Find Mortgage Brokers in Danvers, MA
Directory of mortgage brokers in Danvers, Massachusetts. Verify credentials with the state state mortgage licensing authority before hiring.
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 19 mortgage brokers in Danvers, 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 Danvers Massachusetts help home buyers and homeowners find suitable loan products from multiple lenders. These professionals work under Massachusetts state licensing requirements and can assist with conventional FHA VA and jumbo loans. Local brokers understand the North Shore real estate market and can guide you through the Massachusetts home buying process.
What Does a Mortgage Broker in Danvers Cost?
Mortgage broker fees in Massachusetts typically range from 0.5% to 2.75% of the loan amount depending on the loan type and complexity. For a $400,000 home loan this could mean fees between $2,000 and $11,000. Some brokers charge a flat fee of $1,500 to $3,000 for simpler transactions. Massachusetts law requires full disclosure of all costs on the Loan Estimate form. 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 Massachusetts?
Mortgage brokers in Massachusetts must hold a valid license from the Division of Banks. They must pass a criminal background check and complete pre-licensing education. Brokers are also required to renew their license annually and maintain a surety bond.
How do mortgage brokers in Danvers charge for their services?
Mortgage brokers typically earn a commission from the lender which is a percentage of the loan amount. Massachusetts law requires brokers to disclose all fees in a Good Faith Estimate within three business days of application. Some brokers may also charge an origination fee that ranges from 0.5% to 1.5% of the loan amount.
What documents do I need to apply with a Danvers mortgage broker?
You will need recent pay stubs W-2 forms tax returns for the last two years bank statements and proof of identification. Massachusetts law also requires proof of Massachusetts residency for certain loan programs. Your broker will provide a complete checklist during the initial consultation.