Expertise.com

2024

Last updated:

Best Mortgage Brokers in Laredo

Our Recommended Top 5

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

58Reviewed

36Curated

5Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
7019 Village Blvd, #207, Laredo, TX 78041
  • Refinance

Why choose this provider?

Mortgage Solutions LP is a full-service company serving Laredo. It provides clients with a wide selection of lending products, such as fixed-rate, USDA, VA, and FHA mortgages and loans. It also helps first-time homebuyers find and apply for loan programs tailored to their financial needs. In addition to offering mortgage products, the company assists in the refinancing of existing mortgages to lower monthly payments or get cash out. Scott Sears, one of the company's mortgage originators, has over two decades of industry experience.

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
Zillow
5.0 / 5 (116)
Google
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
6402 North Bartlett Avenue, Laredo, TX 78041
  • Refinance

Why choose this provider?

Texas-based Mortgage Financial Services is a full-service mortgage banker serving homebuyers in Laredo and the surrounding regions. The business specializes in purchasing and refinancing homes. It offers different home loan programs such as FHA, VA, conventional, and down payment assistance loans. Katherine Sillas, the area manager, and her team can help and guide their clients through the whole home loan process, from getting pre-approved to achieving homeownership. Mortgage Financial Services also serves homebuyers in Louisiana.

License Verified:

License: 43021

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 (45)
Facebook
5.0 / 5 (5)
Yelp
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
7913 McPherson Rd Ste 105, Laredo, TX 78045
  • New Construction
  • Refinance

Why choose this provider?

Based in Laredo, Bravo Mortgage has been providing different loan programs for 11 years. The company offers USDA loans, FHA and VA loans, and conventional loans to help clients purchase homes. Each loan type is designed to cater to different income groups and credit scores. Bravo Mortgage has earned a reputation for guiding its clients through every step of the loan process until it gets approved. Zeferino Perez and his team help clients in getting loans that suit their goals and needs.

License Verified:

License: 1789522

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
Facebook
5.0 / 5 (10)
Google
4.0 / 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
1401 Calle del Norte Road, Laredo, TX 78041
  • Multi-Family Loans

Why choose this provider?

Del Home Lending is committed to providing mortgage solutions that are tailored to the unique needs of its Laredo clients. It works with various lenders to offer a variety of home loan programs, such as conventional, VA, FHA 203(k), and USDA rural housing loans. Del Home Lending also strives to make the mortgage process easier for its clients. In line with this, it provides relevant resources and calculators on its website to help them choose among their financial options.

License Verified:

License: 324462

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.
4.4
Google
4.0 / 5 (7)
Facebook
5.0 / 5 (4)

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
9114 McPherson Road, Laredo, TX 78045
  • Refinance

Why choose this provider?

Service First Mortgage is a full-service mortgage lending entity that has assisted clients in Laredo and surrounding areas since 1997. It offers various loan options, including conventional, builder or renovation, government, and non-traditional loans. The firm was established by CEO and president Shawn Broussard, who applies a hands-on approach to empowering clients through financial management and home loan knowledge. It received multiple acknowledgments for its work from publications such as the McKinney Courier-Gazette, The Dallas Morning News, Mortgage Executive, and Scotsman Guide.

License Verified:

License: 356550

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
Google
4.0 / 5 (52)

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.