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  • Writer's pictureJared Mullane

5 of the best mortgage brokers in Bendigo

Updated: 2 days ago

Finding the right mortgage broker for your next home loan can save you thousands of dollars if it means they can find you a better deal. We’ve curated a list of five of the best mortgage brokers in Bendigo, each with their own expertise and dedication to help make your purchase as seamless as possible.


Top 5 mortgage brokers Bendigo

A mortgage broker with loan documents talking to clients in his office

Here are our picks of five of the best mortgage brokers Bendigo has to offer:

1. Blackbird Mortgage Solutions

Blackbird Mortgage Solutions has a team of award-winning finance experts that navigate hundreds of different loan options to find clients the most suitable solution. Brokers Aaron Connaugton and Melissa Dillon state Blackbird Mortgage Solutions runs on four pillars: trust, empathy, passion and relationships. Offering an easy three-step process, Blackbird Mortgage Solutions can help a wide range of Bendigo borrowers secure their next home loan.


Specialises in:



Lender panel: 30+ lenders


Years in operation: 7+ years


Awards & recognition:


  • The Adviser Better Business Awards 2022 Finalist - Best Regional Office VIC/TAS

  • Commonwealth Bank Elite Broker Status 2021


Google review rating: 5 stars (based on 112 reviews)


Contact:



Business hours: Mon-Fri, 9am - 5pm


Onsite/online appointments: Yes

2. Endeavor Finance

Founded in 2016, Endeavor Finance brings over 15 years of industry experience to help Bendigo clients with their lending needs. Mortgage brokers, Adam Tharle and Llewe Ebery, are associated with a vast network of banks and lenders to give you a range of options to choose. Endeavor Finance says it’ll review your circumstances now and in the future to find the best home loan deals possible.


Specialises in:


  • Home loans

  • First home buyer loans

  • Refinancing

  • Business loans

  • Financial consulting


Lender panel: 25+ lenders


Years in operation: 7+ years


Awards & recognition: None listed


Google review rating: 5 stars (based on 252 reviews)


Contact:



Business hours: Mon-Fri, 8:30am - 5pm


Onsite/online appointments: Yes

3. Loan Market Bendigo

Loan Market Bendigo is a one-stop shop for all your lending needs. Whether it’s loans for first-time buyers, investors or refinancers, Loan Market Bendigo can tap into its extensive lender panel to help find you the best deal. As part of the wider Loan Market Group, this brokerage not only services Bendigo, but also the Macedon Ranges and the northern suburbs of Melbourne.


Specialises in:


  • First home buyer loans

  • Next home loans

  • Refinancing

  • Investment loans

  • Pre-approval


Lender panel: 60+ lenders


Years in operation: 20+ years


Awards & recognition: (nominated to the wider Loan Market group)


  • Australian Mortgage Awards 2021 Winner - Aggregator of the Year (Over 500 Brokers)

  • Australian Mortgage Awards 2020 Winner - Aggregator of the Year (Over 500 Brokers)

  • The Adviser Australian Broking Awards 2019 Winner - Technology Platform of the Year

  • The Adviser Australian Broking Awards 2019 Winner - Industry Thought Leader of the Year

  • The Adviser Top 25 Brokerage 2019


Google review rating: 5 stars (based on 51 reviews)


Contact:



Business hours: Mon-Fri, 9am - 5pm


Onsite/online appointments: Yes

4. Proactive Finance Group

Proactive Finance Group claims to be Bendigo’s trusted mortgage brokerage, offering hundreds of loan products to suit an array of borrower types. The team, consisting of Hayley DeJong and Natalie Bacon, say they work to bring you choice as well as the ‘opportunity to secure the best loan for your circumstances, minus the complication and stress’. Proactive Finance Group also provides assistance with asset finance, commercial and personal loans.


