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Best Mortgage Brokers in Palm Bay

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American Mortgage logo
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License Verified:

License: 330596

Nationwide Multistate Licensing System and Registry

American Mortgage

330 5th Ave. Ste 100, Indialantic, FL 32903
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  • Refinance

Business Description

American Mortgage is a locally owned company catering to clients in Palm Bay for more than 25 years. It offers a variety of products, including fixed-rate, FHA, VA, and conventional loans, to each client's unique requirements. In addition, it provides help with loans for renovations, Fannie Mae, and Freddie Mac. The brokerage also aims to keep each process simple and straightforward by offering clients financial tools to help them make sound financial decisions.

License Verified:

License: 330596

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Facebook
5.0 / 5 (22)
Google
4.6 / 5 (11)

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We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Angel Oak Home Loans logo
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License: 685842

Nationwide Multistate Licensing System and Registry

Angel Oak Home Loans

980 Hammond Drive, Suite 200​, Palm Bay, FL 30328
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  • Refinance

Business Description

Established in 2011, Angel Oak Home Loans is a full-service lender that provides mortgage loan products to the locals of Palm Bay. It offers traditional mortgage products, such as conventional, FHA, USDA, and VA home loans. Clients can also ask about portfolio non-QM mortgage products, such as bank statement loans, investor cash flow loans, asset qualifier loans, and portfolio home loans. Angel Oak's lending approach comprises two platforms, retail and consumer-direct, which both follow an operational workflow designed for a quick closing.

License Verified:

License: 685842

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (32)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Assurance Home Loan Inc. logo
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License Verified:

License: 345907

Nationwide Multistate Licensing System and Registry

Assurance Home Loan Inc.

150 Coconut Dr. Suite #202, Indialantic, FL 32903
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  • Reverse Mortgages

Business Description

Assurance Home Loan Inc. is a locally owned and operated company that has been serving clients in Palm Bay and the surrounding communities since 1990. It offers FHA, VA, and conventional loans, as well as mortgage refinancing. It provides fixed-rate, initial fixed-rate, and adjustable-rate mortgage options. In addition, its team assists clients aged 62 and above in obtaining reverse mortgage loans. One of its brokers, John Sorgenfrei, has been in the mortgage industry for more than three decades.

License Verified:

License: 345907

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.8 / 5 (17)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Atlantic Mortgage Services, Inc logo
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License: 353421

Nationwide Multistate Licensing System and Registry

Atlantic Mortgage Services, Inc

1790 Highway A1A Suite 10, Satellite Beach, FL 32937
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  • Refinance

Business Description

Atlantic Mortgage Services, Inc has been serving home buyers in Palm Bay and nearby areas since 1989. It assists those looking to buy and finance residential and commercial properties, including single-family or multi-family homes, new construction, and existing structures. The company offers fixed-rate, adjustable-rate, senior, FHA, VA, and conventional loans. Additionally, it provides balloon mortgages with extension options. Atlantic Mortgage Services is owned by Dan Overstreet, a native Floridian who is a member of The Association of Mortgage Professionals.

License Verified:

License: 353421

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
3.8 / 5 (18)
Facebook
5.0 / 5 (9)

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We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Caliber Home Loans logo
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License Verified:

License: 1478211

Nationwide Multistate Licensing System and Registry

Caliber Home Loans

930 S Harbor City Blvd, Suite 304, Melbourne, FL 32901
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  • Refinancing

Business Description

Caliber Home Loans agent Nate Jomaa serves the Palm Bay metro and the surrounding areas. He helps first-time and second-time home purchasers save money by providing mortgage financing with competitively low-interest rates. His mortgage services include home refinancing to help clients structure their loans and have new financing terms. He also assists clients in the process of investment and home buying. Jomaa is a Certified Mortgage Advisor and a Certified Veterans Lending Specialist who provides full professional support to his clients.

License Verified:

License: 1478211

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (41)
Yelp
2.5 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Certified Mortgage Planners logo
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License: 1393960

Nationwide Multistate Licensing System and Registry

Certified Mortgage Planners

7115 Turner Road, Rockledge, FL 32955
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  • Refinance

Business Description

Certified Mortgage Planners is a local company that serves the residents of Palm Bay and the neighboring metros. It offers conventional, renovation, VA, FHA, USDA, and jumbo mortgage loans for clients who are looking to purchase a home, consolidate debts, or refinance outstanding loans. The business also caters to active and reserve military personnel, home renovators, luxury home buyers, and investors. Its owner, Ashley Stockrahm, has been delivering mortgage solutions for more than 15 years.

