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 Wisconsin before hiring.
Showing 3 mortgage brokers in Elm Grove, WI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Julie Waldron, Loan Officer, NMLS # 265905 - American Financial Network, Inc.
12970 W Bluemound Rd Suite 306, Elm Grove, WI 53122
4143059915
White Oak Mortgage LLC
910 Elm Grove Rd UNIT 35, Elm Grove, WI 53122
2627867300
US Bank Mortgage
945 Elm Grove Rd, Elm Grove, WI 53122
8008722657
What Does a Mortgage Broker in Elm Grove Cost?
Mortgage broker fees in Wisconsin typically range from 1% to 2% of the loan amount. For a $300,000 home loan, this could mean $3,000 to $6,000 in broker fees. Some brokers charge a flat fee instead of a percentage. These costs are often paid by the lender or rolled into the loan. Note that 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 does a mortgage broker do in Elm Grove Wisconsin?
A mortgage broker acts as an intermediary between you and potential lenders. They gather your financial information, shop for loan options from various banks and credit unions, and help you complete the application process. Brokers do not lend money directly but connect you with lenders that fit your needs.
How do I choose a mortgage broker in Elm Grove?
Check that the broker is licensed with the Wisconsin Department of Financial Institutions. Ask about their experience with local properties and loan types you need. Compare fees and loan estimates from multiple brokers before making a decision.
Are there Wisconsin laws that affect mortgage brokers?
Yes. Wisconsin Statute Chapter 224 requires mortgage brokers to be licensed and follow specific disclosure rules. Brokers must provide a Loan Estimate within three business days of your application. They must also disclose any fees or compensation they receive from lenders.