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Showing 2 mortgage brokers in Weston, MA
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Coldwell Banker Realty - Weston
426 Boston Post Rd, Weston, MA 02493
(781) 894-5555
coldwellbankerhomes.com
What Does a Mortgage Broker in Weston Cost?
Typical mortgage broker fees in Massachusetts range from 1 percent to 2 percent of the loan amount. For a $500,000 loan this equals $5,000 to $10,000. Some brokers charge a flat fee between $2,500 and $5,000. Costs vary by lender and loan type. 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 under the Massachusetts Mortgage Broker and Lender Law. They must also register with the Nationwide Multistate Licensing System and Registry.
How does a mortgage broker in Weston get paid?
A mortgage broker earns a fee typically paid by the lender or the borrower. In Massachusetts this fee must be disclosed in a Good Faith Estimate before closing. The cost is usually a percentage of the loan amount.
What documents do I need to apply for a mortgage in Massachusetts?
You will need recent pay stubs, W-2 forms, tax returns, bank statements, and identification. Massachusetts also requires a signed disclosure of the Loan Estimate within three business days of your application.