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 3 mortgage brokers in Medford, 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.
Medford Mortgage
32 S Main St, Medford, NJ 08055
6098485715
Thomas Wolff, Mortgage Broker NMLS 28763
180 Tuckerton Rd #7, Medford, NJ 08055
6092844440
Savings Home Mortgage LLC
22 Coates St Ste 2C, Medford, NJ 08055
8886166857
What Does a Mortgage Broker in Medford Cost?
Typical costs for a mortgage broker in New Jersey range from 1 to 2 percent of the loan amount. For a $400,000 home, this could be $4,000 to $8,000. Some brokers charge a flat fee, often between $2,500 and $5,000. Additional costs may include application fees, appraisal fees, and credit report fees. 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 New Jersey?
A mortgage broker in New Jersey must hold a license from the New Jersey Department of Banking and Insurance. This includes passing a background check and completing pre-licensing education. The license must be renewed annually.
How does a Medford mortgage broker get paid?
A mortgage broker typically earns a commission based on the loan amount, usually 1 to 2 percent of the loan. This fee can be paid by the borrower, the lender, or split between both. All fees must be disclosed in the Loan Estimate provided to the borrower.
What documents do I need to apply for a mortgage in Medford?
You will need recent pay stubs, W-2 forms, tax returns, bank statements, and proof of identification. New Jersey law also requires proof of homeowners insurance before closing. Additional documents may be needed for self-employed borrowers.