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 Massachusetts before hiring.
Showing 7 mortgage brokers in Amherst, 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.
UMassFive College Federal Credit Union
1 Campus Center Way, Amherst, MA 01003
(413) 256-5500
umassfive.coop
Matthew Crowner, William Raveis R.E. & Home Services
200 Triangle St, Amherst, MA 01002
(413) 687-2103
matthewcrowner.raveis.com
Danielle Berthiaume - Mortgage Loan Officer
243 Triangle St, Amherst, MA 01002
(413) 539-4867
td.com
What Does a Mortgage Broker in Amherst Cost?
Mortgage broker fees in Massachusetts typically range from 1% to 2% of the loan amount. For a $400,000 home this means a fee between $4,000 and $8,000. Some brokers charge a flat fee instead of a percentage. Costs vary by lender loan type and complexity of your case. 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 Amherst Massachusetts?
A mortgage broker acts as an intermediary between you and multiple lenders to find a loan that fits your needs. They handle paperwork and guide you through the application process. In Massachusetts brokers must follow state licensing rules and disclose their fees upfront.
Is a mortgage broker required to be licensed in Massachusetts?
Yes Massachusetts requires all mortgage brokers to be licensed through the Nationwide Multistate Licensing System. You can verify a brokers license on the Massachusetts Division of Banks website. Unlicensed activity is illegal and can result in penalties.
What documents do I need to apply with a mortgage broker in Amherst?
Typical documents include recent pay stubs tax returns bank statements and photo identification. For self employed borrowers brokers may ask for profit and loss statements. Massachusetts law also requires a Good Faith Estimate of closing costs within three days of application.