Expertise.com

Best Mortgage Brokers in Lubbock

2023

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Website
5703 114th Street, Lubbock, TX 79424
  • Multi-Family Loans

Why choose this provider?

Colton Conner is a mortgage loan originator with the Lubbock branch of City First Mortgage Services. He offers a wide range of mortgage loan programs, including 30-year fixed-rate mortgages, 15-year fixed-rate mortgages, reverse mortgages, and adjustable-rate mortgages. Colton also helps clients with hybrid ARMs, 2/1 buy-down mortgages, monthly ARMs, and annual ARMs. City First Mortgage Services was first established in 1992 by Gerret Van Wagoner. Since then, it has been in the business of residential and construction lending.

License Verified:

License: 1803512

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 (22)
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
3223 South Loop 289, Lubbock, TX 79423
  • Refinance

Why choose this provider?

First Source Capital Mortgage, Inc., has been providing services to Lubbock since 1993. It specializes in helping clients receive funds or loans to purchase primary residential properties, investments, and vacation homes. It also handles country home mortgages that offer a loan for homes, barns, and lands with 15- to 30-year term rates. Additionally, First Source Capital Mortgage carries multifamily, commercial, farm, ranch, and recreational land loan programs. The company is a member of the Texas Alliance of Land Brokers.

License Verified:

License: 217672

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 (7)
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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
6604 Frankford Avenue, Lubbock, TX 79424
  • Refinance

Why choose this provider?

Spirit Mortgage carries a variety of loan products like fixed and adjustable plans, vacation home loans, low down payment options, and construction loans in Lubbock. Additionally, the company does local underwriting, helps first-time homebuyers throughout the process, and provides programs for service members in the armed forces. Its team also reviews client credits and assets in line with closing costs. Staci Ortiz, who joined the company in 2017, also serves in the Lubbock Association of Realtors.

License Verified:

License: 479447

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
Facebook
4.6 / 5 (10)
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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
2034 82nd Street, Lubbock, TX 79423
  • Refinance
  • Purchase Transactions

Why choose this provider?

Security Mortgage Lubbock is a company that caters to the mortgage needs of clients in the Lubbock area and its surrounding communities. The firm specializes in residential mortgages. It also helps clients select from a variety of loan types such as VA and FHA products. In addition, its team of brokers handles different rates of loans that will suit the customer's case. Security Mortgage Lubbock works with multiple lenders, allowing the business to offer an extensive selection of programs.

License Verified:

License: 844496

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 (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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
9002 F M 1585, Wolfforth, TX 79382
  • New Construction

Why choose this provider?

Hub City Lending serves the lending needs of customers throughout the Greater Lubbock area. It works with national lenders to help clients who wish to purchase a home, new equipment, or a company find the right loan program that suits their financial situations and unique needs. Its products and services include equipment leasing, accounts receivable financing, construction equipment financing, mortgage, and business term loans. Hub City Lending offers its loan programs to business owners, investors, and companies.

License Verified:

License: 1744962

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 (4)
Facebook
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
12419 Quaker Avenue, Lubbock, TX 79424
  • New Construction

Why choose this provider?

Benchmark Mortgage is a locally managed residential lending company located near Lubbock. It has been serving clients around the great West Texas area for more than a decade. The company assists in new home purchases, property investment, and refinancing an existing mortgage. It offers loan programs such as FHA, USDA, VA, renovation, jumbo, and conventional loans. Other products include adjustable- and fixed-rate mortgages. Benchmark Mortgage is a member of the West Texas Home Builders Association.

License Verified:

License: 2143

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 (257)
Facebook
5.0 / 5 (72)
Yelp
3.0 / 5 (3)

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
3402 110th Street, Lubbock, TX 79423
  • New Construction

Why choose this provider?

Hometrust Mortgage, which is located in Lubbock, is a non-depository mortgage bank that offers a wide range of financing options for clients, covering jumbo, renovation, second home, and VA loans. Its team of loan originators handles the entire process, from underwriting and processing to closing. They furnish pre-approval letters within 48 hours of obtaining clients' applications. Hometrust Mortgage, which also has offices in San Antonio, Plano, and North Houston, has been operating for over 30 years.

License Verified:

License: 285922

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 (79)
Facebook
5.0 / 5 (4)
Yelp
5.0 / 5 (2)

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.