Expertise.com

Best Mortgage Brokers in Pharr

2024

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

Why choose this provider?

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 (83)
Facebook
5.0 / 5 (50)

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

Why choose this provider?

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
Zillow
5.0 / 5 (94)
Google
4.8 / 5 (77)
Facebook
3.7 / 5 (22)

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

Why choose this provider?

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

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

Why choose this provider?

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

Website
3700 North 10th Street, McAllen, TX 78501
  • Refinance

Why choose this provider?

PRMG McAllen caters to the mortgage brokering needs of Pharr. It created the Path to Pivot program to increase client-facing activities and use modern lending technology. Its mortgage originators help clients buy and refinance homes. As a Freddie Mac and Fannie Mae direct lender, the company offers conventional mortgage, Home Possible by Freddie Mac, and Fannie Mae’s HomeReady and Homestyle Renovation products. It also provides VA, USDA, and FHA loans and is a Ginnie Mae issuer. PRMG was CAMP’s best corporate affiliate in 2017.

License Verified:

License: 1497157

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 (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

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

Why choose this provider?

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
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

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.