Expertise.com

2024

Last updated:

Best Mortgage Brokers in McAllen

Our Recommended Top 8

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

41Reviewed

27Curated

8Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

3832 South McColl Road, Edinburg, TX 78539
WebsiteLicense: 181407

Expertise.com Rating

Review Sources

Google
5.0 (82)
Facebook
5.0 (16)

Why choose this provider?

Nations Reliable Lending Mortgage - Edinburg is a mortgage company that has been providing mortgage loan programs in McAllen for the past 14 years. Its team is made up of homeowners who educate clients on the different loan types such as conventional, FHA, VA, jumbo, and USDA and help them navigate the mortgage process. NRL loan professionals also offer asset utilization and investor loan programs. The company supports the community by partnering with Star of Hope and Houston Foodbank.

  • Refinance

3111 West Freddy Gonzalez Drive, Edinburg, TX 78539
WebsiteLicense: 1711925

Expertise.com Rating

Review Sources

Google
5.0 (110)
Facebook
5.0 (1)

Why choose this provider?

Wallstreet Wholesale Lender is a full-service mortgage lending company serving McAllen and throughout Texas. Made up of a team of loan originators, processors, and underwriters, the company provides a quick closeout of purchase and refinance loans for residential and commercial properties as well as construction loans. The available mortgage options for purchase loans are Conventional, Jumbo, FHA, and VA, while the available refinancing options are FHA Streamline & Cash Out, VA & USDA Streamline, Conventional, and Specialty Programs.

  • Refinance
  • Purchase Transactions

5801 North 10th Street, McAllen, TX 78504
WebsiteLicense: 214519

Expertise.com Rating

Review Sources

Google
4.0 (64)
Facebook
5.0 (52)

Why choose this provider?

Mortgage Pros is a company supported by Directions Equity, LLC. It delivers a broad range of mortgage products to its clients in the McAllen area. These include residential financing and refinancing solutions that involve various types of loans, including FHA, VA, fixed-rate, USDA, ARMs, and jumbo loans. Mortgage Pros' owner, Oz Salinas, opened the company in 2017. He is fluent in both Spanish and English and is committed to treating every client as a neighbor.

  • Purchase Transactions
  • Refinance

1012 Martin Avenue, McAllen, TX 78504
WebsiteLicense: 1153319

Expertise.com Rating

Review Sources

Google
5.0 (13)
Yelp
5.0 (3)

Why choose this provider?

A A Genesis Investments, LLC, is a mortgage brokerage firm in McAllen that offers a variety of home loan and refinancing options. Its team of mortgage professionals has a broad knowledge of the real estate industry and can help clients get through the challenges that may arise during the loan process. Its mortgage rate options include fixed-rate, interest-only, adjustable ARM, and graduated payment mortgages. The loan options it offers are FHA home loans, jumbo loans, USDA loans, and VA loans.

  • Refinance

3700 North 10th Street, McAllen, TX 78501
WebsiteLicense: 75243

Expertise.com Rating

Review Sources

Google
5.0 (19)

Why choose this provider?

Paramount Residential Mortgage Group, Inc., is an independently owned mortgage lending company serving McAllen and nearby areas. It offers a variety of loan options, such as FHA, VA, jumbo, non-QM, and reverse mortgages through its affiliation with Fannie Mae and Freddie Mac as well as Ginnie Mae. Its team assists clients who are planning to purchase or refinance a home with underwriting, in-house processing, and funding. The company started with a staff of only three individuals and now operates 150 branches and operation centers nationwide.

  • Refinance

135 Paseo Del Prado, Edinburg, TX 78539
WebsiteLicense: 1660690

Expertise.com Rating

Review Sources

Google
5.0 (32)
Facebook
5.0 (8)

Why choose this provider?

Servicing the residents of the McAllen metro, Nexa Mortgage is a brokerage that delivers a range of mortgage products. The full-service company provides purchase loan programs that include FHA loans, VA loans, USDA loans, jumbo loans, conventional loans, and down payment assistance. In addition, the mortgage broker also offers home refinancing options comprising jumbo, conventional, FHA streamline, VA Streamline, and VA cash out. Nexa Mortgage allows borrowers to calculate monthly payments, pre-qualify for loans, and fill out secure applications online.

  • Refinance
  • Multi-Family Loans

2117 Cornerstone Boulevard, Edinburg, TX 78539
WebsiteLicense: 200719

Expertise.com Rating

Review Sources

Google
5.0 (170)
Facebook
5.0 (69)

Why choose this provider?

Cabrales Mortgage is a group of mortgage loan advisors affiliated with Hamilton Home Loans. It works with clients in and around the McAllen area. They assist clients in acquiring and applying for loan programs, such as USDA, VA, jumbo, and FHA loans. They also guide clients in refinancing existing loans. Cabrales Mortgage's loan advisors strive to clearly convey to clients their available financing options and assist them in choosing the option suited for their financial goals.

  • Refinance

7017 North 10th Street, McAllen, TX 78504
WebsiteLicense: 70345

Expertise.com Rating

Review Sources

Google
5.0 (48)

Why choose this provider?

Finance Home America is a full-service mortgage company providing mortgage services to clients in the McAllen area. It assists clients in the mortgage loan process by gathering information about the property, performing pre-approvals or pre-qualifications, reviewing files and credit history, and finalizing the loan transaction. The company handles various types of loans such as conventional, VA, USDA, FHA, and jumbo loans. Jerry Alred, a regional manager at Finance Home America, has been in the mortgage industry since 1993.

  • 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.