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 Massachusetts before hiring.
Showing 3 mortgage brokers in Falmouth, 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.
Slade Mortgage Group
160 Katharine Lee Bates Rd, Falmouth, MA 02540
5085480177
MortgageSafe
200 Main St, Falmouth, MA 02540
7743921295
Embrace Home Loans-Masschussetts - Falmouth
350 Gifford St Unit E-23, Falmouth, MA 02540
8003333004
What Does a Mortgage Broker in Falmouth Cost?
In Massachusetts, mortgage brokers typically charge an origination fee of 0.5% to 2.75% of the loan amount. Some brokers may also charge a flat fee ranging from $1,000 to $3,000. Additional costs can include application fees, credit report fees, and processing fees. These costs are usually disclosed in the Loan Estimate you receive after applying. 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 license does a mortgage broker need in Massachusetts?
Massachusetts requires mortgage brokers to hold a valid license from the Division of Banks under the Massachusetts Mortgage Broker and Lender Law. Brokers must also register with the Nationwide Multistate Licensing System (NMLS). You can verify a brokers license on the NMLS Consumer Access website.
How do Falmouth mortgage brokers differ from bank loan officers?
A mortgage broker works as an intermediary between you and multiple lenders, while a bank loan officer only offers products from that specific bank. Brokers in Falmouth may have access to specialized loan programs for seasonal homes or properties near the water. They can often compare rates and terms across several lenders to find a suitable option for your situation.
What documents do I need to apply for a mortgage in Falmouth?
Typical documents include recent pay stubs, W-2s or tax returns for the last two years, bank statements, and proof of assets. For Falmouth properties, you may also need a property survey or flood zone determination. Massachusetts law requires lenders to provide a Loan Estimate within three business days of receiving your application.