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Best Mortgage Brokers in McKinney

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All Coast Lending - Long View logo
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License Verified:

License: 1379613

Nationwide Multistate Licensing System and Registry

All Coast Lending - Long View

4920 Plantation Lane, Frisco, TX 75035
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  • Refinance

Business Description

All Coast Lending - Long View is a mortgage brokerage serving residential clients in McKinney and the rest of the state. It works with various lenders to help its clients find loan programs that meet their needs, from new home purchases to refinancing. Its loan options include FHA, VA, and USDA loans. Conventional, jumbo, and non-QM mortgages are also offered. All Coast Lending was established in 2015 and it supports Equal Housing Opportunity. It also extends its services to 17 other states across the country.

License Verified:

License: 1379613

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
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
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Capacity Lending logo
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License Verified:

License: 1389331

Nationwide Multistate Licensing System and Registry

Capacity Lending

1402 South Custer Road, McKinney, TX 75070
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  • Refinance
  • Purchase Transactions

Business Description

Capacity Lending is a team of mortgage brokers and loan specialists that offer mortgage solutions and loan programs in McKinney. The firm is composed of consultants that source out loan programs that are tailored to the client's budget, needs, and credit rating. Some of its programs include fixed and adjustable-rate mortgages as well as FHA and VA loans. It also provides options for mortgage refinancing such as cash-outs, traditional refinancing as well as HARP 2.0.

License Verified:

License: 1389331

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 (28)
Google
5.0 / 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
Chelsea Amaya logo
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License Verified:

License: 1615678

Nationwide Multistate Licensing System and Registry

Chelsea Amaya

5801 Virginia Parkway, McKinney, TX 75071
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  • Refinance
  • Purchase Transactions

Business Description

Chelsea Amaya is a mortgage sales manager and loan originator at Gateway Mortgage. The McKinney-based professional provides personalized mortgage solutions in the metro and its surrounding areas. Gateway Mortgage was established in 2000, and by 2017, the firm has served 100,000 clients from different communities. Chelsea handles various loan options such as FHA, conventional, USDA, and VA loans. Moreover, she offers services like cashout refinance, renovation financing, and one-time close construction loans.

License Verified:

License: 1615678

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.
4.8
Google
4.0 / 5 (102)
Facebook
5.0 / 5 (24)

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
Competitive Home Lending logo
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License Verified:

License: 1047944

Nationwide Multistate Licensing System and Registry

Competitive Home Lending

700 Central Expressway South, Allen, TX 75013
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  • Refinance
  • Purchase Transactions

Business Description

Competitive Home Lending is a local mortgage company that provides home loans and mortgage refinance options to homeowners in the McKinney area. Its mortgage loan options include FHA, VA, Fannie Mae, Freddie Mac conventional loans, and other home purchase loans. The company also offers assistance with home refinancing and cash-out refinancing to reduce monthly payments and consolidate debt. Competitive Home Lending also provides advice regarding APR and APY loans, self-employed mortgages, and conforming loan limits.

License Verified:

License: 1047944

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.
4.8
Google
4.0 / 5 (37)

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
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Detail
Dianne Glenn logo
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License Verified:

License: 295232

Nationwide Multistate Licensing System and Registry

Dianne Glenn

1312 West Exchange Parkway, Allen, TX 75013
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  • Refinance

Business Description

Dianne Glenn is a mortgage loan originator who works with the residents of McKinney. As a loan consultant, Dianne carries a selection of products, such as conventional, jumbo, and FHA loans, and reverse mortgages. She also caters to the lending requirements of military personnel and veterans and aims to create a smooth mortgage process, whether for home refinancing or purchases. Dianne serves as the branch manager of Willow Bend Mortgage and has 25 years of industry experience.

