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  4. Salem

Best Mortgage Brokers in Salem

2 in Salem · 10 nearby
Salem Mortgage Brokers stats: Key insights from this page’s listings Updated
Businesses listed
2 +10 nearby
Average rating
5.0 28 reviews
Most-offered services
Mortgage LendingRate ComparisonMortgage ServicesMortgage Rate Services
What customers praise
recommend×6highly recommend×4feel at ease×1awesome team×1
Also serving Salem
Boston10 · 20 km
Mortgage brokerSalem, MA

1

Phil Tocci Mortgage Lender

Known for guiding first-time homebuyers through the mortgage process with patience and clear communication, Phil Tocci Mortgage Lender helps clients navigate financing with thorough answers and timely responses. The team handles tight closing timelines efficiently, though some customers note more extensive documentation requirements compared to other lenders.

Services & Prices
Conventional Loans Quoted per loan
FHA Loans Quoted per loan
VA Loans Quoted per loan
Fixed-Rate Mortgage Comparison Quoted per loan
View Profile
(617) 710-3980
Open 9:00 AM - 9:00 PM
210 Essex St, Salem, MA 01970, USA
General Services
Mortgage Lending
2

JSW Mortgage, LLC.

JSW Mortgage, LLC. is known for clear communication and hands-on guidance throughout the mortgage process. The team assists with home purchases and refinancing, taking time to explain options and next steps. Customers appreciate their responsiveness and support, though some note the challenges of navigating current interest rates.

Services & Prices
First-Time Homebuyer Mortgage Quoted per loan
Refinancing Mortgage Quoted per loan
Fixed Rate Mortgage Quoted per loan
Market Rate Analysis Quoted per loan
View Profile
(617) 294-9001
Open 6:00 AM - 11:00 PM
2 1/2 Becket St, Salem, MA 01970, USA
General Services
Mortgage Services
3

Sammy Iliopoulos - Senior Loan Officer

Serves Salem, MA

Specializing in a wide range of loan options including conventional, jumbo, FHA, VA, and renovation loans, this team focuses on clear communication and upfront visibility of closing costs. Customers appreciate their patience, responsiveness, and detailed guidance throughout the mortgage process, though some note the market’s volatility can affect timelines.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(617) 532-3965
Open 8:00 AM - 8:00 PM
77 Sleeper St Office 02-133, Boston, MA 02210, USA
General Services
Mortgage Services
4

Savvas Fetfatsidis at Guaranteed Rate (NMLS #35213)

Serves Salem, MA

Known for prioritizing the customer experience in mortgage lending, Guaranteed Rate (NMLS #35213) focuses on clear communication and efficient online processing. The team offers mortgage pre-approvals, competitive rates, and guidance through every step, with clients appreciating their responsiveness and straightforward approach.

Services & Prices
Mortgage Pre-Approval Quoted per loan
First-Time Home Buyer Assistance Quoted per loan
Mortgage Rate Lock Quoted per loan
Rate and Term Refinance Quoted per loan
View Profile
(617) 532-2005
Open 9:00 AM - 5:00 PM
77 Sleeper Street Office 02-133 & 02-119, Boston, MA 02210, USA
General Services
Mortgage Services
5

Brian Cavanaugh - Mortgage Network, Inc. NMLS#441864

Serves Salem, MA

Brian Cavanaugh - Mortgage Network, Inc. NMLS#441864 specializes in personalized mortgage financing and refinancing solutions, serving families and first-time buyers in the Boston South Shore area. The team is known for clear communication, accessibility, and guiding clients through each step of the home buying or refinancing process. Customers appreciate their responsiveness and ongoing support… more...

Brian Cavanaugh - Mortgage Network, Inc. NMLS#441864 specializes in personalized mortgage financing and refinancing solutions, serving families and first-time buyers in the Boston South Shore area. The team is known for clear communication, accessibility, and guiding clients through each step of the home buying or refinancing process. Customers appreciate their responsiveness and ongoing support beyond closing.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
First-Time Homebuyer Assistance Quoted per loan
View Profile
(617) 771-5021
Open 8:00 AM - 8:00 PM
184 High St 7th floor, Boston, MA 02110, USA
General Services
Mortgage Services
Where they are 12 on the map Click a pin for the profile and directions
6

Own Up

Serves Salem, MA

Own Up uses technology to create a personalized mortgage shopping experience, allowing customers to compare offers from multiple lenders online. Their Home Advisors provide independent, clear guidance throughout the process, which many clients find helpful—especially first-time buyers—though some note limited lender options for second mortgages.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Loans Quoted per loan
Loan Pre-Approval Quoted per loan
View Profile
(844) 947-2848
Open 9:00 AM - 5:00 PM
50 Milk Street, 16th Floor, Boston, MA 02108, USA
General Services
Mortgage Services
7

