Expertise.com

2024

Last updated:

Best Mortgage Brokers in Philadelphia

Our Recommended Top 13

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

362Reviewed

222Curated

13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
503 Bridle Path, West Chester, PA 19380
  • New Construction
  • Refinance
  • Reverse Mortgages

Why choose this provider?

Howard Financial is a mortgage broker company that serves its clients by simplifying and facilitating loan process applications. Founded in 1988, the company specializes in an extensive array of loan types and financing strategies such as conventional, FHA/VHA, jumbo loans, portfolio lending, and reverse mortgages. They guide their clients in selecting the mortgage plans that fit their individual preferences and needs. The company services are available to residents of Philadelphia and other nearby areas.

License Verified:

License: 28962

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 (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
401 Route 70 East, Cherry Hill, NJ 08034
  • Refinance

Why choose this provider?

7th Level Mortgage, LLC, is a veteran-owned brokerage delivering residential and commercial loan programs to clients in Philadelphia. It assists first-time homebuyers, new business owners, and individuals looking to refinance their loans. Its residential mortgage services include conventional, USDA, and VA loans. With more than 20 lenders in its network, 7th Level Mortgage likewise helps commercial investors find the right financing package by gathering the necessary documents and coordinating with selected banks until the deal is sealed.

License Verified:

License: 1003861

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

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
400 Sheppard Road, Voorhees, NJ 08043
  • Refinance

Why choose this provider?

Acre Mortgage offers a variety of loan options to clients in Philadelphia. This mortgage brokerage firm serves individuals who are buying, refinancing, or selling a home. Its team of mortgage advisors guides clients through every step of the loan process and offers continuous assistance even after settlement. It also provides clients with a monthly wealth digest to help them make informed financial decisions. It offers 30-year fixed-rate mortgage loans, jumbo loans, HARP loans, reverse mortgage loans, and VA loans.

License Verified:

License: 13988

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 (93)
Facebook
5.0 / 5 (9)

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
611 County Line Road, Southampton, PA 19006
  • Refinance

Why choose this provider?

Premium Mortgage Company has a team of licensed mortgage brokers trained to assist clients in finding the best mortgage quotes in the marketplace with the lowest rates and no hidden fees. The Huntingdon Valley company serves homeowners and first time home buyers in Philadelphia, Bucks County, and Montgomery County with a free prequalification process. Premium Mortgage Company specializes in short sales, refinancing, foreclosures, and loans from the FHA or VA.

License Verified:

License: 128096

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
3.7 / 5 (3)
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
400 Greenwood Avenue, Wyncote, PA 19095
  • New Construction
  • Refinance

Why choose this provider?

Arrivva is a full-service real estate and mortgage brokerage serving home buyers, sellers, and mortgagees in Philadelphia. Its broker, Fred Glick, specializes in veteran real estate and mortgages, and he has been involved with over two billion dollars of residential transactions since the 1980s. Arriva can help clients get underwritten pre-approval for conforming and jumbo loans through the Fannie Mae Desktop Underwriter and the Flagstar Bank. It can also assist home buyers with their conventional, FHA, and VA loans.

License Verified:

License: 1763843

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 (9)

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
103 Route 70 West, Evesham, NJ 08053
  • Refinance

Why choose this provider?

Evesham Mortgage is a mortgage broker serving prospective homebuyers in Philadelphia. With over 50 years of mortgage experience, the firm offers multiple loan options to help individuals achieve their dream homes. These loan programs include conventional, FHA, VA, USDA, and reverse mortgages. The company also employs a convenient mobile application, allowing clients to get real-time loan updates and communicate with their loan officers using the in-app messenger. Evesham Mortgage is also licensed to operate in both Florida and New Jersey.

License Verified:

License: 195400

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
Facebook
4.6 / 5 (8)
Yelp
3.5 / 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
1126 Horsham Road, Maple Glen, PA 19002
  • New Construction
  • Refinance
  • Commercial Loans

Why choose this provider?

Centennial Lending Group, LLC is a full-service mortgage company in Maple Glen offering conventional and conforming mortgage programs, FHA, VA, USDA, and Jumbo loans, and bond programs for qualified buyers. Alternative loan programs include Non-warrantable condominiums, foreign nationals, self-employed borrowers, and other special needs clients. Centennial Lending Group was featured in the September 2016 issue of Philadelphia Magazine as the employer of several recipients of the Five Star Professional Award.

