About Us

Mortgage Lender and Broker

Testimonials- actual service evaluations written by our clients


Choice Finance® corporate mortgage underwriting and processing center is located in Rockville, Maryland.  Located here for 10+ years, we know the metro Washington, D.C. market very well. 

The current mortgage climate has a lot of people in and out of the industry on edge.  We want to assure you that we are here for the long term.  Choice Finance® is a well managed and financially sound institution.  Yes, many guidelines have tightened, and programs have disappeared.. especially for "stated income" type loans.  There are still many options available, home prices have become more affordable compared to the last few years, and rates are still very low. 

Thank you for your continued support,
Management

 

HOW IS CHOICE FINANCE® DIFFERENT?

Customer Service

Choice Finance® customer service is 2nd to no one.  Our committed Loan Officers will spend 10 minutes or 10 hours with you, depending on your needs.  These professionals are backed by a strong Processing Department.  Together your hard-working Loan Officer and Processor expedite your loan to make sure you have a great mortgage experience.

On Time Settlement

Choice Finance® is committed to closing your loan on time.  Your Loan Officer will explain in detail what is needed by you and by what date so that you will reach settlement on time.  When we lend on your loan, it is typical for us to have your loan documents to the title company 1 or 2 days before your settlement date.  Want proof?  Contact us for title company references.

Choice Finance® is also FHA and VA approved

 

We are the Lender

...the one making the loan directly.   Even if you use a broker, it's the lender who makes the ultimate credit decision.  Our loan Underwriters are in-house to make credit decisions on your file.  The biggest advantage is the speed at which a loan approval can be given.  The lender more often than not gets the mortgage approved in days as opposed to weeks.  Also see Mortgage Bankers Association of America, www.mbaa.org.


Mortgage Lender and Mortgage Broker


We are also a Mortgage Broker

A broker knows a lender's specialty because they are constantly searching to match their client to a lender's program.  If we don't lend on the program that best suits you, we will draw from a pool of lenders to find the right match for your loan.  What's great about a broker is choice.  See National Association of Mortgage Brokers, www.namb.org.  As a broker we have access to the products of hundreds of lenders to match you, the home buyer, with the lender.. 

Out of the hundreds of lenders we have access to (national and regional), Choice Finance® will narrow it's search to those lenders who can do a particular program and will most likely accept your application based on your application and documentation.

Once the selection of lenders has been narrowed, we will choose which lender to use based on several factors, including: rate, fees, speed of underwriting, and experience with that lender.  The broker must have confidence in the lender and know that they will deliver what they promise!  The broker will also identify a borrower's special needs such as first time home buyer, investment property buyer, sub prime buyer and the marginal credit buyer.

*Note: Make sure you are given options.  Have the broker present several programs that meet your needs.


How to Check on Reputation

As money-lending institutions, all mortgage bankers are subject to regulation. You can check on how the industry is regulated in your state by contacting either the state's department of banking or division of real estate. You can check for any licensing requirements, and check if the particular lender is in good professional standing.  The Library of Congress has an index of state and local government web sites . The local Better Business Bureau is another place to check on any complaints about the mortgage banker or broker.

Check professional organizations. You can call your local or National Association of Mortgage Brokers and find out if the broker is a member. This association is a nonprofit organization with a code of ethics and business practices that applies to any broker who wants to be a member.  Other local associations include:  Montgomery County Chamber of Commerce, Maryland Association of Mortgage Brokers, Greater Capital Area Association of Realtors, Silver Spring Chamber of Commerce, and the Gaithersburg Germantown Chamber of Commerce.

*Note: Regardless of who you choose, ask for references.  There is no better way to determine who does a great job, than by the word of those who have done business with that mortgage banker or broker.