices in Lake Success, Hollis, and Elmont. It is also licensed in California, Pennsylvania, Connecticut, Georgia, Florida, New Jersey, and Virginia.

License Verified:

License: 28873

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
4.8 / 5 (78)
Facebook
3.9 / 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
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Channel Mortgage logo
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License Verified:

License: 4138

Nationwide Multistate Licensing System and Registry

Channel Mortgage

55-25 69th Street 1st Floor, Maspeth, NY 11378
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  • Refinance
  • Reverse Mortgages

Business Description

Channel Mortgage handles clients in the Queens metro who need mortgage broker services. The company's mortgage broker helps coordinate the process between the client and the lender, including the trust company, credit union, and mortgage corporation. The mortgage broker reviews the clients' finances and matches them with a lender whose mortgage loan corresponds with the clients' situation. Channel Mortgage also helps clients with refinancing, saving them money, and leveraging the equity in home improvement.

License Verified:

License: 4138

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
4.8 / 5 (32)

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
––
GoRascal logo
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License Verified:

License: 2072896

Nationwide Multistate Licensing System and Registry

GoRascal

285 N 6th Street 2nd Floor, Brooklyn, NY 11211
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  • Refinance
  • Home Loans
  • Residential Mortgages

Business Description

GoRascal is a mortgage broker catering to the needs of clients in Queens. It helps clients in getting suitable loans from various lenders, guiding them through each step of the application from pre-approval to closing. Its officers aid in shopping for new homes, in seeking personalized and most preferable terms. The company pursues to provide clients with a turn time of eight days. GoRascal has been of service for 20 years to individuals and homeowners in other states like New Jersey, Connecticut, and Pennsylvania.

License Verified:

License: 2072896

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
4.9 / 5 (287)
Facebook
5.0 / 5 (49)

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
––
Grayton Mortgage logo
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License Verified:

License: 1971609

Nationwide Multistate Licensing System and Registry

Grayton Mortgage

37 Greenpoint Ave. Suite 414, Brooklyn, NY 11222
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  • New Construction
  • Reverse Mortgages

Business Description

Grayton Mortgage is a local company that serves clients in Queens, Brooklyn, and other areas throughout New York City. It offers personalized and simplified residential mortgages and home loans, as well as other purchase and refinance financial products to individuals and families. The company's mortgage brokers are equipped to assist property investors and buyers throughout the process of finding suitable programs parallel to their unique needs, preferences, and budgets. Founder Kevin Leibowitz has been in the industry for more than 20 years.

License Verified:

License: 1971609

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 (26)
Yelp
5.0 / 5 (10)

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
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Detail
GuardHill Financial Corp. logo
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License Verified:

License: 1609

Nationwide Multistate Licensing System and Registry

GuardHill Financial Corp.

140 East 45th Street, 31st Floor, New York, NY 10017
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  • Refinance

Business Description

GuardHill Financial Corp. has been providing financial services to Queens customers since 1992. It offers various mortgage products from FHA, condo, and multi-family to construction, investment property, and commercial real estate loans. It also assists self-employed and irregular-income workers, foreign nationals, and financial advisors who serve high-profile clients. GuardHill's approach involves combining brokerage and banking services to offer a broad range of products. Its team members have shared their expertise publicly through Forbes Magazine, NBC, and National Mortgage News.

License Verified:

License: 1609

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
Facebook
5.0 / 5 (48)
Jet Direct Mortgage logo
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License Verified:

License: 3542

Nationwide Multistate Licensing System and Registry

Jet Direct Mortgage

111 West Main Street, Suite 110, Bay Shore, NY 11706
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  • Residential Mortgages
  • Refinancing
  • VA Financing
  • FHA Loans

Business Description

Jet Direct Mortgage helps the residents of Queens achieve homeownership through home financing. The mortgage lender offers a wide array of financing options, including conventional, FHA, VA, USDA, and jumbo home loans, as well as FHA 203k loans for fixer-upper houses. It also works with homeowners needing to refinance their house or applying for a reverse mortgage. Jet Direct Mortgage has been nominated as Bethpage Best of Long Island in the mortgage company category for 2021 and 2022.

License Verified:

License: 3542

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
Google
4.6 / 5 (86)
Facebook
4.8 / 5 (34)

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
Lifestyle Funding Solutions logo
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License Verified:

License: 136725

Nationwide Multistate Licensing System and Registry

Lifestyle Funding Solutions

95-20 63rd Road, Suite P, Rego Park, NY 11374
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  • Refinance
  • Multi-Family Loans
  • Commercial Loans
  • Home Loans

Business Description

Lifestyle Funding Solutions is a mortgage brokerage firm that serves clients in Queens and the surrounding areas. Working with more than a hundred investors, the firm can provide a wide variety of mortgage programs, including fixed- and adjustable-rate mortgages, conventional loans, jumbo loans, VA loans, FHA loans, and home equity lines. Its team works with customers who are purchasing a home for the first time as a primary residence or as an investment and those seeking to refinance an existing mortgage.

