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 4 mortgage brokers in Carpentersville, 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.
Guild Mortgage Company
1646 Ravine Ln Unit 201, Carpentersville, IL 60110
8472644010
OneMain Financial
7020 Huntley Rd #3, Carpentersville, IL 60110
8477830061
Guild Mortgage - Javier Mendoza
1646 Ravine Ln Unit 201, Carpentersville, IL 60110
8478120469
The Preferred Group
154 S Washington St, Carpentersville, IL 60110
6303727600
What Does a Mortgage Broker in Carpentersville Cost?
Mortgage broker fees in Illinois typically range from 1% to 3% of the loan amount. For a $300,000 home loan, this could mean $3,000 to $9,000 in broker compensation. Some brokers charge a flat fee instead of a percentage. Costs vary based on loan complexity and lender requirements. 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 does a mortgage broker in Carpentersville do?
A mortgage broker acts as an intermediary between you and multiple lenders. They gather your financial information, shop for loan options, and help you choose the best terms for your situation. Brokers do not lend money directly but facilitate the loan process.
How do I choose a mortgage broker in Carpentersville Illinois?
Look for a broker licensed in Illinois through the NMLS database. Check their experience with local property types and ask for references. Compare fees and loan estimates from two or three brokers before making a decision.
Are there Illinois specific rules for mortgage brokers?
Yes, Illinois mortgage brokers must follow the Residential Mortgage License Act. They are required to provide a Loan Estimate within three business days of your application and disclose all fees upfront. Brokers cannot charge fees that are not clearly stated in writing.