Specialises in:


  • Home loans

  • First home buyer loans

  • Refinancing

  • Investment loans

  • Bad credit loans


Lender panel: 30+ lenders


Years in operation: 7+ years


Awards & recognition:


  • Nominated at the Be.Bendigo Business Excellence Awards 2023-24


Google review rating: 5 stars (based on 42 reviews)


Contact:



Business hours: Mon-Fri, 9am - 5pm


Onsite/online appointments: Yes

5. Bendigo Mortgage Brokers

Glenn McMahon is the principal broker at Bendigo Mortgage Brokers, and brings nearly two decades of finance experience to the region. Bendigo Mortgage Brokers has access to an extensive panel of lenders, giving borrowers a wide range of options that best suit their circumstances. As an aggregate under the Australian Finance Group, Bendigo Mortgage Brokers has the power to negotiate favourable terms on behalf of its clients.


Specialises in:


  • Home loans

  • First home buyer loans

  • Refinancing

  • Investment loans

  • Personal loans


Lender panel: 40+ lenders


Years in operation: 10+ years


Awards & recognition:


  • AFG Finalist Excellence Awards 2022

  • Commonwealth Bank Platinum Broker Status 2022-23


Google review rating: 5 stars (based on 58 reviews)


Contact:



Business hours: 


  • Mon-Thurs, 9am - 5pm

  • Fri, 9am - 4pm


Onsite/online appointments: Yes


How to find the best mortgage brokers in Bendigo

Consider these steps to find the best mortgage brokers in Bendigo:


  • Step1: Research online to assess client feedback for brokers and broking firms.

  • Step 2: Ask for referrals from friends, family, or colleagues who have engaged a Bendigo-based broker recently.

  • Step 3: Schedule a consultation with your preferred broker to see how well they communicate and if they fully understand your needs.

  • Step 4: Select a broker who offers good advice tailored to your individual situation and financial goals.

  • Step 5: Clarify how they’re paid; while brokers typically earn commissions, some may charge upfront fees.


Does your broker have a good understanding of the Bendigo property market?

An aerial view of Bendigo with buildings and home in the background

The property market in Bendigo has experienced a recent decline. Data from realestate.com.au shows that the median house price, which was around $670,000 in mid-2022, has fallen to $540,000 as of April 2024. Even with the downturn, Bendigo's housing market has outperformed many other regions in Victoria from the onset of the pandemic, growing 40.6% since March 2020.


Given it’s only a two-hour drive north west of Melbourne, Bendigo remains a place for homebuyers to invest in, particularly those looking to escape the city. With this in mind, your mortgage broker should have an understanding of the local market, including the Bendigo suburbs that are in demand. 


Your broker should also know the property transaction regulations, such as transfer duty rates, as these can impact your borrowing capacity. Furthermore, a good broker will be across any government grants or incentives that apply to specific borrowers, like first-time buyers. 


On a final note, it’s worth pointing out that the best Bendigo mortgage brokers might have access to products from local lenders that online lenders operating elsewhere may not be able to offer. 


5 questions to ask your Bendigo mortgage broker

Once you weigh the pros and cons of using a broker, and you're ready to use their services, it's time to ask some important questions:


  1. How many lenders do you work with? Brokers usually work with banks, credit unions, and other lenders. Make sure they have a decent spread of options to offer you.

  2. How do you decide which products and lenders to recommend? In Australia, brokers have to be licensed and follow the ‘Best Interests Duty’, a set of guidelines that say they have to recommend what's best for you, not what earns them the most money.

  3. Are there any fees for your service? Usually, brokers don't charge you directly. They get paid by the lender you choose when your loan is sorted out. But in some tricky lending situations, they might charge you a fee.

  4. Is the interest rate the most important thing? A good broker will talk to you about everything in the home loan, like the interest rate, any fees, the terms, and if you can redraw money or have an offset account. They make sure you understand everything in the loan contract.

  5. How long does it take to get pre-approval? The time it takes to get pre-approval can vary depending on the lender. But experienced brokers who know how lenders work should be able to give you an idea of how long it might take.


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Disclaimer: The mortgage brokers presented on this page are based on research carried out by our experts at the time of writing. We are not making a recommendation about any particular brokers. Please use this information as a guide only, and do your own research before engaging with a mortgage broker.

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