License Verified:

License: 136725

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Lyons Mortgage Services, Inc. logo
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License Verified:

License: 58702

Nationwide Multistate Licensing System and Registry

Lyons Mortgage Services, Inc.

4802 25th Avenue, Suite 303, Astoria, NY 11103
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  • Refinance

Business Description

Lyons Mortgage Services, Inc., has been serving the Queens community since 1996. It assists in securing mortgages by offering honest advice and sharing financial tools to help clients make sound financial decisions. The company has fixed-rate and adjustable-rate loans for both residential and commercial properties. Additionally, it has refinancing options for clients to build equity faster, get lower interest rate mortgages, or switch to different rate types. Lyons Mortgage Services is also licensed in Connecticut and California.

License Verified:

License: 58702

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
Facebook
5.0 / 5 (16)
Yelp
3.5 / 5 (15)
Google
5.0 / 5 (10)

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
Merita Capital Funding logo
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License Verified:

License: 1756116

Nationwide Multistate Licensing System and Registry

Merita Capital Funding

45 Middle Neck Road Ste. 210, Great Neck, NY 11021
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  • Refinance
  • VA Financing
  • Purchase Loans
  • FHA Loans

Business Description

Merita Capital Funding LLC is a mortgage company that serves clients in Queens and the surrounding areas. It provides a broad range of loan programs and services, including FHA, VA, USDA, and jumbo mortgage services. The company's staff guides its clients by educating them on the various types of loans and credit options available and assisting them in identifying suitable financing options that meet their needs. Merita Capital Funding has been certified by the New Jersey State Department of Financial Services.

License Verified:

License: 1756116

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 (61)
Facebook
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
––
New York Mortgage Exchange logo
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License Verified:

License: 93848

Nationwide Multistate Licensing System and Registry

New York Mortgage Exchange

369 Avenue X, Brooklyn, NY 11223
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  • Refinance
  • Purchase

Business Description

New York Mortgage Exchange is a brokerage company in Queens, offering various mortgage options under its loan programs. Its terms for a conventional fixed-rate mortgage range from 10 up to 40 years, and qualified military veterans and their families availing a VA mortgage loan can loan up to $417,000, as long as it is for their primary residences. The company also offers reverse mortgage loans, home equity loans, adjustable-rate mortgages, and FHA mortgage loans.

License Verified:

License: 93848

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
5.0 / 5 (35)
Facebook
4.6 / 5 (21)
Yelp
5.0 / 5 (12)

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
Omni Mortgage logo
Visit WebsiteWebsite

License Verified:

License: 20542

Nationwide Multistate Licensing System and Registry

Omni Mortgage

118-18 101st Avenue, Richmond Hill, NY 11419
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  • Reverse Mortgages
  • Purchase

Business Description

Omni Mortgage is a family-operated and family-owned business that has been serving homeowners throughout the Queens metro for more than 25 years. It provides various loan programs, such as a reverse mortgage, VA, and FHA loans. It collaborates with several commercial and residential lenders to offer customers a customized loan program. The company also guides and educates clients in the entire process of home purchasing and refinancing. CEO Herman Singh has been working in the real estate industry since 1989.

License Verified:

License: 20542

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
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
Silver Fin Capital logo
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License Verified:

License: 12147

Nationwide Multistate Licensing System and Registry

Silver Fin Capital

11 Grace Avenue, Suite 408, Great Neck, NY 11021
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  • Refinance

Business Description

Silver Fin Capital offers mortgage loan options to the residents of Queens. The firm partners with more than 50 lenders, enabling their loan officers to find the loan product that matches the needs and financial capacity of the borrower. Its loan officers assist home buyers from finding the right mortgage to closing the deal. They also help homeowners looking to refinance their mortgage to lower their monthly repayments and interest rates or shorten their loan term. The firm has been in the industry for more than 15 years.

License Verified:

License: 12147

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 (161)

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
––
Summit Funding logo
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License Verified:

License: 52081

Nationwide Multistate Licensing System and Registry

Summit Funding

7030 137 Street, Kew Gardens Hills, NY 11367
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  • Refinance

Business Description

Summit Funding is a team of mortgage brokers serving the Queens metro. It offers a wide variety of mortgage services for clients, whether house flippers or first-time homebuyers, such as mortgage financing and calculating amortization. The team also helps in mortgage refinancing, including loan consolidation and loan program change. Summit Funding was established by Dave Steinberg in 1988. Steinberg is currently a faculty member at a university teaching personal finance and mortgage planning.

License Verified:

License: 52081

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 (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
––
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.

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