Expertise.com
2024

Last updated:

Best Mortgage Brokers in Brownsville

Our Recommended Top 3

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

47

Reviewed

29

Curated

3

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
1109 E Tyler Ave, Harlingen, TX 78550
  • Refinance

Why choose this provider?

Serving for more than 20 years, Gateway Mortgage is a mortgage brokerage firm that serves clients in Brownsville. It offers home purchase loans such as conventional, FHA, VA, USDA, condo, adjustable-rate mortgage, and manufactured home loans. It also assists in refinancing needs that include cash-out refinance and VA interest rate reduction refinancing loans. Additionally, it provides construction and renovation financing. Mortgage Executive Magazine recognized Gateway Mortgage as one of the top 100 mortgage companies in 2012-2020.

License Verified:

License: 298253

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.
4.0
Facebook
4.0 / 5 (2827)
Google
5.0 / 5 (47)

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
30 Providencia Court, Brownsville, TX 78526
  • New Construction
  • Refinance
  • Commercial Loans
  • Multi-Family Loans

Why choose this provider?

Reliant Mortgage Services serves the residents of Brownsville and its surrounding metros. Its list of services includes home purchasing, debt consolidation, and taking out equity. Its team of professionals helps clients identify the right loan program suited to their needs, offering both fixed and adjustable mortgage options. Its professionals also have a lineup of refinancing programs that allow their clients to adjust their mortgage terms. Reliant Mortgage Services has been in the industry since 2007.

License Verified:

License: 392485

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 (65)
Facebook
5.0 / 5 (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
2494 Central Boulevard, Brownsville, TX 78520
  • Refinance

Why choose this provider?

Primary Residential Mortgage, Inc., is an independent full-service mortgage company with a branch in Brownsville. It is composed of loan officers that are licensed mortgage brokers with an average tenure at the company of at least eight years. They help their clients navigate through the home mortgage process to come up with loan solutions that are customized to fit their needs. The firm has 325 branches in 49 states and over 20 years of experience in residential mortgage banking.

License Verified:

License: 3094

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 (68)

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.