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 New Mexico before hiring.
Showing 7 mortgage brokers in Gallup, NM
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
World Finance
1704 E Hwy 66, Gallup, NM 87301
5057226833
Regional Finance
805 US-491, Gallup, NM 87301
5053996013
World Finance
1211 US-491, Gallup, NM 87301
5057269131
OneMain Financial
1746 W Maloney Ave, Gallup, NM 87301
5057225306
Mesa Loans
112 Boardman Dr, Gallup, NM 87301
5058632224
Superior Mortgage Corporation
Gallup, NM 87301
5058638912
US Bank Mortgage
101 W Hill Ave, Gallup, NM 87301
8008722657
What Does a Mortgage Broker in Gallup Cost?
Mortgage broker fees in New Mexico typically range from 1% to 2% of the loan amount. For a $200,000 home, this means $2,000 to $4,000 in broker fees. Some brokers charge a flat fee instead, often $2,500 to $5,000. You may also pay third-party costs like appraisal and credit report fees. These fees vary based on loan type and lender. 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 Gallup New Mexico?
A mortgage broker acts as a middleman between you and potential lenders. They gather your financial information, shop loan offers, and help you choose a mortgage that fits your needs. In New Mexico, brokers must follow state licensing rules and disclose their fees upfront.
Do I need a license to be a mortgage broker in New Mexico?
Yes, New Mexico requires all mortgage brokers to hold a state license through the New Mexico Regulation and Licensing Department. Brokers must also pass a background check and complete continuing education. You can verify a brokers license on the Nationwide Multistate Licensing System website.
What documents do I need to apply for a mortgage in Gallup?
You typically need recent pay stubs, tax returns for two years, bank statements, and a valid ID. For New Mexico loans, you may also need proof of any tribal land lease or trust land approval if the property is on the Navajo Nation. Your broker will give you a complete list.