Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the California before hiring.
Showing 2 mortgage brokers in Rancho Cordova, CA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Mortgage Consultants Group
2200 Sunrise Blvd #168, Rancho Cordova, CA 95670
9166691682
US Bank Mortgage
3217 Zinfandel Dr, Rancho Cordova, CA 95670
8008722657
What Does a Mortgage Broker in Rancho Cordova Cost?
Mortgage broker fees in California typically range from 0.5 percent to 2.75 percent of the loan amount. For a 400000 dollar loan this means a fee between 2000 and 11000 dollars. Costs vary based on loan type lender and broker compensation structure. Some brokers charge a flat fee while others earn a yield spread premium from the lender. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What license does a mortgage broker need in California?
A mortgage broker in California must hold a valid license from the California Department of Financial Protection and Innovation. They must also register with the Nationwide Multistate Licensing System and Registry. This ensures they meet state education and background check requirements.
How long does it take to close a loan in Rancho Cordova?
A typical mortgage loan in California takes 30 to 45 days to close from application to funding. Delays can occur due to appraisal issues or document verification. California law requires a three business day right of rescission for refinances on primary residences.
Are there specific rules for mortgage brokers in California?
Yes California has strict rules under the California Finance Lenders Law and the Real Estate Law. Brokers must provide a Good Faith Estimate and a Loan Estimate within three business days of application. They cannot charge fees before providing these disclosures.