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 Illinois before hiring.
Showing 2 mortgage brokers in Danville, 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.
Flat Branch Home Loans
616 N Vermilion St, Danville, IL 61832
2172072070
New American Funding - Danville
616 N Vermilion St, Danville, IL 61832
2172901246
What Does a Mortgage Broker in Danville Cost?
Mortgage broker fees in Illinois typically range from 1% to 2% of the loan amount. For a $200,000 home, this means $2,000 to $4,000 in broker fees. Some brokers charge a flat fee instead, often between $1,500 and $3,000. Additional costs include appraisal fees ($400 to $600) and credit report fees ($30 to $50). 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 does a mortgage broker do in Danville?
A mortgage broker acts as a middleman between you and lenders. They gather your financial information, shop for loan options, and help you apply for a mortgage. They do not lend money directly but connect you with lenders that fit your needs.
Do I need a license to be a mortgage broker in Illinois?
Yes, mortgage brokers in Illinois must hold a valid license from the Illinois Department of Financial and Professional Regulation. They also must register with the Nationwide Multistate Licensing System. You can verify a brokers license on the NMLS Consumer Access website.