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  Bankers Mortgage Corporation Mortgage Broker

Bankers Mortgage Corporation Mortgage Broker

in Mortgage Brokers from Bankers Mortgage Corporation

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Bankers Mortgage Corporation Mortgage Broker

Unaffiliated

in Mortgage Brokers from Bankers Mortgage Corporation

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Highlights
Highlights
Interest Rate Types Offered
  • Hybrid Mortgage
Broker Loan Origination Fees N/A
Broker Fee Payer Both

Bankers Mortgage Corporation Mortgage Broker Review

Bankers Mortgage Corporation Mortgage Broker services are offered by Bankers Mortgage Corporation, a licensed broker founded in 1989 and based in Overland Park, KS. Bankers Mortgage Corporation Mortgage Broker services are available in 50 states (and Washington, DC).

How does Bankers Mortgage Corporation Mortgage Broker get paid?

Mortgage brokers get paid either by lenders or by borrowers. However, they cannot receive compensation from both parties.

Bankers Mortgage Corporation offers lender and borrower-paid fee models. Borrowers can choose which model works best for their circumstances. Typically, lender-paid compensation rates result in higher fees for borrowers. However, borrower-paid rates increase the upfront costs of getting a mortgage.

What fees does Bankers Mortgage Corporation Mortgage Broker charge?

Although cost should not be the only factor when choosing mortgage brokers, it is smart to compare the rates, fees, and services mortgage brokers offer before making a decision.

Does Bankers Mortgage Corporation Mortgage Broker charge broker administration fees?

No, Bankers Mortgage Corporation Mortgage Broker does not charge a broker administration fee.

Does Bankers Mortgage Corporation Mortgage Broker charge broker loan origination fees?

No, Bankers Mortgage Corporation Mortgage Broker does not charge a broker loan origination fees.

Does Bankers Mortgage Corporation Mortgage Broker charge broker upfront fees?

No, Bankers Mortgage Corporation Mortgage Broker does not charge broker upfront fees.

Does Bankers Mortgage Corporation Mortgage Broker charge a yield-spread premium?

No, Bankers Mortgage Corporation Mortgage Broker does not receive a yield spread premium from borrowers. Brokers that are paid a yield-spread premium from lenders have an incentive to steer borrowers to lenders thatt offer higher yield-spread premiums even if they qualify for a lower interest with another lender. This is not always bad for borrowers as it can lower the upfront costs of a mortgage. For instance, borrowers who only plan to hold a mortgage for a few years may find this option cheaper.

Bankers Mortgage Corporation Mortgage Broker Fees
Description
Broker Loan Origination Fees N/A
Broker Upfront Fees N/A
Broker Administration Fees N/A
Yield-Spread Premium N/A

What mortgage programs does Bankers Mortgage Corporation Mortgage Broker offer?

Bankers Mortgage Corporation Mortgage Broker offers the following mortgage programs:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What types of mortgage does Bankers Mortgage Corporation Mortgage Broker broker?

Bankers Mortgage Corporation Mortgage Broker works with the following types of mortgages:
Interest Rate Types Offered Options
Supported Options Unsupported Options
  • Hybrid Mortgage
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
  • Option ARM
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About Bankers Mortgage Corporation Mortgage Broker

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

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