MDO Mortgage -Mortgage Broker MB#1986484

Serves Salem, MA

MDO Mortgage holds a mortgage broker license (MB#1986484) and is known for guiding first-time homebuyers through the loan process with clear explanations and responsive support. The team offers a range of home loan options, often helping clients close quickly while addressing any challenges along the way. Customers appreciate their patience and personalized attention throughout each step.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Loans Quoted per loan
Pre-Approval Quoted per loan
Condo Purchase Loans Quoted per loan
View Profile
(617) 665-7155
Open 9:00 AM - 5:00 PM
10 Bremen St, East Boston, MA 02128, USA
General Services
Mortgage Services
8

Geovanne Colon, Mortgage Broker NMLS #1880655

Serves Salem, MA

Licensed as a mortgage broker (NMLS #1880655), this team specializes in guiding first-time buyers and homeowners through financing options for purchases and refinancing. They offer clear explanations and stay accessible throughout the process, helping clients feel informed and confident, though some may find the pace thorough.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
First-Time Homebuyer Assistance Quoted per loan
View Profile
(617) 821-1757
Open 9:00 AM - 8:00 PM
19 Pilgrim Rd, Boston, MA 02215, USA
General Services
Mortgage Services
9

Security First Mortgage Funding LLC

Serves Salem, MA

Security First Mortgage Funding LLC focuses on guiding clients through home loan options with clear communication and ongoing support. The team handles residential lending and refinancing, often praised for responsiveness and making the process smooth. Some clients note occasional delays, but overall the service is described as helpful and accessible.

Services & Prices
Rate Comparison Quoted per loan
View Profile
(617) 536-0600
Open 9:00 AM - 5:00 PM
321 Columbus Ave, Boston, MA 02116, USA
General Services
Mortgage Refinancing
10

William Raveis Real Estate - Boston Back Bay

Serves Salem, MA

William Raveis Real Estate in Boston Back Bay offers a full range of services for buying, selling, and renting homes, supported by a large network of experienced agents. Clients appreciate the team’s local knowledge and helpful insights, though some have noted concerns about communication and commission handling in certain cases.

Services & Prices
Settling-in Services $200 - $600
Cultural Orientation $150 - $350
View Profile
(617) 266-5200
Open 9:00 AM - 5:00 PM
18 Arlington St, Boston, MA 02116, USA
General Services
Relocation Services
11

Equivest Mortgage

Serves Salem, MA

For a 15-year fixed-rate mortgage, the interest rate is 5.99% (6.4977% APR). This amount includes 2.00 points ($4,000.00) at closing. Monthly payments would be $1,686.64 for a mortgage of $200,000 The monthly payment is not inclusive of taxes or insurance premiums. The actual payment will be higher. The payment assumes that the loan-to-value ratio (LTV), is 74.91%. Rates for mortgages can change… more...

For a 15-year fixed-rate mortgage, the interest rate is 5.99% (6.4977% APR). This amount includes 2.00 points ($4,000.00) at closing. Monthly payments would be $1,686.64 for a mortgage of $200,000 The monthly payment is not inclusive of taxes or insurance premiums. The actual payment will be higher. The payment assumes that the loan-to-value ratio (LTV), is 74.91%. Rates for mortgages can change frequently. Your individual circumstances and the current rate will affect your actual payments. These rates are valid as of the publication date on September 22, 2022, from qualified participants in LMB Provider Network. 30-Year Fixed Rate Mortgage: A fixed-rate mortgage at 6.50% (6.75% APR). This is in addition to the closing cost of 2.00 points ($4,000.00). Monthly payments would be $1,264.14 for a mortgage of $200,000 This monthly payment doesn't include insurance premiums or taxes. The actual monthly payment will be higher. The payment assumes that the loan-to-value ratio (LTV), is 74.91%. Rates for mortgages can change frequently. Your individual circumstances and the current rate will affect your actual payments. These rates are valid as of the publication date on September 22, 2022, from qualified participants in LMB Provider Network. These borrowers can pay off their mortgage much quicker than traditional 30-year mortgages. In addition, the interest rates for shorter-term usually lower than those on 30-year mortgages. More information can be found at https://www.quickenloans.com/mortgage-options/fixed-home-loans.

View Profile
(888) 406-2118
Open 8:30 AM - 6:00 PM
470 Atlantic Ave, Boston, MA 02110, USA
12

Transcend Mortgage Inc

Serves Salem, MA

Transcend Mortgage Inc. is a mortgage firm based in Malden MA. Our specialties include Conventional, FHA, and Home Purchase Loans. Our services extend to the rest of Middlesex County. We can assist you in buying or refinancing a house within the ZIP code 02148. Our refinance offerings are tailored to meet local borrower needs. We can help you if you are looking to get cash out or a longer term… more...

Transcend Mortgage Inc. is a mortgage firm based in Malden MA. Our specialties include Conventional, FHA, and Home Purchase Loans. Our services extend to the rest of Middlesex County. We can assist you in buying or refinancing a house within the ZIP code 02148. Our refinance offerings are tailored to meet local borrower needs. We can help you if you are looking to get cash out or a longer term and a lower rate. The following programs are available for refinancing: Transcend Mortgage Inc is unique because we also offer these niche programs: Investment No Income Doc, Non-QM, and Investment No Income Doc.

