A mortgage broker in Pelham, New York helps home buyers and refinancers find suitable loan products from multiple lenders. New York law requires mortgage brokers to be licensed by the Department of Financial Services and to provide a detailed Loan Estimate within three business days of a completed application. Local brokers understand the Pelham real estate market and can guide you through the specific requirements for Westchester County properties.
What Does a Mortgage Broker in Pelham Cost?
Mortgage broker fees in New York typically range from 1% to 2% of the loan amount, though some brokers charge a flat fee of $3,000 to $8,000. Additional costs may include application fees, processing fees, and third-party charges like appraisal and credit report fees. New York law requires that all broker fees be clearly disclosed in the Loan Estimate. 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.
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