Mortgage Brokers in Valley Stream, NY
Compare mortgage brokers in Valley Stream. Review contact information and insurance categorys before you decide.
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 New York before hiring.
Showing 10 mortgage brokers in Valley Stream, NY
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 Valley Stream New York help homebuyers and refinancers find suitable loan products from multiple lenders. They are licensed under New York Banking Law Article 12-D and must follow strict disclosure rules. Working with a local broker can simplify the process of getting a mortgage in Nassau County.
What Does a Mortgage Broker in Valley Stream Cost?
Mortgage broker fees in New York typically range from 1 percent to 2 percent of the loan amount. Some brokers charge a flat fee between 2500 and 5000 dollars. You may also pay third party costs like appraisal and credit report fees. Costs vary by lender and loan type. 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 Valley Stream New York?
A mortgage broker acts as an intermediary between you and potential lenders. They gather your financial information, shop for loan options from various banks and credit unions, and help you complete the application process. In New York, brokers must provide a Loan Estimate within three business days of receiving your application.
How do I choose a mortgage broker in Valley Stream?
Look for a broker licensed through the Nationwide Multistate Licensing System NMLS. Check their history on the NMLS Consumer Access website. Ask about their experience with New York specific loan programs and whether they work with local lenders familiar with Valley Stream property values.
Are there New York specific rules for mortgage brokers?
Yes. New York requires mortgage brokers to have a surety bond and to follow the Mortgage Loan Originator Licensing Act. They must also provide you with a written disclosure of their fees and any compensation they receive from lenders. This is required under New York General Business Law Section 352-e.