Compare Mortgage Brokers in Suffolk, VA
Compare mortgage brokers in Suffolk. 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 Virginia before hiring.
Showing 9 mortgage brokers in Suffolk, VA
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 Suffolk Virginia help home buyers and homeowners find suitable loan products from multiple lenders. Virginia requires mortgage brokers to hold a license from the State Corporation Commission and follow state regulations. Working with a local broker can simplify the process of securing a conventional FHA or VA loan in the Hampton Roads area.
What Does a Mortgage Broker in Suffolk Cost?
Typical mortgage broker costs in Virginia include an origination fee of 0.5 to 2 percent of the loan amount plus third-party fees for appraisal and credit report. For a 300,000 dollar loan this could be 1,500 to 6,000 dollars. 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 Virginia?
In Virginia mortgage brokers must be licensed by the State Corporation Commission Bureau of Financial Institutions. They must pass a background check and complete pre-licensing education. This license must be renewed annually.
How long does a typical mortgage approval take in Suffolk?
A standard mortgage approval in Virginia usually takes 30 to 45 days from application to closing. Delays can occur if additional documentation is needed. Local brokers in Suffolk can help speed up the process by preparing files correctly.
Are there Virginia-specific rules for mortgage broker fees?
Yes Virginia law limits certain fees and requires brokers to provide a Good Faith Estimate of costs. Broker fees typically range from 1 to 3 percent of the loan amount. All fees must be disclosed in writing before closing.