License Verified:

License: 130562

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
4.8 / 5 (187)
Zillow
5.0 / 5 (122)
Facebook
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

Website
10 East Lancaster Avenue, Paoli, PA 19301
  • Refinance

Why choose this provider?

Old Glory Mortgage Inc. is a mortgage broker that has been in the business since 2007. Serving Philadelphia, it specializes in jumbo, conventional, and FHA residential mortgages, and it aims to help clients who normally couldn't qualify for mortgages due to credit history. These include individuals with as low as 500 credit scores, recent bankruptcies, foreclosures, or short sales. The company's loan options include adjustable-rate and fixed-rate mortgages. Additionally, the brokerage offers clients help with reverse mortgages and commercial loans.

License Verified:

License: 131293

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)
Yelp
5.0 / 5 (2)

Website
926 Bethlehem Pike, Erdenheim, PA 19038
  • Refinance

Why choose this provider?

Marathon Mortgage Services, Inc. opened in 1996 with the goal of making the mortgage experience better for their clients through personalized service to each and every person. The Erdenheim company measures their success after closing nearly $1.3 billion in residential mortgages by the fact that in 2012, 75% of their business came from referrals and repeat clients. Customers reported “appreciate the personal attention,” “great experience with Marathon,” and “at Marathon, I felt like I had allies.”

License Verified:

License: 131421

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
Yelp
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
12 Penns Trail, Newtown, PA 18940
  • New Construction
  • Refinance
  • Commercial Loans

Why choose this provider?

Capital Funding Mortgage is a mortgage broker serving individuals in Philadelphia. Some of its mortgage options are fixed-rate, adjustable-rate, and interest-only mortgages. It also helps clients with their FHA, VA, USDA, and jumbo loan applications. The professionals at this firm aim to provide efficient assistance throughout transactions. They use current mortgage technology, including mortgage calculators, mortgage processing software, and automated mortgage underwriting systems. Their online application takes about 12 minutes to finish.

License Verified:

License: 960139

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 (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.
4.3
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
5 Christy Drive, Chadds Ford, PA 19317
  • Refinance

Why choose this provider?

Concord Home Mortgage provides its services to individuals in the Philadelphia metro and nearby communities. It assists clients in attaining home loans and strives to provide smooth and stress-free transactions. The company offers a variety of programs such as VA, FHA, USDA, and jumbo loans. Furthermore, it provides mortgage rate options, including adjustable ARM, fixed-rate, interest-only, and graduated payment mortgages. The company's professional brokers aim to achieve customer satisfaction through their services. Concord Home Mortgage utilizes technology in processing digital mortgage transactions.

License Verified:

License: 1019709

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 (28)
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.
4.8
Responsiveness
Friendliness
Helpfulness
Detail

Website
2091 Springdale Road, Cherry Hill, NJ 08003
  • New Construction

Why choose this provider?

Garden State Home Loans in Philadelphia is a mortgage brokerage that offers clients different options for home financing and refinancing in the area. The company was founded in 2011 in New Jersey and has since expanded into six other states through the years. Its mortgage professionals have helped over 20,000 clients in securing home loans such as conventional loans and government loans. Garden State Home Loans strives to ensure 24/7 response time to clients through its website and dedicated hotlines.

License Verified:

License: 473163

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
Google
4.0 / 5 (1131)
Facebook
4.8 / 5 (87)
Zillow
4.8 / 5 (59)

(+1 additional source)

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
28 Bloomfield Avenue, Montville, NJ 07058
  • Refinance
  • Commercial Loans
  • Multi-Family Loans

Why choose this provider?

Stratton Equities is a direct hard money and non-qualified mortgage lending company that serves real estate investors throughout Philadelphia and the surrounding areas. Owned and operated by real estate investors, the company offers an extensive range of loan programs including rental loans, blanket loans, and multi-family loans. It also offers loans and programs for mortgages, foreclosure bailouts, stated income and no-income verifications, house flips, and cashouts. Michael Mikhail, founder and CEO of Stratton Equities, established the company in 2017.

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
4.5 / 5 (55)

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

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.