License Verified:

License: 1393960

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Dyer Mortgage logo
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License: NMLS 3094

Nationwide Multistate Licensing System and Registry

Dyer Mortgage

10 S Harbor City Blvd, Melbourne, FL 32901
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  • Residential Mortgages

Business Description

Dyer Mortgage is a local lending firm serving Palm Bay. It is a division of the Primary Residential Mortgage Incorporated. Its founder, Bobbie Dyer, has been in the industry for over 28 years. He offers jumbo, FHA, and VA loans, in addition to adjustable- and fixed-rate mortgages. Dryer also has custom loan options for self-employed individuals. He serves as a member of the MBA, HBCA, and NAHREP. Dryer is also involved in local organizations, such as the Scott Center for Autism.

License Verified:

License: NMLS 3094

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (179)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Future Home Loans logo
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License Verified:

License: 1902671

Nationwide Multistate Licensing System and Registry

Future Home Loans

496 North Harbor City Boulevard, Melbourne, FL 32935
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  • New Construction
  • Refinance

Business Description

Future Home Loans is a Melbourne-based company that strives to meet the loan needs of Palm Bay-area residents. Its team of mortgage brokers offer loan options based on clients' circumstances, demonstrate mortgage rates and terms comparisons, and suggest offers that fit their needs. Along with home purchase and refinancing loans, other loan agreement packages from Future Home Loans include 15-year and 30-year fixed mortgage packages, FHA loans, 203K loans, and USDA loans.

License Verified:

License: 1902671

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (18)
Facebook
5.0 / 5 (16)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Harmony Mortgage Inc. logo
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License Verified:

License: 1057728

Nationwide Multistate Licensing System and Registry

Harmony Mortgage Inc.

6050 Babcock Street Suite 27, Palm Bay, FL 32909
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  • Refinance

Business Description

Harmony Mortgage Inc. is a full-service mortgage company that caters to clients in Palm Bay and surrounding areas. The company offers various loan programs such as down payment assistance, fixed-rate mortgages (FRM), and adjustable-rate mortgages (ARM). It also provides reverse mortgages, allowing senior homeowners to convert a part of their home equity into cash. Jason Carrasquillo, a mortgage loan originator, has been in Happy Mortgage for more than 16 years but has worked in credit repair and financial services since 1997.

License Verified:

License: 1057728

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Facebook
5.0 / 5 (51)
Google
4.6 / 5 (11)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Home Lending Source logo
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License Verified:

License: 1850777

Nationwide Multistate Licensing System and Registry

Home Lending Source

1370 Highway A1A Ste. A, Satellite Beach, FL 32937
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  • Refinance
  • Home Loans
  • Home Purchase
  • Debt Consolidation

Business Description

Home Lending Source offers a variety of mortgage options to help consumers in and around Palm Bay purchase the home of their dreams. It helps clients seeking to purchase or refinance residential properties such as single or multi-family homes, condominiums, townhouses, and manufactured homes. Additionally, mortgage brokers at the firm offer various loan programs such as FHA, VA, jumbo, and USDA loans. Clients may also choose among fixed-rate, adjustable ARM, interest-only, and graduated payments for a preferred mortgage rate.

License Verified:

License: 1850777

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (29)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Julio Paneto logo
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License Verified:

License: 1019154

Nationwide Multistate Licensing System and Registry

Julio Paneto

930 S Harbor City Boulevard, Suite 501, Melbourne, FL 32901
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  • Refinance
  • Home Loans
  • Purchase Loans

Business Description

Julio Paneto is a mortgage loan advisor for Hamilton Home Loans. He caters to clients in Palm Bay, offering mortgage products like USDA and conventional loans and Veterans Affairs financing. He also brokers jumbo loans for customers looking to buy luxury homes, and reverse mortgages for more senior clients. Julio guides throughout the mortgage process and helps borrowers find the right loan for their specific needs. He has a thorough knowledge of Florida markets, gained from over 12 years of mortgage experience.

