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2 agents listed
Updated May 2026
New Prague, 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 New Prague, 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.
Distinctive Mortgages
1301 1st St NE, New Prague, MN 56071
8776519560
US Bank Mortgage
111 Central Ave N, New Prague, MN 56071
8008722657
Mortgage brokers in New Prague, Minnesota help homebuyers and homeowners find suitable loan options from multiple lenders. Minnesota law requires mortgage brokers to be licensed through the Minnesota Department of Commerce. Brokers can assist with conventional loans, FHA loans, and USDA loans common in rural areas near New Prague.
What Does a Mortgage Broker in New Prague Cost?
Mortgage broker fees in Minnesota typically range from 1% to 2% of the loan amount. For a $300,000 home, this means $3,000 to $6,000 in broker compensation. Some brokers charge a flat fee between $2,500 and $5,000. Costs vary by lender, loan type, and borrower credit profile. 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 New Prague do?
A mortgage broker acts as an intermediary between you and lenders. They gather your financial information, shop for loan options, and help you choose a mortgage product that fits your needs.
Do I need a license to be a mortgage broker in Minnesota?
Yes, mortgage brokers must be licensed by the Minnesota Department of Commerce under Minnesota Statutes Chapter 58. This includes passing a background check and completing pre-licensing education.
How long does the mortgage process take in Minnesota?
The typical mortgage process takes 30 to 45 days from application to closing. Minnesota law requires a three business day right of rescission for refinances on primary residences.
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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.