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Mortgage Brokers in Bannockburn, IL

Looking for a mortgage broker in Bannockburn? Review the directory below to compare your options.

2 agents listed
Updated May 2026
Bannockburn, IL
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 Illinois before hiring.
Showing 2 mortgage brokers in Bannockburn, IL Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Val King at OriginPoint (NMLS #247722)
2121 Waukegan Rd Suite 100A, Bannockburn, IL 60015
3128814317
Michael Waldman at OriginPoint (NMLS #56164)
2333 Waukegan Rd Suite 240, Bannockburn, IL 60015
3127197864

Mortgage brokers in Bannockburn, Illinois help home buyers and refinancers find suitable loan products from multiple lenders. Illinois law requires mortgage brokers to be licensed through the Illinois Department of Financial and Professional Regulation under the Residential Mortgage License Act. Working with a local broker can provide access to specialized loan programs and personalized guidance for the Bannockburn real estate market.

What Does a Mortgage Broker in Bannockburn Cost?

Mortgage broker fees in Illinois typically range from 1 percent to 3 percent of the loan amount. For a $300,000 home loan, this means $3,000 to $9,000 in broker compensation. Some brokers charge a flat fee between $2,500 and $5,000. Costs vary by loan type and lender. This information is general 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 Illinois?
A mortgage broker must hold a valid Residential Mortgage License from the Illinois Department of Financial and Professional Regulation. This license requires passing a background check and completing pre-licensing education.
How long does a mortgage pre-approval last in Illinois?
A mortgage pre-approval from a broker in Illinois typically lasts 60 to 90 days. The exact time frame depends on the lender and changes in your financial situation.
Are mortgage broker fees regulated in Illinois?
Yes, Illinois law requires brokers to disclose all fees in a Good Faith Estimate or Loan Estimate within three business days of application. Fees cannot exceed the amounts disclosed without a valid change of circumstance.