Compare Mortgage Brokers in Chicago, IL
Looking for a mortgage broker in Chicago? 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 Illinois before hiring.
Showing 20 mortgage brokers in Chicago, IL
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 Chicago Illinois help borrowers find home loans from multiple lenders. They can assist with conventional FHA and VA loans. Illinois law requires mortgage brokers to be licensed by the Illinois Department of Financial and Professional Regulation and to follow the Illinois Residential Mortgage License Act.
What Does a Mortgage Broker in Chicago Cost?
Mortgage broker fees in Illinois typically range from 1% to 2% of the loan amount. For a $300,000 loan this could be $3,000 to $6,000. Some brokers charge a flat fee instead. Costs vary based on loan complexity and lender requirements. 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 does a mortgage broker do in Chicago?
A mortgage broker acts as an intermediary between you and potential lenders. They gather your financial information shop for loan options and help you complete the application process. In Illinois brokers must provide a good faith estimate of costs within three business days of your application.
How do I choose a mortgage broker in Illinois?
Look for a broker licensed with the Illinois Department of Financial and Professional Regulation. Check their history on the Nationwide Multistate Licensing System. Ask about their experience with Chicago area properties and their fee structure before you proceed.
Are there specific rules for mortgage brokers in Illinois?
Yes Illinois has strict rules under the Residential Mortgage License Act. Brokers must disclose all fees in writing and cannot charge a fee until you receive a loan commitment. They must also provide a Loan Estimate within three business days of your application.