Find Mortgage Brokers Near You in Clarendon Hills, IL
Compare mortgage brokers in Clarendon Hills. Review contact information and insurance categorys before you decide.
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
State Mortgage Licensing Authority of Illinois before hiring.
Showing 3 mortgage brokers in Clarendon Hills, 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.
What Does a Mortgage Broker in Clarendon Hills Cost?
Mortgage broker fees in Illinois typically range from 1% to 2% of the loan amount. For a $300,000 loan this means a fee of $3,000 to $6,000. Some brokers charge a flat fee instead which can be $2,000 to $5,000. Closing costs in Illinois also include title insurance appraisal fees and recording fees which average 2% to 5% of the purchase price. 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 Illinois?
Mortgage brokers in Illinois must hold a Mortgage Broker License from the Illinois Department of Financial and Professional Regulation. They must also complete continuing education every year to renew their license.
How do mortgage brokers in Clarendon Hills get paid?
Mortgage brokers typically earn a commission based on the loan amount. This fee is usually between 1% and 2% of the loan and can be paid by the borrower the lender or both. Illinois law requires brokers to disclose all fees in a Loan Estimate within three business days of application.
What documents do I need to apply for a mortgage in Clarendon Hills?
You will need recent pay stubs W-2 forms tax returns bank statements and proof of identification. Self employed borrowers may also need profit and loss statements. Illinois law does not require additional state specific documents beyond federal requirements.