Find Mortgage Brokers Near You in Beverly, MA
Looking for a mortgage broker in Beverly? Review the directory below to compare your options.
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 Massachusetts before hiring.
Showing 10 mortgage brokers in Beverly, MA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Mortgage brokers in Beverly Massachusetts help homebuyers and homeowners find suitable loan options from multiple lenders. They guide clients through the Massachusetts mortgage process, which includes state-specific rules like the 30-day right of rescission for refinances. Brokers can assist with conventional, FHA, and VA loans for properties in Essex County.
What Does a Mortgage Broker in Beverly Cost?
Mortgage brokers in Massachusetts typically charge a fee of 1% to 2% of the loan amount. For a $400,000 home, this equals $4,000 to $8,000. Some brokers are paid by the lender instead. Costs vary based on loan type and complexity. This is general information, 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 Beverly Massachusetts?
A mortgage broker acts as an intermediary between you and potential lenders. They gather your financial information, shop for loan products, and help you complete the application process. In Massachusetts, brokers must be licensed by the Division of Banks.
Do I need a mortgage broker to buy a home in Beverly?
No, you can work directly with a bank or credit union. However, a broker may offer access to more lenders and loan types. This can be helpful in a competitive market like the North Shore.
What documents do I need for a mortgage broker in Massachusetts?
You typically need recent pay stubs, W-2 forms, tax returns, bank statements, and identification. Massachusetts also requires proof of homeowners insurance and a property appraisal. Your broker will provide a full checklist.