License Verified:

License: 295232

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
5.0 / 5 (39)

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
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Detail
Eagle Mortgage Company logo
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License Verified:

License: 872948

Nationwide Multistate Licensing System and Registry

Eagle Mortgage Company

202 South Coleman Street, Prosper, TX 75078
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  • Refinance
  • Purchase Transactions

Business Description

Eagle Mortgage Company is a brokerage near McKinney that provides mortgage services and real estate financing options to clients in the metro. The firm has been around for more than a decade and has helped hundreds of home buyers and homeowners secure loans for their home purchases. Some of the company's loan programs are 203K, HARP, government, conventional, and jumbo loans. The business also specializes in rate and term refinance services and cash-out loans. Eagle Mortgage Company also provides solutions for home insurance and home valuation needs.

License Verified:

License: 872948

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
4.0 / 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
Fellowship Home Loans logo
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License Verified:

License: 60134

Nationwide Multistate Licensing System and Registry

Fellowship Home Loans

8951 Collin McKinney Parkway, McKinney, TX 75070
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  • Refinance
  • Reverse Mortgages

Business Description

For McKinney clients looking for mortgage solutions, Fellowship Home Loans is a company that assists clients in purchasing or refinancing a home. Its team has a combined 60 years of professional experience, helping clients to secure mortgage solutions in varying types including reverse, VA, FHA, and conventional loans. The team can assist clients in understanding refinancing program options between adjustable or fixed-rate mortgages. Fellowship Home Loans is authorized to offer services in 38 states in the US.

License Verified:

License: 60134

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.
4.8
Facebook
4.0 / 5 (481)
Google
3.0 / 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
First Rate logo
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License Verified:

License: 658200

Nationwide Multistate Licensing System and Registry

First Rate

14083 Badlands Drive, Frisco, TX 75035
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Business Description

First Rate Financial is a mortgage broker that serves first-time buyers and homeowners in McKinney and the surrounding areas. The broker specializes in most types of home loans, including conventional loans, conforming loans, federal housing administration loans, and VA loans. It also provides jumbo loans, fixed-rate mortgages, adjustable-rate mortgages, and combined or hybrid adjustable-rate mortgages. First Rate Financial has more than 15 years of experience in the local Texas market. It is committed to taking a refreshing, honest, and upfront communication approach with its clients.

License Verified:

License: 658200

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
4.9 / 5 (136)
Facebook
5.0 / 5 (112)
Yelp
5.0 / 5 (11)

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Frisco Mortgage Guy logo
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License Verified:

License: 206192

Nationwide Multistate Licensing System and Registry

Frisco Mortgage Guy

2701 North Dallas Parkway, Plano, TX 75093
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  • Refinance

Business Description

The Frisco Mortgage Guy serves clients in McKinney and the surrounding areas. The alias belongs to Geoffrey Davis, a loan originator affiliated with Guardian Mortgage. He offers consultations with clients to help them set realistic financial goals and guides them in determining the loan products that would satisfy their needs. Whether it's first-time homebuyers or individuals looking into refinancing, he focuses on educating clients about the risks involved in various financial situations. Past clients have praised Geoffrey for easy communication and prompt response to queries.

License Verified:

License: 206192

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 (14)

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.
3.0
Responsiveness
Friendliness
Helpfulness
Detail
––
High Country Mortgage Services logo
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License Verified:

License: 1497961

Nationwide Multistate Licensing System and Registry

High Country Mortgage Services

6401 Eldorado Parkway, McKinney, TX 75070
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  • Commercial Loans
  • Multi-Family Loans

Business Description

High Country Mortgage Services is a McKinney-based firm that provides mortgage loan options to those who want to purchase a new home or are looking to refinance their current property. It provides options such as conventional, FHA, VA, USDA, and FHA 203K loans. Moreover, loan programs for manufactured homes are also offered by the firm. High Country Mortgage Services' lead broker is Raeanne Hagin, who has more than 31 years of experience in the industry.

