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Best Mortgage Brokers in Syracuse

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Approved Credit Services, Inc. logo
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License Verified:

License: 9604

Nationwide Multistate Licensing System and Registry

Approved Credit Services, Inc.

2572 Erie Boulevard East, Syracuse, NY 13224
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  • New Construction
  • Refinance

Business Description

Founded in 1994, Approved Credit Services, Inc. is a mortgage broker specializing in the manufactured home finance business. Serving the community of Syracuse, its team of professional loan brokers assists homebuyers in understanding their financial situation regardless of their previous financial problems. The company offers comprehensive loan programs for manufactured homes in manufactured home communities, private properties, or owned lands. Approved Credit Services, Inc. is licensed to operate in Ohio, South Carolina, and Virginia.

License Verified:

License: 9604

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 (124)
Yelp
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.
5.0
Responsiveness
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Detail
Commonfund Mortgage Corp - Syracuse logo
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License Verified:

License: 53923

Nationwide Multistate Licensing System and Registry

Commonfund Mortgage Corp - Syracuse

717 Erie Boulevard West, Syracuse, NY 13204
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  • Refinance

Business Description

Located in Syracuse, Commonfund Mortgage Corp. is a mortgage lender that has been in operation for more than 35 years. Loan program options include 15-year fixed-rate loans, 30-year fixed-rate loans, 30-year fixed-rate FHA loans, and 30-year fixed-rate VA loans. It also assists homeowners in refinancing outstanding mortgages. All processing and underwriting are done by Commonfund Mortgage Corp. in-house. The firm is an agent of Title Insurance Company and Westcor Land.

License Verified:

License: 53923

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
Google
4.0 / 5 (108)
Facebook
4.0 / 5 (48)
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.
4.0
Responsiveness
Friendliness
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––
Homestead Funding Corp - East Syracuse, NY logo
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License Verified:

License: 3232

Nationwide Multistate Licensing System and Registry

Homestead Funding Corp - East Syracuse, NY

6333 New York 298, East Syracuse, NY 13057
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  • Refinance
  • Multi-Family Loans

Business Description

Homestead Funding Corp. in East Syracuse is a mortgage broker that provides mortgage financing solutions to clients in the metro and nearby communities. The company has been operating since 2005 and has helped thousands of clients finance their residential properties and refinance their mortgages. The company offers conventional and government loan programs together with its own formulated HomeStyle Renovation and HomeReady loans. It also offers bond programs such as CHFA, Florida Housing, and SONYMA.

License Verified:

License: 3232

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
1.0 / 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
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Detail
OwnersChoice Funding logo
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License Verified:

License: 56538

Nationwide Multistate Licensing System and Registry

OwnersChoice Funding

135 Old Cove Road, Liverpool, NY 13090
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  • Refinance

Business Description

OwnersChoice Funding offers a variety of mortgage solutions to clients across Syracuse and the surrounding areas. The company guides clients on fixed-rate loans, VA loans, USDA loans, adjustable-rate mortgages, and FHA loans. OwnersChoice Funding helps with refinancing, repayment, and loan modifications. It also provides customized mortgage products for credit unions, like training and partnership programs, loan servicing and management, collections, and secondary market solutions. Online mortgage application is available for the client's convenience.

License Verified:

License: 56538

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 (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
Paragon Home Loans logo
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License Verified:

License: 33052

Nationwide Multistate Licensing System and Registry

Paragon Home Loans

225 Greenfield Parkway, Liverpool, NY 13088
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  • Refinance

Business Description

Paragon Home Loans is a mortgage banker that has been assisting clients in achieving their dream home, through its residential mortgage services since 1976. It serves the communities of Syracuse and other cities in New York. It helps with a wide range of loan options such as USDA, FHA, VA, as well as HomeReady loans. Paragon Home Loans has partnered with several lenders to help clients craft a personalized program that matches their unique needs.

License Verified:

License: 33052

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 (112)
Facebook
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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Pete Caspari logo
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License Verified:

License: 279092

Nationwide Multistate Licensing System and Registry

Pete Caspari

5701 Enterprise Parkway, East Syracuse, NY 13057
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  • Refinance

Business Description

Pete Caspari is a loan officer at Movement Mortgage. He offers several mortgage loan programs to clients in Syracuse, including FHA, conventional, condo, cash-out refinance, high balance, and jumbo. He also assists individuals looking for HomeReady, new construction, USDA, streamline refinance, and VA loan programs. Additionally, he caters to individuals ages 62 and older who want to apply for reverse mortgage loans. Caspari also helps in completing pre-approval requests and comparisons of mortgage interests and terms.

License Verified:

License: 279092

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 (12)
Facebook
5.0 / 5 (4)

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
Premium Mortgage Corporation logo
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License Verified:

License: 66487

Nationwide Multistate Licensing System and Registry

Premium Mortgage Corporation

5000 Campuswood Drive, East Syracuse, NY 13057
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  • Refinance

Business Description

Premium Mortgage Corporation is a home loan specialist with offices across New York State. Whether clients are purchasing or refinancing, its team guides them along the loan process, including in-house underwriting and processing. The company also offers credit counseling services. Premium Mortgage Corporation has won numerous awards, including #1 Mortgage Lender by Rochester Business Journal. Donna Maxwell, the firm's Syracuse branch manager, has been working in the lending industry for over two decades.

License Verified:

License: 66487

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
4.0 / 5 (167)

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
––
Sefcu Mortgage Services logo
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License Verified:

License: 309847

Nationwide Multistate Licensing System and Registry

Sefcu Mortgage Services

200 Salina Meadows Parkway, Syracuse, NY 13212
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  • New Construction
  • Refinance

Business Description

Sefcu Mortgage Services is a business that delivers a wide range of mortgage products for customers in Syracuse and nearby communities. The different loan programs available are FHA, conventional, USDA, VA, Jumbo, and Homebuyer Dream Program. One of the company's mortgage loan originators, Alexandra Agnos, started dealing with mortgages and managing escrow accounts about a decade ago. She is equipped with product knowledge and has experience with refinances, investment properties, and starter home purchases.

License Verified:

License: 309847

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.
4.1
Facebook
2.0 / 5 (251)
Google
4.0 / 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
Upstate Premier Mortgage logo
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License Verified:

License: 1018489

Nationwide Multistate Licensing System and Registry

Upstate Premier Mortgage

57 East Genesee Street, Baldwinsville, NY 13027
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  • Reverse Mortgages

Business Description

Upstate Premier Mortgage is a full-service brokerage that provides financing options for homebuyers in Syracuse. Among the products it offers are government-backed loans such as USDA, FHA, and VA loan programs. In addition, its team of mortgage advisors helps clients apply for Freddie Mac and Fannie Mae loans, and they also assist homeowners in the refinancing process. They pursue continuing education to keep themselves updated on available loan programs. Upstate Premier Mortgage has been in service since 2013.

License Verified:

License: 1018489

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.
4.3
Google
4.0 / 5 (56)

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.

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