Find Mortgage Brokers Near You in Detroit, MI
Browse mortgage brokers serving Detroit, Michigan. 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 Michigan before hiring.
Showing 20 mortgage brokers in Detroit, MI
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 Detroit help home buyers and refinancing clients find loan options from multiple lenders. Michigan law requires brokers to be licensed through the Department of Insurance and Financial Services. Brokers can assist with FHA conventional and USDA loans for properties across the city and surrounding suburbs.
What Does a Mortgage Broker in Detroit Cost?
Mortgage broker fees in Michigan typically range from 1% to 2% of the loan amount. Some brokers charge a flat fee between 2500 and 5000 dollars. Costs vary based on loan complexity property location and the lenders involved. 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 does a mortgage broker do in Detroit Michigan?
A mortgage broker acts as an intermediary between you and potential lenders. They gather your financial information compare loan offers and help you choose a mortgage product that fits your needs. Brokers do not lend money directly but work with banks credit unions and other lending institutions.
How do I choose a mortgage broker in Detroit?
Look for a broker licensed with the Michigan Department of Insurance and Financial Services. Check their experience with local Detroit properties and ask about their fee structure. You can verify a brokers license through the Nationwide Multistate Licensing System.
Are there Michigan laws that protect borrowers working with mortgage brokers?
Yes Michigan has specific laws under the Mortgage Brokers Lenders and Servicers Licensing Act. This act requires brokers to disclose all fees and terms in writing. Borrowers also have a three day right of rescission for most refinance loans under federal law.