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Looking for a mortgage broker in Farmington? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Farmington, MN
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 Minnesota before hiring.
Showing 2 mortgage brokers in Farmington, MN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Karli Spahr - American Dream Home Team
17618 Foxboro Ct, Farmington, MN 55024
6518888180
Wade Hatch - M&M Mortgage LLC
19868 Butternut Trail, Farmington, MN 55024
6512783925
Mortgage brokers in Farmington, Minnesota help home buyers and homeowners find suitable loan products from multiple lenders. They are licensed by the Minnesota Department of Commerce and must follow state regulations. Working with a local broker can simplify the process of securing a mortgage for a home in Dakota County.
What Does a Mortgage Broker in Farmington Cost?
Mortgage broker fees in Minnesota 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 may charge a flat fee or receive compensation from the lender. Costs vary by broker 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 Farmington do?
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. They do not lend money directly but connect you with lenders.
Do I need a mortgage broker to buy a home in Farmington?
No, you can work directly with a bank or credit union. However, a broker can offer access to multiple lenders and loan programs. This may help you find a competitive rate or a loan that fits your specific situation.
Are mortgage brokers in Minnesota regulated?
Yes, mortgage brokers in Minnesota must be licensed by the Minnesota Department of Commerce. They must follow the Minnesota Residential Mortgage Originator and Servicer Licensing Act. This law sets requirements for education, background checks, and conduct.
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Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Minnesota.