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 Maryland before hiring.
Showing 2 mortgage brokers in Solomons, MD
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Sherri Bowen - AnnieMac Home Mortgage
14532 Solomons Island Rd S Suite 300, Solomons, MD 20688
2404318384
Edward Jones - Financial Advisor: Lisa M Grimes, AAMS®|CRPC™
14350 Solomons Island Rd S #204a, Solomons, MD 20688
4103941765
What Does a Mortgage Broker in Solomons Cost?
Mortgage broker fees in Maryland typically range from 1% to 2% of the loan amount. For a $300,000 home loan, this could be $3,000 to $6,000. Some brokers are paid by the lender through yield spread premiums, which may reduce your upfront costs. Costs vary by situation 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 in Solomons do?
A mortgage broker acts as an intermediary between you and multiple lenders. They gather your financial information, shop for loan options, and help you choose a mortgage that fits your needs. In Maryland, brokers must be licensed by the Maryland Department of Labor.
Do I need a mortgage broker to buy a home in Solomons?
No, you can work directly with a bank or credit union. However, a broker can compare products from many lenders to find competitive rates and terms. This can be helpful in a competitive market like Solomons.
How are mortgage brokers in Maryland regulated?
Mortgage brokers in Maryland must hold a license under the Maryland Mortgage Lender Law. They are required to disclose all fees and provide a Loan Estimate within three business days of your application. The Maryland Department of Labor oversees compliance.