Expertise.com

2024

Last updated:

Best Mortgage Brokers in Murfreesboro

Our Recommended Top 6

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

30Reviewed

20Curated

6Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

2670 Memorial Blvd Ste C, Murfreesboro, TN 37129
WebsiteLicense: 186749

Expertise.com Rating

Review Sources

Facebook
5.0 (113)
Google
5.0 (29)

Why choose this provider?

Nancy Releford is a mortgage consultant serving the homeownership goals of the Murfreesboro community. She and her team work to find loan programs with better rates, keep clients informed of the application process, and strive to close loans in a timely manner. They create customized solutions to fit the needs of first-time buyers, refinancing homeowners, investors, and seniors looking for reverse mortgages. Releford is the founder of Home Equity Mortgage and has experience in the industry for more than 30 years.

  • New Construction
  • Refinance

275 Robert Rose Drive, Murfreesboro, TN 37129
WebsiteLicense: 629700

Expertise.com Rating

Review Sources

Google
4.9 (349)
Zillow
4.9 (137)
Facebook
4.6 (26)

Why choose this provider?

First Community Mortgage handles financing and refinancing programs for Murfreesboro real estate. Since 2002, the company has assisted clients with their property acquisition goals, whether buying for the first time or purchasing several homes. Its loan officers provide home loans through FHA, VA, USDA, and conventional lending. They also offer state programs and home opportunity loans. In 2017 and 2021, First Community Mortgage received the Residential Diversity and Inclusion Leadership Award for Market Outreach Strategies by the National Mortgage Bankers Association.

  • Refinance

1500 Medical Center Parkway Suite 3A, Office 60, Murfreesboro, TN 37129
WebsiteLicense: 4664

Expertise.com Rating

Review Sources

Zillow
5.0 (538)
Google
4.9 (68)
Facebook
4.7 (68)

Why choose this provider?

The Accurate Mortgage Group has a selection of loan programs available for Murfreesboro-based homebuyers and those who seek to refinance their mortgages. Its options, which include conventional, specialty, and government loans, are recommended based on an applicant's financial status and credit score. It also has a proprietary mobile app and online portals that are accessible for document uploads and verifications in the pre-qualification process. The agency's president, Mark Hoover, has over 20 years' worth of experience in addressing banking, mortgage, and finance-related matters.

  • Refinance

1639 Medical Center Pkwy, Murfreesboro, TN 37129
WebsiteLicense: 203203

Expertise.com Rating

Review Sources

Google
5.0 (33)
Zillow
5.0 (16)
Yelp
5.0 (1)

Why choose this provider?

Patrick Jones is a mortgage loan officer and a certified public accountant with a master’s degree in Taxation. He provides clients in Murfreesboro with mortgage tips that cover discussions on property taxes and homeowners’ insurance. He also guides seniors on matters concerning a reverse mortgage. For more than eight years, Jones has been with F&M Bank, a company that began its operations in 1906. He also assists individuals who are thinking of taking out a mortgage after having declared bankruptcy.

  • New Construction

1500 Medical Center Pkwy Suite 2K, Murfreesboro, TN 37129
WebsiteLicense: 2914

Expertise.com Rating

Review Sources

Google
5.0 (114)
Zillow
5.0 (44)
Facebook
4.8 (18)

Why choose this provider?

iServe Residential Lending, LLC, assists clients in Murfreesboro achieve their dream of homeownership. It specializes in real estate lending, offering mortgage solutions to individuals and investors looking to buy their first home, vacation home, or investment property. Committed to a smooth mortgage process, the mortgage company, founded in 2004, launched its online application, MAX. This system allows iServe Residential Lending's loan originators to work closely with clients throughout the entire process. Clients can also turn to iServe Residential Lending for mortgage refinancing assistance.

  • Refinance

2615 Medical Center Pkwy Suite 1560, Office 241, Murfreesboro, TN 37219
WebsiteLicense: 267371

Expertise.com Rating

Why choose this provider?

Gold Star Mortgage Financial Group serves individuals and families in Murfreesboro and its surrounding areas. It provides an array of home loan options, including FHA, VA, jumbo, USDA, and conventional loans. Reverse mortgages are also available for seniors over 62 years of age. Additionally, the company helps people seeking to lower their monthly payments and interest rates and consolidate their debts through mortgage refinancing. Its team members guide clients throughout the entire loan process, from application to closing.

  • Refinance

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.