Best Mortgage Brokers in Pharr

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American Mortgage Loans logo
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License Verified:

License: 2050536

Nationwide Multistate Licensing System and Registry

American Mortgage Loans

258 S Sam Houston Blvd, San Benito, TX 78586
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  • Commercial Loans

Business Description

American Mortgage Loans serves the people of Pharr and the surrounding areas. It is a mortgage brokerage firm that helps individuals and families secure home purchase and refinancing loans. It provides a variety of loan programs, such as FHA, VA, and fixed- and adjustable-rate loans. The company's website has different tools for clients to help them compare loan options and calculate their monthly payments. American Mortgage Loans works with several lenders to provide borrowers with a convenient loan shopping experience.

License Verified:

License: 2050536

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 (10)
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
Arca Mortgage logo
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License Verified:

License: 2327889

Nationwide Multistate Licensing System and Registry

Arca Mortgage

2023 S Border Ave, Weslaco, TX 78596
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  • Reverse Mortgages
  • Refinance

Business Description

Arca Mortgage helps Pharr residents realize their dream of homeownership by securing loans. It provides various programs to suit clients’ needs and individual financial goals, such as conventional, FHA, jumbo, manufactured, USDA, and VA loans. Its loan advisors also assist borrowers seeking to cash out or get lower monthly payments or rates through refinancing. The company streamlines the application and closing process through digital methods, including allowing e-signatures with an online notary at any location.

License Verified:

License: 2327889

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 (12)

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 Pros logo
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License Verified:

License: 1822274

Nationwide Multistate Licensing System and Registry

Mortgage Pros

5801 N 10th St Ste 300, McAllen, TX 78504
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  • Refinance
  • New Construction

Business Description

Mortgage Pros caters to homebuyers and homeowners in the Pharr metro and the surrounding communities. The company assists clients in determining the most suitable loan program for their residential property financing or refinancing needs. Its team understands how mortgage guidelines change, which is why it works hard to advise and educate people on the different loan options, including FHA, VA, Jumbo, and USDA. Mortgage Pros also launched its mobile application, MP Go, which allows users to calculate costs and savings and scan required documents.

License Verified:

License: 1822274

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
4.8 / 5 (75)
Facebook
4.8 / 5 (20)

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
Mr. Mortgage logo
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License Verified:

License: 2190447

Nationwide Multistate Licensing System and Registry

Mr. Mortgage

1715 W Trenton Rd, Suite 203, Edinburg, TX 78539
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  • Refinance

Business Description

Mr. Mortgage is a full-service brokerage firm that addresses the homeownership needs of clients throughout the Pharr metro and the neighboring areas. It offers various mortgage loan programs to help customers purchase new homes, refinance existing loans, and invest in residential real estate. The company's mortgage process involves loan pre-approval, house selection, mortgage application, borrower and property documentation and review, underwriting, and closing. Its founder and advisor, Sergio Melendez, has been in the mortgage industry since 2004.

License Verified:

License: 2190447

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
4.2 / 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
Structure Finance LLC logo
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License Verified:

License: 299060

Nationwide Multistate Licensing System and Registry

Structure Finance LLC

3313 N. McColl Road, McAllen, TX 78501
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  • Refinance
  • New Construction

Business Description

Structure Finance LLC caters to clients in Pharr and the surrounding cities. It helps individuals with their home purchasing finances by offering different loan programs, including super jumbo and jumbo, USDA, FHA, and VA. It also gives clients an option to apply for fixed or adjustable rate mortgages depending on their needs and goals. In addition to purchasing loans, the company offers to refinance clients' existing loan programs. Its branch manager, Paul Morales, has 13 years of experience in residential mortgage services.

License Verified:

License: 299060

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 (85)

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
Vetted Notes, LLC logo
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License Verified:

License: 2009486

Nationwide Multistate Licensing System and Registry

Vetted Notes, LLC

1210 E Tyler Ave, Harlingen, TX 78550
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  • New Construction
  • Refinance

Business Description

Vetted Notes, LLC, serves clients in the Pharr metro and the surrounding areas. The company offers FHA, USDA, VA, super jumbo, and jumbo loan programs for individuals and families wanting to purchase homes that fit their budget and interests. It also allows clients to choose between fixed and adjustable mortgage rates. In addition to home-purchasing loans, the company's team caters to clients needing refinancing services to reduce their interest rates, loan terms, and monthly payments.

License Verified:

License: 2009486

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 (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
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Frequently Asked Questions

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.

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.

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.

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