License Verified:

License: 1019154

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (24)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
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Detail
––
Oceans Lending LLC logo
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License Verified:

License: 1470464

Nationwide Multistate Licensing System and Registry

Oceans Lending LLC

1740 Sarno Rd, Melbourne,, Palm Bay, FL 32935
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  • Refinance

Business Description

Oceans Lending LLC is a comprehensive real estate mortgage company that offers services to residential and commercial clients in Palm Bay. It offers financing for new homes and investment properties, as well as refinancing and home equity loans. Its mortgage programs include 30-year fixed-rate mortgages, reverse mortgages, renovation loans, and FHA, VA, and USDA loans. The firm also serves other states, including California, Colorado, Delaware, New Jersey, and North Carolina. Oceans Lending LLC supports the Sea Turtle Conservancy.

License Verified:

License: 1470464

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.6 / 5 (27)
Facebook
4.7 / 5 (14)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Satori Mortgage logo
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License Verified:

License: 4190

Nationwide Multistate Licensing System and Registry

Satori Mortgage

1009 Atlantic St, Melbourne Beach, FL 32951
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  • Home Loans

Business Description

Satori Mortgage provides services to individuals in Palm Bay and the nearby areas. It is available to help clients purchase their desired homes by guiding them in applying for mortgage loans programs. Satori Mortgage assists clients in refinancing their mortgage loan policies suitable for their current or future financial goals. It also serves military veterans who wish to refinance their primary residences, investment properties, or vacation homes. The company's team brings over two decades of experience in the field.

License Verified:

License: 4190

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (49)
Facebook
4.7 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
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Helpfulness
Detail
––
The Manning Financial Group, Inc. logo
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License Verified:

License: 334095

Nationwide Multistate Licensing System and Registry

The Manning Financial Group, Inc.

9412 US-1, Sebastian, FL 32958
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  • New Construction
  • Refinance

Business Description

The Manning Financial Group, Inc., is a mortgage company that serves clients in Palm Bay. It assists individuals who are looking to purchase or refinance homes by providing different loan types, including fixed-rate, hybrid ARMs, USDA, FHA, VA, and buy-downs. It also caters to real estate professionals and home builders. Its agents provide regular loan updates and progress reports. The agency was founded in 1993 by husband-and-wife-duo Donald and Melody Manning, with the vision of simplifying the mortgage approval process.

License Verified:

License: 334095

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.5 / 5 (6)
The Mortgage Firm - Melbourne Beach, FL logo
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License Verified:

License: 359690

Nationwide Multistate Licensing System and Registry

The Mortgage Firm - Melbourne Beach, FL

321 Ocean Ave , Suite 101, Melbourne Beach, FL 32951
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  • Refinance

Business Description

The Mortgage Firm - Melbourne Beach, FL offers a variety of loan programs to individual homebuyers, builders, and real estate professionals in Palm Bay. It handles conventional home loan options, including fixed-rate and 10- to 30-year terms to finance primary or second homes. Its agents also provide FHA, VA, USDA, and jumbo home loans, as well as reverse mortgages. The Mortgage Firm has been in operation for over 25 years, serving communities in several states, including California, Georgia, and Washington.

License Verified:

License: 359690

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (290)
Back to Providers

Frequently Asked Questions

Introduction

It’s the American dream to buy property, and almost everyone who purchases a home does so with the help of a mortgage broker. It can be intimidating when you don’t know where to begin, what information is necessary, and how to receive a loan. A mortgage broker acts as an intermediary between the applicant and the financial institution.


The mortgage broker’s role includes comparing loan terms across lenders to find applicants the best options, collecting paperwork the financial institution needs to analyze the application, and guiding the buyer through the underwriting and closing processes. Mortgage brokers can significantly simplify the home buying process.

Can mortgage brokers work across state lines?

Yes, mortgage brokers can work across state lines. However, each state has different licensing requirements for mortgage brokers. Customers should ensure their broker can legally work in another state before going across state lines. Lastly, don’t forget the mortgage process is often time-sensitive, so being in different time zones can be problematic.

How do mortgage brokers find lenders?

Mortgage brokers work independently and act as a bridge between the client and the lender. They reach out to several lenders to form a network and build professional relationships with those they work with often. They use lenders who best meet a client's rates and terms, and some lenders only do business through mortgage brokers.  

