Mortgage Brokers in Holyoke, MA
Browse mortgage brokers serving Holyoke, Massachusetts. Contact information and addresses listed below.
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 6 mortgage brokers in Holyoke, 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 Holyoke Massachusetts help home buyers and homeowners find suitable loan products from multiple lenders. Brokers in this area must hold a Massachusetts mortgage broker license issued by the Division of Banks. Holyoke residents can use a broker to compare rates and terms for conventional FHA or VA loans.
What Does a Mortgage Broker in Holyoke Cost?
Mortgage broker costs in Massachusetts typically range from 1 to 2 percent of the loan amount. For a 300000 dollar loan this equals 3000 to 6000 dollars. Some brokers charge a flat fee of 2000 to 5000 dollars. Costs vary by loan type and lender. 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 license does a mortgage broker need in Massachusetts?
A mortgage broker in Massachusetts must hold a valid license from the Division of Banks under Chapter 255E of state law. The license requires passing a background check and completing pre-licensing education. You can verify a brokers license on the Nationwide Multistate Licensing System website.
How does a Holyoke mortgage broker charge for services?
Massachusetts law requires brokers to disclose all fees in a Loan Estimate within three business days of application. Typical broker compensation is paid by the lender as a yield spread premium or by the borrower as a direct fee. This cost is usually 1 to 2 percent of the loan amount.
What documents do I need to apply with a Holyoke mortgage broker?
You will need recent pay stubs W-2 forms tax returns bank statements and photo identification. For self-employed borrowers in Holyoke brokers may request two years of tax returns and a profit and loss statement. Massachusetts law also requires proof of homeowners insurance before closing.