McLean Mortgage Corporation Mortgage Broker
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| Interest Rate Types Offered |
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| Broker Loan Origination Fees | N/A |
| Broker Fee Payer | Both |
McLean Mortgage Corporation Mortgage Broker Review
McLean Mortgage Corporation Mortgage Broker services are offered by McLean Mortgage Corporation, a licensed broker founded in 2008 and based in Fairfax, VA. McLean Mortgage Corporation Mortgage Broker services available in 9 states (and Washington, DC).
How does McLean Mortgage Corporation Mortgage Broker get paid?
Mortgage brokers get paid either by lenders or by borrowers. However, they cannot receive compensation from both parties.
McLean 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 McLean 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 McLean Mortgage Corporation Mortgage Broker charge broker administration fees?
No, McLean Mortgage Corporation Mortgage Broker does not charge a broker administration fee.
Does McLean Mortgage Corporation Mortgage Broker charge broker loan origination fees?
No, McLean Mortgage Corporation Mortgage Broker does not charge a broker loan origination fees.
Does McLean Mortgage Corporation Mortgage Broker charge broker upfront fees?
No, McLean Mortgage Corporation Mortgage Broker does not charge broker upfront fees.
Does McLean Mortgage Corporation Mortgage Broker charge a yield-spread premium?
No, McLean 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.
| Description | |
|---|---|
| Broker Fee Payer | Both |
What mortgage programs does McLean Mortgage Corporation Mortgage Broker offer?
McLean 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 McLean Mortgage Corporation Mortgage Broker broker?
McLean Mortgage Corporation Mortgage Broker works with the following types of mortgages:| Supported Options | Unsupported Options |
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Contact
- Headquarters
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11325 Random Hills Road, Suite 400
Fairfax, VA 22030 USA - (866) 670-2018
- Visit Site
- Email Support
About McLean Mortgage Corporation Mortgage Broker
Availability
- Delaware
- Florida
- Maryland
- North Carolina
- Pennsylvania
- South Carolina
- Tennessee
- Virginia
- Washington, DC
- West Virginia
Feature Breakdown
| Interest Rate Types Offered |
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| Mortgage Programs |
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