License Verified:

License: 1497961

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 (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
Michael DeBacker logo
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License Verified:

License: 621485

Nationwide Multistate Licensing System and Registry

Michael DeBacker

130 North Preston Road, Prosper, TX 75078
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  • New Construction
  • Refinance

Business Description

Michael DeBacker is a mortgage specialist with Caprock Home Loans serving the McKinney community. He assists individuals who are planning to purchase or refinance a home by scouring home loan products from multiple financial providers. Considering their needs and preferences, DeBacker guides clients throughout the home loan process for an easy, straightforward experience. The company has been praised for taking the time to educate clients on the loan options available for their mortgage needs.

License Verified:

License: 621485

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 (34)
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
Mortgage X-Change logo
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License Verified:

License: 396750

Nationwide Multistate Licensing System and Registry

Mortgage X-Change

400 West Bethany Drive, Allen, TX 75013
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  • Refinance

Business Description

Mortgage X-Change is a company serving homeowners in McKinney and the surrounding areas. Through its loan officers, it provides customers with a variety of financing options. Some of the options offered to customers include 203k, jumbo, and FHA loans. Fifteen-year and 30-year fixed mortgages are also available. The company provides loan tools and resources on its website, such as a pre-approval letter, a payment calculator, and refinance analysis. Customers can also get home value estimates and home insurance quotes on the website.

License Verified:

License: 396750

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 (27)
Facebook
4.7 / 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
North Dallas Benchmark Mortgage logo
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License Verified:

License: 188788

Nationwide Multistate Licensing System and Registry

North Dallas Benchmark Mortgage

3004 Communications Parkway, Plano, TX 75093
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  • Purchase Transactions

Business Description

North Dallas Benchmark Mortgage provides services to clients like multiple property owners or first-time homebuyers in the McKinney area. Its team of mortgage lenders helps borrowers through every step of the home purchasing process, including prequalifying for a loan, appraisal, underwriting, closing, and funding. North Dallas Benchmark Mortgage offers a lifetime loan option that entails in-depth yearly reviews of a customer’s mortgage. Tom Sherman, the agency’s branch manager, has been in the mortgage business for almost 20 years.

License Verified:

License: 188788

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 (9)
Google
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
Pinnacle Funding Group logo
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License Verified:

License: 260879

Nationwide Multistate Licensing System and Registry

Pinnacle Funding Group

103 East Virginia Street, McKinney, TX 75069
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  • Refinance

Business Description

Pinnacle Funding Group is a McKinney-headquartered mortgage lending agency. It caters to clients looking to purchase their first home or vacation home and clients with new construction projects. It offers purchase loans and refinance loans, tailors mortgage options, and helps clients achieve true homeownership. Its president, Brian Palmer, initially started as an intern at Pinnacle Funding Group in 2002. He later purchased the company from its original owner in 2005.

License Verified:

License: 260879

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.
4.8
Google
5.0 / 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
Prime Choice Lending logo
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License Verified:

License: 1441287

Nationwide Multistate Licensing System and Registry

Prime Choice Lending

4633 Coit Road, Frisco, TX 75035
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  • New Construction

Business Description

Prime Choice Lending specializes in creating a lasting relationship with each client by expediting the mortgage process. Serving McKinney and surrounding communities, the mortgage brokerage company offers services that include home purchasing and refinancing loans, conventional loans, USDA loans, FHA loans, and VA loans. Jumbo elite loan is also available with ARM and fixed-rate options. Prime Choice Lending's team of mortgage professionals helps borrowers through every step of the loan process and provides continuous guidance even after the settlement.

License Verified:

License: 1441287

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.
4.3
Google
4.0 / 5 (73)
Facebook
4.0 / 5 (25)
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
PrimeLending Allen logo
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License Verified:

License: 136740

Nationwide Multistate Licensing System and Registry

PrimeLending Allen

825 Watters Creek Boulevard, Allen, TX 75013
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  • Refinance

Business Description

PrimeLending Allen is a financial institution that serves McKinney and its neighboring communities. Its mortgage experts help clients apply for home financing schemes, such as conventional, FHA, USDA, VA, jumbo, and reverse mortgages. They also offer first-time homebuyer loans and a variety of specialty products. Additionally, PrimeLending continues to invest in technologies that help facilitate operations, improve security, and simplify the mortgage process. This includes the use of PointServ, Mortgage Coach, and other mobile partners.

