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 Maryland before hiring.
Showing 2 mortgage brokers in Takoma Park, MD
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Capital One Bank
1181 University Blvd E, Takoma Park, MD 20912
3014397900
Truist
6931 Laurel Ave, Takoma Park, MD 20912
2405330240
What Does a Mortgage Broker in Takoma Park Cost?
Mortgage broker fees in Maryland typically range from 1% to 3% of the loan amount. For a $400,000 home this could be $4,000 to $12,000. Some brokers charge a flat fee instead of a percentage. Costs vary based on loan type, 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 do in Takoma Park?
A mortgage broker acts as an intermediary between you and multiple lenders. They gather your financial information, shop for loan options, and help you complete the application process. In Maryland brokers must follow state disclosure rules and provide a Loan Estimate within three business days of application.
How do I choose a mortgage broker in Maryland?
Look for a broker who is licensed with the Maryland Department of Labor. Check their license status on the NMLS Consumer Access website. Ask about their experience with local Takoma Park properties and whether they work with first time home buyers or specific loan programs.
Are there Maryland specific laws for mortgage brokers?
Yes. Maryland requires mortgage brokers to have a surety bond and to provide a Mortgage Broker Agreement that outlines fees and services. Brokers cannot charge upfront fees before a loan is originated. The state also limits certain prepayment penalties on residential mortgages.