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Showing 2 mortgage brokers in Salem, 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.
What Does a Mortgage Broker in Salem Cost?
Mortgage broker costs in Ohio typically include an origination fee of 1 percent to 2 percent of the loan amount. Some brokers charge a flat fee between 2000 and 4000 dollars. Additional costs may include application fees and processing fees. Costs vary by 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 license does a mortgage broker need in Ohio?
A mortgage broker must hold an Ohio Mortgage Broker License issued by the Ohio Division of Financial Institutions. The broker must also pass a background check and complete pre licensing education.
How do I verify a mortgage broker license in Salem Ohio?
You can verify a broker license on the Nationwide Multistate Licensing System website. Ohio requires all brokers to register with NMLS and display their license number.
What fees can a mortgage broker charge in Ohio?
Ohio law allows brokers to charge origination fees and other costs. Typical fees range from 1 percent to 2 percent of the loan amount. All fees must be disclosed in a Good Faith Estimate.