Business Details
Your Trusted Mortgage Partner in New Bedford, MA
Castle Mortgage Broker is a full-service residential real estate finance company dedicated to simplifying the mortgage process for homeowners and buyers. Our team of seasoned professionals specializes in navigating complex loan programs, offering tailored solutions that align with individual financial goals. With expertise in conventional, FHA, VA, jumbo, and reverse mortgages, we act as your trusted representatives to multiple lenders, ensuring competitive rates and compliance with industry standards. Our commitment to transparency and client education empowers customers to make informed decisions, whether purchasing a first home, refinancing, or leveraging equity for renovations.Backed by decades of combined experience and licenses in Massachusetts, Rhode Island, and Florida, we prioritize personalized service, saving clients time and money while upholding the highest ethical standards. From streamlined refinancing to FHA 203(k) rehabilitation programs, our innovative approaches address diverse needs, including first-time buyers, retirees, and investors. As part of The Castelo Group, we integrate mortgage, real estate, and insurance services under one roof, providing holistic financial solutions. Our fast application process and dedication to the 'American Dream' have established us as a reliable partner in the communities we serve.
Services
Mortgage Services
Refinance Options
Reverse Mortgages
Loan Programs
Pre-Qualification Process
FHA Loans
Jumbo Loans
Commercial Loans
Highlights and features
- We help you achieve the 'American Dream' through proper financing of your home purchase or refinance.
- Extensive knowledge of FHA, conventional, adjustable, and non-conforming loan programs.
- Select the best lender from multiple sources to meet your individual needs.
- Experts in working through the mortgage lending process to save you time and money.
- Licensed in Massachusetts, Rhode Island, and Florida with decades of combined experience.
Services
Mortgage Services
Castle Mortgage Broker offers comprehensive mortgage solutions for homebuyers and owners. Our services include loan origination, rate negotiation, and underwriting support for primary residences, investment properties, and second homes. We specialize in matching clients with programs that fit their financial profiles, ensuring competitive rates and flexible terms.
Reverse Mortgages
Reverse mortgages allow seniors aged 62+ to convert home equity into tax-free income. We guide clients through HUD-approved programs, explaining eligibility requirements, repayment terms, and usage options for home improvements, healthcare, or debt consolidation while maintaining home ownership.
Loan Programs
We offer FHA, VA, conventional, jumbo, and commercial loan programs with varying terms and down payment requirements. Our experts explain conforming/non-conforming limits, adjustable-rate caps, and specialized options like FHA 203(k) rehabilitation loans for property upgrades.
Refinance Options
Our refinance services help homeowners lower monthly payments, shorten loan terms, or access equity. We facilitate rate-and-term refinancing, cash-out options, and FHA streamline programs with minimal documentation requirements.
Pre-Qualification Process
We provide pre-qualification assessments to determine borrowing capacity before house hunting. This service evaluates credit profiles, income documentation, and debt-to-income ratios to establish realistic price ranges and strengthen purchase offers.
People
Jose S. Castelo
President
Jose S. Castelo leads Castle Mortgage Broker with over 25 years of experience in residential finance. He oversees strategic operations and ensures compliance with state and federal regulations across multiple licensing jurisdictions.
Joseph J. Castelo
Mortgage Originator
Joseph J. Castelo specializes in mortgage origination, helping clients navigate loan programs since joining the company. His expertise includes FHA, conventional, and reverse mortgages, with a focus on personalized client support.
Questions
What mortgage options are available for first-time homebuyers?
We offer FHA loans with low down payments, conventional loans, and state-specific programs for first-time buyers. Our team explains eligibility requirements and helps select the best option based on your financial situation.
Can I refinance my existing mortgage?
Yes, we provide rate-and-term refinancing, cash-out refinancing, and FHA streamline options. Refinancing can lower monthly payments, reduce loan terms, or access home equity for renovations or debt consolidation.
What are the benefits of a reverse mortgage?
Reverse mortgages allow seniors aged 62+ to convert home equity into tax-free income without monthly payments. Funds can be used for living expenses, healthcare, home repairs, or travel while maintaining home ownership.
How do I get pre-qualified for a mortgage?
Contact us for a pre-qualification assessment. We'll review your credit profile, income documentation, and debt-to-income ratio to determine borrowing capacity and establish realistic home price ranges.
What loan programs do you offer for investment properties?
We provide conventional and jumbo loans for investment properties, including multi-family homes and commercial real estate. Terms vary based on property type, down payment, and borrower qualifications.
