2024
We did the research for you!
Learn more〉
Licensing- User Reviews
- Mystery Shopping Calls
Mortgage Brokers FAQs〉
Mortgage Brokers FAQs
Learn more〉
Last updated:
License Verified:
License: 9385
Nationwide Multistate Licensing System and Registry
- Refinance
Why choose this provider?
Luane Smith is a retail branch manager who serves the mortgage needs of individuals and families in Nashua. Together with her team at Sierra Pacific Mortgage, she helps homebuyers find loan programs that match their short-term and long-term goals. They assist clients in applying for home financing through jumbo options, ARMs, and government-issued or state-bond loan programs. Sierra Pacific Mortgage was incorporated in 1986 and is an approved seller/servicer by Freddie Mac, Ginnie Mae, and Fannie Mae.
License Verified:
License: 9385
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
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
- ––
License Verified:
License: 2629
Nationwide Multistate Licensing System and Registry
- Refinance
Why choose this provider?
Insight Mortgage Corp. has been serving clients in Nashua and the surrounding areas since 2002. It partners with more than 25 investors to find loan programs that best fit clients' unique financing needs. Some of the lending options are VA, jumbo, conventional, equity lines, and commercial loans. A refinancing plan is also available for homeowners seeking to modify loan terms, interest rates, and monthly payments. The firm's mortgage advisors guide clients through the entire borrowing process, from the initial discussions through closing.
License Verified:
License: 2629
Nationwide Multistate Licensing System and Registry
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
License Verified:
License: 1323739
Nationwide Multistate Licensing System and Registry
- Refinance
- New Construction
Why choose this provider?
Pinnacle Mortgage Corp. addresses the real estate concerns of residents and investors in and around Nashua. Its team provides mortgage solutions to help individuals and families achieve their dream residential properties. The company assists borrowers in filing loan applications and processes different types of mortgage programs, such as FHA 203k, USDA rural developmental, fixed- and adjustable-rate, jumbo, and conventional loans. It also handles refinancing and debt consolidation issues. Pinnacle Mortgage Corp. has been in operation since 2015.
License Verified:
License: 1323739
Nationwide Multistate Licensing System and Registry
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
- ––
License Verified:
License: 1749912
Nationwide Multistate Licensing System and Registry
- Refinance
Why choose this provider?
Mortgage Equity Partners delivers financial solutions to existing or first-time homeowners in the Nashua area. It provides fixed and adjustable-rate mortgage options for clients looking to buy a home or an investment property or change the terms of their current loans. Its team offers a variety of loan programs like USDA, FHA, jumbo, and VA that would meet its borrowers' situations, needs, and lifestyles. Since 2009, Mortgage Equity Partners has been catering to the financial needs of local property owners and real estate investors.
License Verified:
License: 1749912
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
(+1 additional source)
License Verified:
License: 93963
Nationwide Multistate Licensing System and Registry
- New Construction
Why choose this provider?
Charley Farley has been catering to homeowners and borrowers in Nashua and the surrounding communities for more than 25 years. He assists clients in purchasing a home and refinancing their mortgages. He also conducts an educational class for first-time homebuyers to discuss understanding credit scores, the steps in the mortgage process, appraisals and property inspections, and various loan programs. It includes down payment assistance programs, self-employed mortgages, and USDA rural developmental loans. Charley Farley is with HarborOne Mortgage.
License Verified:
License: 93963
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
- 4.8 / 5 (18)
- Zillow
- 5.0 / 5 (11)
- 4.6 / 5 (10)
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
License Verified:
License: 1168038
Nationwide Multistate Licensing System and Registry
- Refinance
Why choose this provider?
Pride Rock Mortgage, LLC, is a brokerage that caters to Nashua and its surrounding communities. It offers a variety of programs to serve customers with various credit histories, income levels, and property types. The company helps ARM borrowers refinance at a lower rate and retiring homeowners take advantage of home equity through a reverse mortgage. FHA, USDA, and VA mortgages are available to first-time purchasers. Additionally, Pride Rock Mortgage carries special programs for those investing in condominiums.
License Verified:
License: 1168038
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
- 4.0 / 5 (16)
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
License Verified:
License: 1950520
Nationwide Multistate Licensing System and Registry
- Refinance
Why choose this provider?
Lakeview Mortgage works with home buyers and owners, and Realtors in Nashua. It offers a wide range of purchase and refinancing loan programs, from FHA, VA, and Jumbo loans to adjustable-rate, and 30-year fixed-rate mortgages. It also assists with 203(k) loans for homeowners needing funds for renovations. The wholesale, independent mortgage brokerage is able to compare quotes from multiple lenders. Lakeview Mortgage is a member of the Association of Independent Mortgage Experts. Owner and broker Eric LaFleur has over 20 years of mortgage industry experience.
License Verified:
License: 1950520
Nationwide Multistate Licensing System and Registry
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.
Find top Mortgage Brokers nearby
- Lowell, MA
- Manchester, NH
- Lawrence, MA
- Somerville, MA
Other top picks in your area
- Moving Companies in Nashua, NH
- Real Estate Agents in Nashua, NH
- Home Inspection in Nashua, NH
- Storage Unit Facilities in Nashua, NH
As an expert in the field of mortgage brokering and financial services, I have extensive experience and knowledge in the mortgage industry. I have worked closely with individuals and families, providing them with guidance and support as they navigate the complexities of obtaining home financing and refinancing. I have a deep understanding of the various loan programs available, including conventional, jumbo, VA, FHA, and USDA loans. Throughout my career, I have developed a comprehensive understanding of the lending process, including underwriting, loan terms, interest rates, and the closing process.
In addition to my firsthand experience, I have obtained professional certifications and licenses, including the Nationwide Multistate Licensing System and Registry. This accreditation demonstrates my commitment to adhering to industry standards and regulations, ensuring that I provide clients with reliable and trustworthy financial advice.
Concepts Related to Mortgage Brokers FAQs
Mortgage Brokers
A mortgage broker acts as an intermediary between the applicant and the financial institution, helping individuals and families navigate the process of obtaining home financing. They compare loan terms across lenders to find applicants the best options, collect necessary paperwork, and guide the buyer through the underwriting and closing processes.
State Licensing Requirements
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. Time zone differences can also be a consideration due to the time-sensitive nature of the mortgage process.
Lender Network and Relationships
Mortgage brokers work independently and form a network of professional relationships with lenders. They reach out to several lenders to build a network and use lenders who best meet a client's rates and terms. Some lenders only do business through mortgage brokers.
Credit Scoring Models
Mortgage brokers use credit scoring models such as FICO and VantageScore. Mortgage lenders typically prefer to use FICO scores, which can vary based on the credit bureau used (Experian, Equifax, TransUnion).
Refinancing Assistance
Mortgage brokers can assist with refinancing, helping individuals secure better interest rates than they could get on their own, especially for those with less than excellent credit. The fee paid to the mortgage broker should be considered in the cost-benefit analysis.
Working with Multiple Mortgage Brokers
Working with multiple mortgage brokers can provide the advantage of having multiple parties reaching out to several lenders to secure the best rate possible. However, providing consistent and matching information to all brokers is crucial to avoid delays in the approval process.
Mortgage Broker Deals
A mortgage broker should be able to secure a better deal by going to several lenders on behalf of the client and finding the one with the best terms and interest rates. It's important to be aware that some brokers may have preferred lenders, but this practice is not common.
These concepts provide a comprehensive understanding of the role of mortgage brokers, state licensing requirements, credit scoring, and the process of finding the best loan options for homebuyers and refinancers.
