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 Minnesota before hiring.
Showing 3 mortgage brokers in St Louis Park, MN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
New American Funding - Saint Louis Park, MN
5320 W 23rd St #350, St Louis Park, MN 55416
9522133160
SWBC Mortgage Corp - Brandon Olson
600 US-169 Ste 700, St Louis Park, MN 55426
6124379567
Grove Bank Mortgage
5000 W 36th St UNIT 225, St Louis Park, MN 55416
6123278303
What Does a Mortgage Broker in St Louis Park Cost?
Mortgage broker fees in Minnesota typically range from 1% to 2% of the loan amount, though some brokers charge a flat fee of $2,000 to $5,000. Additional costs may include application fees, appraisal fees, and origination points. Costs vary by lender and loan type. 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 does a mortgage broker do in St Louis Park?
A mortgage broker acts as an intermediary between you and multiple lenders to find a loan that fits your needs. They handle paperwork, compare rates, and guide you through the application process. In Minnesota, brokers must provide a Good Faith Estimate of costs early in the process.
Do I need a mortgage broker to buy a home in Minnesota?
No, you can work directly with a bank or credit union. However, a broker can offer access to more loan products and may save you time. Minnesota law requires brokers to disclose any fees or conflicts of interest upfront.
How do I choose a mortgage broker in St Louis Park?
Look for a licensed broker with experience in Minnesota lending. Check their status with the Minnesota Department of Commerce and read client reviews. Ask about their fees, lender network, and how they communicate during the process.