Compare Mortgage Brokers in Shrewsbury, MA
Browse mortgage brokers serving Shrewsbury, 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 7 mortgage brokers in Shrewsbury, 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 Shrewsbury Massachusetts help home buyers and refinancers find suitable loan products from multiple lenders. Under Massachusetts law brokers must be licensed by the Division of Banks and follow strict disclosure rules. They can assist with conventional FHA VA and jumbo loans for properties in Worcester County.
What Does a Mortgage Broker in Shrewsbury Cost?
Typical mortgage broker costs in Massachusetts range from 1 percent to 2.75 percent of the loan amount. This fee is often paid by the borrower at closing or can be included in the loan. Some brokers charge a flat fee between 2500 and 5000 dollars. Costs vary based on loan type property value and lender requirements. 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. This license requires passing a background check and completing pre licensing education. Brokers also register through the Nationwide Multistate Licensing System.
How do I verify a mortgage broker in Shrewsbury?
You can verify a brokers license on the NMLS Consumer Access website. Search by the brokers name or NMLS number. Massachusetts requires brokers to display their license number on all advertisements and documents.
Are there specific rules for mortgage brokers in Massachusetts?
Yes Massachusetts law requires brokers to provide a Good Faith Estimate and a Loan Estimate within three business days of application. Brokers must also disclose all fees and yield spread premiums. State law prohibits steering borrowers into loans that are not suitable.