Mortgage brokers in Poughkeepsie help home buyers and homeowners find suitable loan products from multiple lenders. In New York, brokers must be licensed by the Department of Financial Services and follow strict disclosure rules under New York Banking Law Article 12-D. Local brokers understand the specific housing market in Dutchess County and can assist with conventional, FHA, VA, and jumbo loans.
What Does a Mortgage Broker in Poughkeepsie Cost?
Mortgage broker fees in New York typically range from 1% to 2% of the loan amount. For a $300,000 loan, this could be $3,000 to $6,000. Some brokers charge a flat fee of $2,500 to $5,000. Additional costs include application fees, credit report fees, and origination charges. New York law requires all fees to be disclosed in the Loan Estimate within three business days. 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.
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