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 Maine before hiring.
Showing 2 mortgage brokers in Biddeford, ME
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Jim Frechette - Geneva Financial, NMLS #1602897
180 Pool St Suite 111, Biddeford, ME 04005
(207) 651-5955
genevafi.com
Meg Faulkner – Mortgage Loan Officer at Bangor Savings Bank NMLS 184955
208 Main St, Biddeford, ME 04005
(207) 289-9575
bangor.com
What Does a Mortgage Broker in Biddeford Cost?
Mortgage broker fees in Maine typically range from 1% to 2% of the loan amount. For a $300,000 home, this means $3,000 to $6,000 in broker compensation. Some brokers charge a flat fee of $2,500 to $5,000 instead. Additional costs may include application fees, credit report fees, and origination charges. Costs vary by lender and loan type. 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 do in Biddeford Maine?
A mortgage broker acts as an intermediary between you and potential lenders. They gather your financial information, shop for loan options, and help you through the application process. In Maine, brokers must follow the Maine Consumer Credit Code and disclose all fees upfront.
How do I choose a mortgage broker in Biddeford?
Look for a broker licensed in Maine through the NMLS database. Ask about their experience with local lenders and their knowledge of Biddeford property values. Check online reviews and ask for references from past clients.
Are there Maine specific rules for mortgage brokers?
Yes. Maine requires mortgage brokers to be licensed and to provide a Good Faith Estimate of costs within three business days of application. Brokers must also follow the Maine Truth in Lending Act and cannot charge fees without written disclosure.