Expertise.com

Best Mortgage Brokers in Rapid City

2024

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Website
2025 Jackson Boulevard, Rapid City, SD 57702
  • Reverse Mortgages
  • Multi-family
  • New Construction
  • Purchase
  • Refinance

Why choose this provider?

Blue Ribbon Mortgage & Investments accommodates applications from potential homebuyers and refinancers in Rapid City. The firm offers access to a selection of programs, including conventional, jumbo, and investor loans, that match each client's long-term financial goals. Its agents help applicants navigate each step of the borrowing process using their first-hand knowledge of local market trends, rate changes, and property values. They are led by branch manager Christina Riemenschneider, who has been serving clients as a mortgage originator for 20 years.

License Verified:

License: 175203

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 (163)
Zillow
5.0 / 5 (64)
Facebook
4.8 / 5 (13)

(+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
2101 Mt. Rushmore Rd. Suite 300, Rapid City, SD 57701
  • Refinance

Why choose this provider?

Unify Home Lending works with buyers and investors in and around Rapid City. Since 2018, it has been helping families and individuals acquire their dream residential properties through its real estate solutions. The agency processes different types of mortgage products, such as HomeReady, USDA rural development, FHA, and fixed- and adjustable-rate loans. It also provides refinancing services to enable clients to consolidate their debts and change payment terms. The team has more than 100 years of combined industry experience.

License Verified:

License: 1749021

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 (27)
Facebook
5.0 / 5 (11)
Zillow
5.0 / 5 (5)

(+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
2920 W Main St #2, Rapid City, SD 57702
  • Refinance

Why choose this provider?

Affiliated Mortgage is one of the most established brokerage firms in Rapid City, having helped clients in the community achieve their dreams of owning a home for more than 30 years. It walks home buyers and investors through the mortgage process for various loan options such as FHA, USDA, and VA. Its team of brokers also offers existing homeowners refinance options that include better loan terms and lower interest rates. Affiliated Mortgage has offices in North Dakota, Florida, Iowa, Arizona, and Wyoming.

License Verified:

License: 14211

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
5.0 / 5 (284)
Facebook
4.6 / 5 (63)
Zillow
5.0 / 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
Friendliness
Helpfulness
Detail

Website
2920 W Main St #2, Rapid City, SD 57702
  • Refinance
  • New Construction

Why choose this provider?

Alesha Blair is a mortgage broker with Affiliated Mortgage who caters to clients in Rapid City and the surrounding communities. She helps individuals and families secure the financial product that matches their needs and circumstances, whether it is an FHA or jumbo, USDA, VA, or conventional loan. She also guides seniors aged 62 and over through the reverse mortgage application process. One client commended Blair for always being available to address her questions and concerns.

License Verified:

License: 1817178

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 (13)
Facebook
5.0 / 5 (8)

Website
1508 Mt Rushmore Rd, Rapid City, SD 57701
  • Refinance
  • New Construction

Why choose this provider?

Omni Home Financing is a locally owned and operated mortgage brokerage firm serving individuals and families in Rapid City and the surrounding areas. It provides mortgages for different types of clients, including first-time home buyers. It also assists with government programs such as USDA, FHA, and VA loans. Omni Home Financing has been in business for more than 26 years. It has been named Affiliate of the Year by the Black Hills Association of REALTORS.

License Verified:

License: 174715

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 (28)
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

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.