Find Mortgage Brokers in Racine, WI
Looking for a mortgage broker in Racine? Review the directory below to compare your options.
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 Wisconsin before hiring.
Showing 12 mortgage brokers in Racine, WI
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 Racine Cost?
Mortgage broker costs in Wisconsin typically include an origination fee of 1% to 2% of the loan amount. For a $250,000 home, this fee would be $2,500 to $5,000. Additional costs may include application fees, processing fees, and underwriting fees. Some brokers are paid by the lender through yield spread premiums, which can reduce upfront costs for the borrower. Costs vary by lender and loan type. 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 Wisconsin?
Mortgage brokers in Wisconsin must hold a license from the Wisconsin Department of Financial Institutions. They must also register with the Nationwide Multistate Licensing System and Registry. This ensures they meet state education and background check requirements.
How long does it take to close a mortgage in Wisconsin?
A typical mortgage closing in Wisconsin takes 30 to 45 days from application to closing. This timeline can vary based on loan type, property appraisal, and the borrower's financial documentation. Wisconsin law does not set a specific maximum time limit for closings.
What is the Wisconsin mortgage broker fee limit?
Wisconsin law does not set a maximum fee for mortgage brokers. However, brokers must disclose all fees in a Good Faith Estimate or Loan Estimate. Typical broker fees range from 1% to 2% of the loan amount. Always review the fee disclosure before signing.