License Verified:

License: 136740

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 (21)
Facebook
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
Stonebridge Residential Mortgage LLC logo
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License Verified:

License: 334318

Nationwide Multistate Licensing System and Registry

Stonebridge Residential Mortgage LLC

7608 Dolan Falls, McKinney, TX 75071
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  • Refinance

Business Description

Stonebridge Residential Mortgage LLC delivers a wide range of services to clients in McKinney. It helps clients purchase a home, refinance a current mortgage, and tap into home equity with less paperwork. The mortgage company also offers different types of loan options, including fixed-rate loans which are payable for up to 30 years, a variety of adjustable-rate mortgages, and VA guaranteed loans for veterans. Stonebridge Residential Mortgage LLC assists clients from determining how much they can borrow to funding the loan once approved.

License Verified:

License: 334318

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
Yelp
4.0 / 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
Tammy Costas logo
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License Verified:

License: 316464

Nationwide Multistate Licensing System and Registry

Tammy Costas

321 North Central Expressway, McKinney, TX 75071
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  • Refinance

Business Description

Tammy Costas is a loan officer who offers her services to clients in the McKinney metro. She reviews clients' specific situations and helps them with their loan applications. Her clientele includes senior citizens looking for reverse mortgages, investment buyers, refinancing homeowners, first-time homebuyers, and move-up homebuyers. Previous clients have kind words for the way Tammy did her job for them. They said she was prompt and easy to work with and was able to get their applications approved in just 2 weeks.

License Verified:

License: 316464

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.
4.8
Google
5.0 / 5 (14)
Facebook
5.0 / 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
The Mortgage Brokers logo
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License Verified:

License: 1954053

Nationwide Multistate Licensing System and Registry

The Mortgage Brokers

6733 Salt Cedar Way, Frisco, TX 75034
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  • New Construction
  • Refinance

Business Description

The Mortgage Brokers is a mortgage lending and refinancing company that serves clients from the McKinney area. Led by its owner Gabriel Garza, the company helps every customer by simplifying the process from requiring just one loan application to presenting one credit report and total cost analysis. Its agents' ample knowledge of different loan and refinancing options enables them to provide personalized solutions for every client's problems. The company has been praised for its level of professionalism and clear communication.

License Verified:

License: 1954053

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 (21)

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
Tristan Sherrill logo
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License Verified:

License: 299820

Nationwide Multistate Licensing System and Registry

Tristan Sherrill

5601 Granite Parkway, Plano, TX 75024
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  • Refinance

Business Description

Tristan Sherrill has provided mortgage assistance to clients in McKinney for almost two decades. As an area manager and mortgage advisor at Thrive Mortgage LLC, he takes out the stress of navigating the market by scoring loan options that match his clients' unique financial situations. Tristan and his team offer various mortgage products, including conventional, FHA, jumbo, non-QM, VA, and USDA. Additionally, they facilitate refinancing residential properties. Tristan is committed to providing honest information to help his clients make sound financial decisions.

License Verified:

License: 299820

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 (38)
Facebook
5.0 / 5 (20)
Yelp
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
TX Best Home Loans logo
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License Verified:

License: 1846993

Nationwide Multistate Licensing System and Registry

TX Best Home Loans

924 Colorado, Allen, TX 75013
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  • Refinance
  • Purchase Transactions

Business Description

TX Best Home Loans is a mortgage brokerage in Allen that specializes in online home loan processing solutions in the area. It serves clients in the McKinney metro and provides diverse options for residential loans and mortgages. Some of its programs include fixed-rate and hybrid adjustable-rate mortgages as well as FHA and VA loans. It also provides mortgage refinancing options, such as HARP 2.0 and reverse mortgages that help clients cash out equity and reduce mortgage payments.

