Expertise.com
2024

Last updated:

Best Mortgage Brokers in Erie

Our Recommended Top 4

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

28

Reviewed

18

Curated

4

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
8795 Peach St., Erie, PA 16509
  • Refinance

Why choose this provider?

Waters Lending Team addresses the real estate needs of families and individuals in Erie. It helps investors and homebuyers purchase their preferred living spaces through its mortgage solutions. The company offers a selection of mortgage products, including FHA, USDA, VA, super jumbo, conforming, and fixed- and adjustable-rate loans. It also guides borrowers in refinancing their loans to reduce their interest rates. Team leader Austin Waters is a mortgage broker who provides personalized mortgage solutions to enable customers to achieve their financial goals.

License Verified:

License: 1683328

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 (18)
Facebook
5.0 / 5 (5)

Website
410 Cranberry St #130, Erie, PA 16507
  • Refinance

Why choose this provider?

Alie Bard, a loan officer with Kash Mortgage Group Erie Branch, has been in the mortgage industry since 2009. She works with people in and around Erie who need assistance with their loan applications, whether for buying a home or refinancing one. Some of the mortgage programs she offers are VA IRRRL refinance, FHA, USDA, jumbo, and new construction loans. Bard is committed to working closely with borrowers throughout the loan process, from pre-approval to closing.

License Verified:

License: 1622143

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 (60)
Google
5.0 / 5 (7)
Zillow
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

Website
3330 West 26th Street Suite 14, Erie, PA 16506
  • Refinance

Why choose this provider?

Amanda Ransom is a Homestead Mortgage loan originator who offers custom financial solutions to people throughout Erie. She assists first-time and experienced homebuyers, refinancers, and property investors in obtaining tailored loans and cash-outs for their respective endeavors. She calculates each applicant's financial means and provides them with educative insights into local economic factors, like interest rate changes. Ransom also utilizes a variety of industry-related resources through Homestead Mortgage's affiliation with the National Association Of Mortgage Brokers and the National Reverse Mortgage Lenders Association.

License Verified:

License: 2079160

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

Website
8795 Peach Street, Erie, PA 16509
  • Refinance
  • New Construction

Why choose this provider?

Co/LAB Lending is a mortgage brokerage firm serving Erie and nearby areas. It offers a variety of mortgage solutions to individuals who are looking to buy a home or refinance their current home loan. Its loan programs include FHA, VA, jumbo, mortgage refinance, and home improvement loans. It works with more than 30 lenders to provide borrowers with a variety of loan options. Its broker and co-founder, Megan Marsh, is a mortgage professional with over 15 years of experience.

License Verified:

License: 1520524

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
4.9 / 5 (176)
Google
4.9 / 5 (112)

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

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.