Expertise.com

2024

Last updated:

Best Mortgage Brokers in Toledo

Our Recommended Top 8

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

78Reviewed

50Curated

8Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1021 Sandusky Street, Perrysburg, OH 43551
WebsiteLicense: 2334

Expertise.com Rating

Review Sources

Google
5.0 (45)
Facebook
4.0 (37)

Why choose this provider?

GVC Mortgage is a mortgage lender serving the Toledo metro. Its mortgage consultants and loan officers help its clients secure the right home loan options, whether FHA, USDA, VA, jumbo, or conventional loans. It also has refinance options for homeowners who want to use equity, reduce their mortgage payments, or shorten their mortgage terms. The company has 25 years of experience in the industry and was awarded by Ellie Mae as a Hall of Fame Inductee for Exceptional Achievement in Loan Quality in 2015.

  • Refinance

6546 Weatherfield Court, Maumee, OH 43537
WebsiteLicense: RM.804530.000

Expertise.com Rating

Review Sources

Google
5.0 (124)
Facebook
5.0 (40)

Why choose this provider?

Capital Home Loans is a mortgage company assisting the residents of Toledo and the surrounding areas. The firm offers conventional loans, VA loans to veterans and those still in the force, FHA loans to families trying to save, USDA loans to those planning to buy properties in the region, and mortgage refinancing to interested customers. Capital Home Loans is owned by Kevin Robinson, a mortgage loan officer. Previous clients have commended his company's process in securing a loan and how well-organized its staff is.

  • Refinance

3230 Central Park West, Toledo, OH 43617
WebsiteLicense: 355733

Expertise.com Rating

Review Sources

Google
5.0 (12)
Facebook
5.0 (5)
Yelp
5.0 (1)

Why choose this provider?

Ron Erdmann is a mortgage professional serving clients in Toledo and the surrounding areas. He has been in the industry for over 40 years, helping clients by providing various loan options and integrating the loan into the client's overall long and short-term financial plan. Erdmann is also a loan partner and current branch manager for Benchmark Mortgage, a full-service mortgage banker established in 1999. Moreover, he is licensed to operate in multiple states, including Ohio, Florida, and Indiana.

  • Reverse Mortgages

1715 Indian Wood Circle, Maumee, OH 43537
WebsiteLicense: 1844646

Expertise.com Rating

Review Sources

Google
5.0 (6)

Why choose this provider?

Your Mortgage Group, LLC, is a mortgage broker that caters to the community in Toledo and the surrounding areas. The company assists clients in choosing the right loan program that fits their budgets. Its offered loan programs are reverse mortgage, rehab loan, new construction loan, non-QM loan, USDA, and conventional loan. It also assists in FHA, VA, doctor's loans, and bank statement loan programs. Your Mortgage Group's current president, Stephen Luda, has over 11 years of experience in the industry.

  • Refinance

7555 Airport Highway, Holland, OH 43528
WebsiteLicense: 275577

Expertise.com Rating

Review Sources

Google
5.0 (20)
Facebook
3.3 (9)

Why choose this provider?

Greentree Mortgage Services is a mortgage lender that serves clients in Toledo. It specializes in offering FHA, VA, and USDA loans to homeowners and homebuyers, in collaboration with real estate agents, financial planners, and business managers. The couple Shane and Janelle Marzullo, who have more than 20 years of experience in the lending industry, established the business in 1999. They have created proprietary systems and programs that simplify the loan process. Shane serves as the chairman of the Ohio Association of Mortgage Professionals.

  • New Construction
  • Refinance

3306 Executive Parkway, Toledo, OH 43606
WebsiteLicense: 728213

Expertise.com Rating

Review Sources

Zillow
5.0 (7)
Facebook
5.0 (1)

Why choose this provider?

Patricia Cary is an originator from PrimeLending serving clients in Toledo. Under this company, Cary helps prospective home buyers and current homeowners obtain a loan that suits their current financial situation. She also guides her clients through the process of qualifying for their chosen loan through an online platform called Loanplicity. With more than three decades' worth of knowledge and expertise, Cary can handle various loan products, including FHA and USDA home loans, conventional loans, and adjustable-rate mortgages.

  • New Construction
  • Refinance

3230 Central Park West, Toledo, OH 43617
WebsiteLicense: 355733

Expertise.com Rating

Review Sources

Google
5.0 (15)
Yelp
5.0 (1)

Why choose this provider?

Benchmark Mortgage has been a local mortgage lender serving homebuyers in the Toledo area for 18 years. The company offers the Lifetime Loan client care policy allowing its loan experts to guide clients in creating a loan, tracking the mortgage-backed securities movement, and using tools to monitor the market related to the client's mortgage. It also offers The Veterans Home Front, which helps veterans to own a home. One of Benchmark Mortgage's co-founders started an annual event for veterans, Boot'n N Shoot'n.

  • Refinance

1715 Indian Wood Circle, Maumee, OH 43537
WebsiteLicense: 1579

Expertise.com Rating

Review Sources

Google
4.0 (8)

Why choose this provider?

Equity Resources, Inc., is a mortgage brokerage company that serves individuals and families in Toledo and the surrounding communities. It offers assistance in purchasing, renovating, and refinancing homes with its variety of loan programs. The company handles FHA, VA, and USDA, renovation loans as well as 30-15 year fixed and 30-15 year adjustable-rate mortgages. Founded in 1993, Equity Resources is licensed in 17 states plus Washington D.C. It is an approved seller of Freddie Mac, Fannie Mae, and Ginnie Mae.

  • Refinance
  • Purchase Transactions

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.