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Showing 4 mortgage lenders in Merrimac, 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.
Edward Jones - Financial Advisor: Todd S Schell
12 Merrimac Square, Merrimac, MA 01860
(978) 388-8841
edwardjones.com
What Does a Mortgage Lender in Merrimac Cost?
Typical mortgage lender costs in Massachusetts include an origination fee of 0.5% to 1% of the loan amount, appraisal fees from $500 to $700, and title insurance ranging from $1,500 to $3,000. Closing costs generally total 2% to 5% of the purchase price. 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 documents do I need for a mortgage application in Merrimac?
You typically need pay stubs, tax returns, bank statements, and photo 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 mandates a three-day right of rescission for refinances, which can extend the timeline.
Are there first-time homebuyer programs in Merrimac?
Yes, Massachusetts offers programs like MassHousing and the ONE Mortgage Program. These provide low down payment options and reduced mortgage insurance for qualified first-time buyers.