How much does a mortgage broker make per loan? On average, this compensation can range from roughly 50 basis points (0.50% of the mortgage amount) for one-year terms to 110 basis points (1.10% of the mortgage amount) for five year terms at prime lenders. As a quick example, suppose your mortgage broker helps you close a $300,000 four-year fixed mortgage.
Is it better to use a mortgage broker or lender? Mortgage Guide While using a mortgage broker seems like it would save you money because they have access to man... more