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 Ohio before hiring.
Showing 5 mortgage brokers in Lakewood, OH
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
AskLocal Concierge & Marketplace- Your Smarter Way to Move
17415 Northwood Ave, Lakewood, OH 44107
(833) 512-4663
asklocal.com
Premier Mortgage Consultants LTD
14700 Detroit Ave, Lakewood, OH 44107
(800) 910-9480
premiermortgageltd.com
What Does a Mortgage Broker in Lakewood Cost?
Mortgage broker fees in Ohio typically range from 0.5 percent to 2.75 percent of the loan amount. For a 200,000 dollar loan, this equals 1,000 to 5,500 dollars in broker compensation. Some brokers charge a flat fee between 1,500 and 5,000 dollars. Closing costs in Ohio average 2 to 5 percent of the purchase price. Costs vary by loan type, lender, and borrower qualifications. 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 license does a mortgage broker need in Ohio?
Mortgage brokers in Ohio must hold a valid license from the Ohio Division of Financial Institutions. They also must register with the Nationwide Multistate Licensing System NMLS. You can verify a brokers license on the NMLS consumer access website.
How do Lakewood mortgage brokers get paid?
Brokers typically earn a commission from the lender or a fee paid directly by the borrower. Ohio law requires full disclosure of all fees and compensation in the Loan Estimate form. The total compensation cannot exceed the limits set by federal and state regulations.
What documents do I need to apply for a mortgage in Lakewood?
You generally need recent pay stubs, W-2 forms, tax returns, bank statements, and identification. Ohio lenders also require a property appraisal and title search. Self-employed borrowers may need additional profit and loss statements.