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Showing 2 mortgage lenders in Swampscott, 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.
Salem Five Bank
450 Paradise Rd, Swampscott, MA 01907
7815937918
REAL ESTATE and Company
444 Humphrey St, Swampscott, MA 01907
9787647504
What Does a Mortgage Lender in Swampscott Cost?
Typical costs for a mortgage lender in Massachusetts include an origination fee of 0.5 to 1 percent of the loan amount, appraisal fees of 400 to 700 dollars, and title insurance of 500 to 1,000 dollars. Closing costs generally range from 2 to 5 percent of the purchase price. 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 Swampscott?
You typically need pay stubs, tax returns, bank statements, and photo identification. Massachusetts lenders also require a signed purchase and sale agreement before final approval.
How long does a mortgage application 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 but not for purchase loans.
Are there first time home buyer programs in Massachusetts?
Yes, MassHousing offers low down payment loans and down payment assistance for eligible buyers. The Massachusetts Housing Partnership also provides affordable mortgage options for Swampscott residents.