Find Mortgage Brokers in Lynn, MA
Directory of mortgage brokers in Lynn, 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 8 mortgage brokers in Lynn, 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.
A mortgage broker in Lynn Massachusetts can help you find home loan options from multiple lenders. Massachusetts law requires all mortgage brokers to be licensed by the state Division of Banks. Lynn residents often work with brokers to navigate local housing market conditions and Massachusetts specific loan programs.
What Does a Mortgage Broker in Lynn Cost?
Typical mortgage broker costs in Massachusetts range from 1% to 2% of the loan amount. For a $400,000 home, that equals $4,000 to $8,000 in broker fees. Some brokers charge a flat fee of $2,500 to $5,000 instead of a percentage. You may also pay application fees and third party costs for appraisal and credit report. Costs vary by loan type and broker. 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 must hold a valid license from the Massachusetts Division of Banks. The license requires passing a background check and completing pre-licensing education. You can verify a brokers license on the state website.
How do mortgage brokers charge in Massachusetts?
Massachusetts brokers typically charge a fee between 1% and 2% of the loan amount. Some brokers are paid by the lender instead of the borrower. You must receive a Loan Estimate within three business days of applying.
Can a broker help with first time home buyer programs in Lynn?
Yes. Massachusetts offers first time home buyer programs like MassHousing and ONE Mortgage. A broker can explain eligibility requirements and help you compare these programs with conventional loans.