Find Mortgage Brokers in Memphis, TN
Compare mortgage brokers in Memphis. 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 Tennessee before hiring.
Showing 19 mortgage brokers in Memphis, TN
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 Memphis Cost?
Mortgage broker fees in Tennessee typically range from 1% to 2% of the loan amount. For a $250,000 home this means a fee of $2,500 to $5,000. Some brokers charge a flat fee between $1,000 and $3,000. Costs vary based on loan complexity and lender requirements. 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 Memphis?
A mortgage broker acts as an intermediary between you and potential lenders. They gather your financial information and shop for loan terms on your behalf. Brokers do not lend money directly but help you find a suitable loan product.
How do I choose a mortgage broker in Tennessee?
Check that the broker is licensed with the Tennessee Department of Financial Institutions. Ask about their experience with Memphis area properties and the types of loans they offer. Read online reviews and request a fee estimate before proceeding.
Are there Tennessee specific rules for mortgage brokers?
Yes Tennessee requires mortgage brokers to be licensed and follow the Tennessee Residential Lending Act. Brokers must provide a written disclosure of fees and any conflicts of interest. They cannot charge upfront fees without a signed agreement.