FAQs
What does a mortgage broker do?
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A mortgage broker connects you with multiple lenders to find the best rate and loan structure, rather than offering just one option like a bank or retail lender.
Is a mortgage broker cheaper than a bank or retail lender?
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In most cases, yes. Mortgage brokers in Maryland often provide lower rates and reduced fees compared to retail banks and retail lenders because they have access to wholesale pricing. At Channel Marker Mortgage, we shop over 100 lenders to find the most competitive loan options for each client. This allows us to compare multiple offers instead of being limited to a single bank’s pricing, helping our clients save an average of $10,662 over the life of their loan.
We prioritize fast, efficient closings—often quicker than traditional lenders—depending on the loan type and scenario.
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How fast can you close?
Do you work outside of Maryland?
Yes. We serve clients across MD, DC, VA, FL, PA, WV, and DE with locally knowledgeable loan officers in each market.
Why choose Channel Marker Mortgage over other lenders?
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Channel Marker Mortgage combines the advantages of a mortgage broker with the service and execution of a local lender. We offer:
Access to 100+ lenders for competitive pricing
Average savings of $10,662 per client
Fast closings (average 11.5 days clear-to-close)
Local expertise across MD, DC, VA, FL, PA, WV, and DE
Our goal is simple: deliver the best loan structure at the lowest cost, with a smooth and efficient process from start to finish.
Can I buy a home before selling my current one?
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Yes, there are several strategies available, including bridge loans, contingent offers, and financing structures that allow you to access your current home’s equity. We work with multiple lenders to create solutions that help you transition smoothly without unnecessary risk or pressure.
What credit score do I need to qualify?
Minimum credit score requirements vary depending on the loan program. For example:
Conventional loans typically require a 580+ score
FHA loans may allow lower scores
VA loans offer flexible guidelines for eligible borrowers
At Channel Marker Mortgage, we analyze your full financial picture — not just your credit score — to find the best possible loan solution.
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Can I qualify for a mortgage if I’m self-employed?
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Yes, self-employed borrowers can absolutely qualify for a mortgage, but it requires the right loan structure. We work with lenders that specialize in traditional and alternative income documentation, including bank statement loans and other flexible programs. Our team helps structure your application to maximize approval chances while securing competitive terms.
What types of home loans do you offer?
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We offer a full range of mortgage products to fit different financial situations and goals, including:
Conventional loans
FHA loans
VA loans
Jumbo loans
Second home and investment property loans
Refinancing options (including cash-out and rate-term)
HELOC’s/HELOANS (Home Equity Lines of Credit/Home Equity Loans
Buy-Before-You-Sell (BBYS) Bridge Loans
DSCR (debt-service-coverage-ratio)
Because we work with over 100 lenders, we can match you with the best loan program for your specific needs.
What is the difference between pre-qualification and pre-approval?
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Pre-qualification is a basic estimate based on self-reported financial information, while pre-approval is a more detailed review that includes income, assets, and credit verification. A fully underwritten pre-approval carries significantly more weight with sellers. At Channel Marker Mortgage, we focus on strong pre-approvals that help our clients stand out in competitive markets.
Can you help first-time homebuyers?
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Absolutely, we help first time homebuyers in every state we are licensed - MD, DC, VA, PA, WV, DE and FL. We guide first-time buyers through the entire process, from pre-approval to closing. We also help identify loan programs with lower down payments and explain available options clearly so buyers can make confident decisions.