View Profile
(781) 526-4166
Closed Now
745 Atlantic Ave, Boston, MA 02111, USA

Salem Mortgage Statistics

Home-purchase lending in Essex County and home costs in Salem, MA (latest HMDA and Census data)

Lenders made 6,899 home-purchase loans in Essex County in 2025 (average about $605,000) and denied 688 — 9% of decided applications, compared with 9% across Massachusetts, according to federal mortgage data (HMDA, CFPB). In Salem, the median home is worth $542,800 and 72% of owners have a mortgage, paying a median $2,685 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
6,899▲ 3%6,711 in 2024
Denial rate
9%MA 9%
Median home value
$542,800MA $562,100
Monthly cost with a mortgage
$2,685median · MA $2,726
Refinance loans made (Essex County, 2025)
5,037 · 3,413 in 2024
Home-improvement loans made (2025)
2,160
Average home-purchase loan
$605,000 (MA $604,000)
Owners with a mortgage
72% · 36% of them spend 30%+ of income on housing
Median household income
$85,153 (MA $103,960)

Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Essex County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.

Salem Mortgage Brokers stats: 12 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Phil Tocci Mortgage Lender 4.9 15 Quoted per loan (617) 710-3980 Visit
2 JSW Mortgage, LLC. 5.0 13 Quoted per loan (617) 294-9001 Visit
3 Sammy Iliopoulos - Senior Loan Officer 5.0 100 Quoted per loan (617) 532-3965 Visit
4 Savvas Fetfatsidis at Guaranteed Rate (NMLS #35213) 5.0 100 Quoted per loan (617) 532-2005 Visit
5 Brian Cavanaugh - Mortgage Network, Inc. NMLS#441864 4.9 100 Quoted per loan (617) 771-5021 Visit
6 Own Up 4.9 100 Quoted per loan (844) 947-2848 Visit
7 MDO Mortgage -Mortgage Broker MB#1986484 5.0 93 Quoted per loan (617) 665-7155 Visit
8 Geovanne Colon, Mortgage Broker NMLS #1880655 5.0 22 Quoted per loan (617) 821-1757 Visit
9 Security First Mortgage Funding LLC 5.0 6 Quoted per loan (617) 536-0600 Visit
10 William Raveis Real Estate - Boston Back Bay 3.5 8 $150 (617) 266-5200 Visit
11 Equivest Mortgage 5.0 4 — (888) 406-2118 Visit
12 Transcend Mortgage Inc 5.0 1 — (781) 526-4166 Visit

Frequently asked questions

8 questions
How do I choose the best mortgage broker in Salem?
Consider verified reviews, ratings, review volume, and if the business has claimed its profile. TrustAnalytica ranks based on these factors for a transparent choice.
What does a mortgage broker do?
Mortgage brokers help clients find and apply for mortgage loans by comparing options from various lenders and guiding through the application process.
Do mortgage brokers in Salem offer free consultations?
Many mortgage brokers offer free consultations to discuss your needs and potential loan options before any commitment.
What questions should I ask a mortgage broker before hiring?
Ask about their fees, lender relationships, loan options, experience, and how they can assist with your specific financial situation.
How do mortgage broker fees work?
Mortgage brokers typically earn a commission from lenders, which may be a percentage of the loan amount. Some may charge additional fees to clients.
Is it necessary to use a mortgage broker in Massachusetts?
While not required, a mortgage broker can simplify the loan process and offer access to multiple lenders, potentially finding better terms.
How long does the mortgage process take with a broker?
The mortgage process can take 30 to 45 days, depending on the lender's requirements and the complexity of your financial situation.
What services do mortgage brokers provide?
Mortgage brokers assist with loan pre-approval, application, and negotiation, offering access to a range of lenders and mortgage products.

General information, not financial advice — consult a qualified professional.

Our Methodology

Best 10 mortgage broker list assembly and recognition by TrustAnalytica for Salem is based on online reputation backed by review sources as google reviews, TrustAnalytica reviews and more.

We choose the best companies in the location and rank them based on rating, quantity of reviews and verification (Claimed or unclaimed profile).

Rankings are frequently updated to reflect the latest reviews from trusted sources.

Profile verification is free and may improve ranking, as we prioritize accurate, up-to-date profiles that are actively maintained and regularly reviewed.

TrustAnalytica's procedure for listing mortgage broker companies involves manual research, review and placement. Please note that some companies are placed here through their registration with our services as every company gets not only access to our Saas services but also a profile that gets listed. We evaluate businesses based on their online reputation, accessibility, online resources such as website and their fit for best 10 mortgage broker category.

The Process

1

Business Verification

Verified mortgage broker listings in Salem are based on robust online activity and Google reviews, ensuring credibility.

2

Business Details

Comprehensive mortgage broker profiles offer vital details for informed decisions in Salem.

3

Reviews And Ratings

Real-time customer ratings guide our mortgage broker rankings in Salem, reflecting genuine reputation.

4

SEO And Keywords

Our SEO strategy elevates the visibility of top mortgage broker providers in Salem.

5

AI Search Visibility

Every mortgage broker listing in Salem is published with structured data that AI search tools like ChatGPT, Perplexity and Google AI Overviews can read and cite.