Residential Mortgage Broker

Not Disclosed, UT
Salt Lake County


Asking Price: Annual Revenue:
$700,000 $1,171,326

Services: Financial, Accounting, Insurance


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RE: Residential Mortgage Broker Broker: Elizabeth Bellit
Owner Financing is Available!
some seller financing may e negotiable for a well-qualified buyer

Quick Facts

Asking Price: $700,000
Annual Revenue: $1,171,326
Net Profit: $276,945
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1998
Employees: 7
BBN Listing #: 43674931
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

This residential mortgage brokerage offers purchase or construction loans as well as refinancing. In 2021, the company’s activity skewed heavily toward refinancing since home inventory was very low. Their goal is to have an equal distribution between home purchases and refinancing.

The company was steadily growing loan volume, although 20201’s extremely low housing inventory, coupled with price surges, resulted in fewer loans but higher overall dollar volume.

With the booming real estate market in Utah, the outlook for the business is very positive. Some seller financing may be negotiable for a well-qualified buyer.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Approximately 1,650 of office space.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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