License Verified:

License: 1846993

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 (5)
Facebook
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
WeDoLoans logo
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License Verified:

License: 1686418

Nationwide Multistate Licensing System and Registry

WeDoLoans

5700 Granite Parkway, Plano, TX 75024
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  • Refinance

Business Description

WeDoLoans is a Plano-based mortgage company that works with clients in the local area and surrounding cities, including McKinney. Its portfolio of mortgage products includes adjustable-rate mortgages, USDA loans, and jumbo loans. It also has a Hero Loan program for qualified clients such as veterans, first responders, and nurses. WeDoLoans has helped over 1,000 clients save over $11 million in loan interest by collaborating with them to find the mortgage plan that matches their financial circumstances and needs.

License Verified:

License: 1686418

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.
4.8
Google
4.0 / 5 (91)
Facebook
4.0 / 5 (18)

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Back to Providers

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.

How do mortgage brokers get paid?

The customer or the lender pays the mortgage broker. By law, it's illegal for a mortgage broker to accept payment from both parties. Additionally, thanks to the Dodd-Frank Act, a mortgage broker cannot have hidden fees or base their commission on their customer's interest rate.

What makes mortgage brokers different from loan officers?

Loan officers are employees of a single lender. For example, if you go to a bank for a mortgage, you'll deal with their loan officer. They’re paid a set salary and receive bonuses; however, they can only offer loans from their bank.

A mortgage broker works independently or for a firm, and they’re paid by the client or lender. Mortgage brokers can approach several lenders, giving individuals many more options.

What is the difference between a commercial mortgage broker and a home loan broker?

A commercial mortgage broker deals with real estate loans for businesses. The loan for the commercial property is given to the company, not the individual. As a result, the approval process reviews the financial health of the business. In comparison, a home loan broker helps individuals gain a real estate loan for their property.

How much do mortgage brokers make?

According to Salary.com, the average salary for a mortgage broker in the U.S. ranges between $75,344 and $99,498. However, this can significantly vary depending on the state you work in, bonuses, and other factors.

How do mortgage brokers get paid?

How a mortgage broker gets paid entirely depends on who they work for. If they’re an independent contractor, all of their income comes from their clients or lenders. If the person works for a brokerage, they may be paid a combination of a base salary and bonuses from closed deals.

How much do mortgage brokers make per loan?

Mortgage brokers typically make between 1% and 2% of the total loan amount on each deal closed. The client or the lender will pay this fee. The mortgage broker does not receive their payment until the loan is approved and finalized. 

Can mortgage brokers work across state lines?

Yes, mortgage brokers can work across state lines. However, each state has different licensing requirements for its mortgage brokers. To legally close a transaction, you must be certified in the state of the transaction. Additionally, it's helpful to know the state's closing process, as this can change from state to state.

What is a surety bond for mortgage brokers?

A surety bond is a legal contract that binds three parties — the obligee, the principal, and the surety. Surety bonds are typically required to receive a license for operating as a mortgage broker. When a mortgage broker gets a surety bond, it's a legal guarantee they'll perform their obligations to their customers as required by law.

Is it difficult to pass the mortgage brokers’ test?

Upon completion of educational requirements, you must pass the mortgage broker test to receive your license. It's a two-part test called the Safe Mortgage Loan Originator Exam, and it can be a bit challenging. Out of almost 87,600 national test-takers, 57% passed on their first attempt. The test includes both a state and national portion and requires a minimum score of 75% to pass.

Do mortgage brokers need to be licensed?

Yes, all mortgage brokers need to be licensed. Individuals need to complete a 20-hour class that goes over state and federal laws for mortgages and other important information. Next, individuals take the official test with the National Mortgage Licensure System.

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