What credit score do mortgage brokers use?

There are two credit scoring models in the United States: FICO and VantageScore. Mortgage lenders typically prefer to use FICO. However, each credit bureau uses a different version of the FICO score:

  • Experian uses FICO Score 2
  • Equifax uses FICO Score 5
  • TransUnion uses FICO Score 4

Do mortgage brokers help with refinancing?

Yes, mortgage brokers can help with refinancing. Individuals who have a solid credit score will typically go to their bank to refinance their mortgage. However, if you don't have excellent credit, a mortgage broker may be able to secure you a better interest rate than you could get on your own.

You pay a fee to the mortgage broker, so you'll want to consider this fee versus your savings in your cost-benefit analysis.

Can you work with two mortgage brokers?

You can definitely work with two mortgage brokers. The advantage of using multiple brokers is that you'll have two people reaching out to several lenders to secure the best rate possible. However, you must ensure you provide matching information to all your brokers. If two brokers provide mismatched information about your application to the same lender, it can send off red flags and delay your approval process.

Do mortgage brokers get better deals?

Yes, a mortgage broker should be able to get you a better deal. Mortgage brokers go to several lenders on your behalf and find the one with the best terms and interest rates. However, note that some mortgage brokers have preferred lenders. A broker may bring you their preferred lender's offer, even if it's not the best one; however, this isn't a regular practice.

How do mortgage brokers get paid?

The customer or the lender pays the mortgage broker. By law, it's illegal for a mortgage broker to accept payment from both parties. Additionally, thanks to the Dodd-Frank Act, a mortgage broker cannot have hidden fees or base their commission on their customer's interest rate.

What makes mortgage brokers different from loan officers?

Loan officers are employees of a single lender. For example, if you go to a bank for a mortgage, you'll deal with their loan officer. They’re paid a set salary and receive bonuses; however, they can only offer loans from their bank.

A mortgage broker works independently or for a firm, and they’re paid by the client or lender. Mortgage brokers can approach several lenders, giving individuals many more options.

What is the difference between a commercial mortgage broker and a home loan broker?

A commercial mortgage broker deals with real estate loans for businesses. The loan for the commercial property is given to the company, not the individual. As a result, the approval process reviews the financial health of the business. In comparison, a home loan broker helps individuals gain a real estate loan for their property.

How much do mortgage brokers make?

According to Salary.com, the average salary for a mortgage broker in the U.S. ranges between $75,344 and $99,498. However, this can significantly vary depending on the state you work in, bonuses, and other factors.

How do mortgage brokers get paid?

How a mortgage broker gets paid entirely depends on who they work for. If they’re an independent contractor, all of their income comes from their clients or lenders. If the person works for a brokerage, they may be paid a combination of a base salary and bonuses from closed deals.

How much do mortgage brokers make per loan?

Mortgage brokers typically make between 1% and 2% of the total loan amount on each deal closed. The client or the lender will pay this fee. The mortgage broker does not receive their payment until the loan is approved and finalized. 

Can mortgage brokers work across state lines?

Yes, mortgage brokers can work across state lines. However, each state has different licensing requirements for its mortgage brokers. To legally close a transaction, you must be certified in the state of the transaction. Additionally, it's helpful to know the state's closing process, as this can change from state to state.

What is a surety bond for mortgage brokers?

A surety bond is a legal contract that binds three parties — the obligee, the principal, and the surety. Surety bonds are typically required to receive a license for operating as a mortgage broker. When a mortgage broker gets a surety bond, it's a legal guarantee they'll perform their obligations to their customers as required by law.

Is it difficult to pass the mortgage brokers’ test?

Upon completion of educational requirements, you must pass the mortgage broker test to receive your license. It's a two-part test called the Safe Mortgage Loan Originator Exam, and it can be a bit challenging. Out of almost 87,600 national test-takers, 57% passed on their first attempt. The test includes both a state and national portion and requires a minimum score of 75% to pass.

Do mortgage brokers need to be licensed?

Yes, all mortgage brokers need to be licensed. Individuals need to complete a 20-hour class that goes over state and federal laws for mortgages and other important information. Next, individuals take the official test with the National Mortgage Licensure System.

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