Expertise.com

Best Mortgage Brokers in Bryan

2024

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  • Licensing
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Mortgage Brokers FAQs 〉

Last updated:

Website
750 William D. Fitch Pkwy #330, College Station, TX 77845
  • Refinance
  • New Construction

Why choose this provider?

1st Alliance Mortgage serves clients in Bryan looking to purchase, sell, or refinance properties. It offers conventional, VA, and FHA home loan programs with various mortgage terms and interest rates. Its team evaluates a client's current situation to suggest mortgage options that fit their needs and goals. The firm was established in 2002. Its president, Jill Gallagher, has been in the financial services industry for over two decades, with experience in loans, refinances, and foreclosures.

License Verified:

License: 1407

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
4.9 / 5 (59)
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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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Website
2700 Earl Rudder Freeway S, Suite 1525, College Station, TX 77845
  • Multi-Family Loans

Why choose this provider?

Wallick & Volk College Station is a family-owned and family-operated mortgage lender serving residents in the Bryan metro and the surrounding areas. Its team helps individuals and families achieve their homeownership goals by offering jumbo, reverse mortgage, and renovation loans, as well as VA and USDA. The lender takes a transparent approach to the mortgage process to provide home buying options that match clients' individual expectations and objectives. Wallick & Volk has been in business since 1932.

License Verified:

License: 259478

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.
4.6
Google
4.6 / 5 (33)

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
6744 Victoria Ave, College Station, TX 77845
  • Refinance

Why choose this provider?

Guarantee Mortgage Company accommodates first-time and veteran home buyers in Bryan and nearby communities. The agency collaborates with several lenders to compare and shop loan products, such as VA, conventional, jumbo, USDA, and fixed- and adjustable-term mortgages. Its loan officers guide clients in the home buying, selling, and refinancing process. Guarantee Mortgage Company also provides bank statements and Debt-Service Coverage Ratio loans for clients with vacation rentals and investment homes. Its website features a mortgage calculator.

License Verified:

License: 279696

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 (6)

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.