Mortgage Lenders in Beverly, MA
Browse mortgage lenders serving Beverly, Massachusetts. Contact information and addresses listed below.
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 Massachusetts before hiring.
Showing 13 mortgage lenders in Beverly, MA
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 lenders in Beverly Massachusetts help home buyers and homeowners secure financing for property purchases and refinancing. Massachusetts law requires lenders to provide a Good Faith Estimate and a Truth in Lending disclosure within three business days of application. Local lenders understand the Beverly real estate market and can guide you through the state specific closing process.
What Does a Mortgage Lender in Beverly Cost?
Typical costs for a mortgage lender in Massachusetts include an origination fee of 0.5% to 1% of the loan amount, an appraisal fee of $400 to $700, and title insurance costs of $1,500 to $3,000. Closing costs generally range from 2% to 5% of the purchase price. These figures vary by loan type and lender. 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 documents do I need to apply for a mortgage in Beverly Massachusetts?
You typically need pay stubs, tax returns, bank statements, and identification. Massachusetts lenders also require a signed purchase and sale agreement if you are buying a home.
How long does the mortgage process take in Massachusetts?
The process usually takes 30 to 45 days from application to closing. Massachusetts law allows a three day right of rescission for refinances, which adds a short delay.
Are there special mortgage programs for first time buyers in Massachusetts?
Yes. Massachusetts offers programs like MassHousing and ONE Mortgage for first time buyers. These programs provide lower down payments and reduced mortgage insurance requirements.