Best Mortgage Brokers in Rochester

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Moneyline New York, LLC logo
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License Verified:

License: 35662

Nationwide Multistate Licensing System and Registry

Moneyline New York, LLC

502 Audubon Trail, Rochester, NY 14622
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  • Refinance

Business Description

Moneyline New York, LLC, has been helping clients achieve homeownership through mortgage solutions for nearly two decades. With a network of over 20 lenders, it offers a variety of loan programs tailored to each customer's specific situation. These options include FRMs and ARMs, as well as interest-only mortgages, balloon mortgages, VA, and FHA loans. Clients can apply through the website and receive pre-qualifications on the same day. Moneyline New York is located in Rochester and offers mortgage loans for customers throughout the entire state.

License Verified:

License: 35662

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 (8)
Oxford Capital logo
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License Verified:

License: 19883

Nationwide Multistate Licensing System and Registry

Oxford Capital

16 West Main Street, Rochester, NY 14614
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  • Refinance

Business Description

Established in 2014, Oxford Capital is a mortgage brokerage firm based in Rochester serving residential and commercial clients with their real estate financing needs. Its mortgage specialists are equipped to handle conforming conventional loans, such as Fannie Mae and Freddie Mac, as well as non-conforming conventional loans, which are funded by lenders. Other areas of specialization include FHA, USDA, VA, investor, and commercial loans. Oxford Capital also provides mortgage loans to practicing physicians and residents.

License Verified:

License: 19883

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.
3.9
Google
4.0 / 5 (48)
Facebook
5.0 / 5 (3)
Yelp
1.0 / 5 (3)

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
Preferred Mortgage Corporation of New York logo
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License Verified:

License: 44812

Nationwide Multistate Licensing System and Registry

Preferred Mortgage Corporation of New York

1674 Empire Blvd suite 200, Webster, NY 14580
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  • Reverse Mortgages

Business Description

Preferred Mortgage Corporation of New York is a mortgage broker that has been serving clients in Rochester and the surrounding areas since 1992. The mortgage loan programs it offers include conventional, commitment letter first, FHA, jumbo, and high-balance conventional. In addition, it provides mortgage refinancing, reverse mortgages, and USDA and VA loans. Preferred Mortgage Corporation of New York is staffed by loan advisors who offer more than 50 years of combined experience in the mortgage industry.

License Verified:

License: 44812

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
4.6 / 5 (10)
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
Rochester Home Equity, Inc. logo
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License Verified:

License: 20517

Nationwide Multistate Licensing System and Registry

Rochester Home Equity, Inc.

180 Office Park Way, Pittsford, NY 14534
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  • New Construction
  • Refinance

Business Description

Rochester Home Equity, Inc., is a residential mortgage firm that serves the Rochester community. It offers an array of loan options for various purposes including home purchasing, mortgage refinancing, and home equity cash-out. Its loan officers guide clients through the pre-qualifying process and help them make an informed decision on the type of mortgage program that suits their needs. Its website also has mortgage calculators that clients can use to determine the mortgage amount that they will be able to afford.

License Verified:

License: 20517

Nationwide Multistate Licensing System and Registry

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
––
Tier One Mortgage, LLC logo
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License Verified:

License: 37972

Nationwide Multistate Licensing System and Registry

Tier One Mortgage, LLC

1120 Crosspointe Lane, Webster, NY 14580
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  • Refinance
  • Purchase Transactions

Business Description

Established in 2007, Tier One Mortgage, LLC, is a mortgage brokerage firm that caters to clients in Rochester and the surrounding communities. It assists first-time homebuyers in purchasing a new home. It also handles mortgage refinance for clients who want to reduce the interest rates or lower their monthly payments. Cash-out refinance programs, which can be used for home remodeling or debt consolidation, are also available. Its president, Michael Catalino, has been in the mortgage industry for over 26 years.

License Verified:

License: 37972

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 (20)

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
Tompkins Lending logo
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Tompkins Lending

115 Liberty Pole Way, Rochester, NY 14604
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  • Refinance

Business Description

Tompkins Lending offers loan programs for borrowers and builders in Rochester. In particular, its mortgage solutions involve land development loans, foreclosure bailouts, and gap financing. It also helps inexperienced house investors in obtaining fix-and-flip loans. Its owner, Tim Tompkins, has been working as a mortgage broker and direct private lender since 1986. He has also served as a leader and volunteer for multiple non-profit organizations, such as Empire State Pride Agenda and Community Health Network.

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 (3)

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
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Frequently Asked Questions

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.

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.

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.

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