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 New Jersey before hiring.
Showing 5 mortgage brokers in Bloomfield, NJ
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Aceland Mortgage LLC
16 Orange St # 101, Bloomfield, NJ 07003
9738335288
Peter Vander Valk: Mortgage Loan Officer
16 Orange St # 101, Bloomfield, NJ 07003
7325526844
Reverse Mortgage Funding LLC
1455 Broad St 2nd floor, Bloomfield, NJ 07003
8884940882
Reverse Mortgage Funding LLC - William Hillyer
1455 Broad St 2nd floor, Bloomfield, NJ 07003
9083772939
Reverse Mortgage Funding LLC - Mark Draper
1455 Broad St 2nd floor, Bloomfield, NJ 07003
7324476217
What Does a Mortgage Broker in Bloomfield Cost?
Mortgage broker fees in New Jersey typically range from 1% to 2% of the loan amount. For a $400,000 home, this could mean $4,000 to $8,000 in broker compensation. Some brokers are paid by the lender through a yield spread premium, which may reduce your upfront costs. Always ask for a written Loan Estimate that details all fees. 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 Bloomfield do?
A mortgage broker acts as an intermediary between you and potential lenders. They gather your financial information, shop for loan options from different banks and credit unions, and help you choose a mortgage that fits your needs. In New Jersey, brokers must follow the state's licensing and disclosure rules.
Do I need to use a mortgage broker in New Jersey?
No, you are not required to use a mortgage broker. You can apply directly with banks or credit unions. However, a broker can save you time by comparing multiple loan offers and may have access to wholesale rates not available to the public.