Yes: in Colorado, mortgage loan officers need a state license issued by the Board of Mortgage Loan Originators, Division of Real Estate (DORA); NMLS. You can check a name yourself on DRE eLicense Search for a Licensee (NMLS Consumer Access also lists originators).
Mortgage loan officers in Colorado: what buyers ask
What first-time buyer programs does Colorado offer?
In Colorado, Denver's metroDPA program offers down payment help as an interest-free second mortgage with no monthly payments, for buyers with income up to $216,000 and a credit score above 640. The article could not read the Colorado Housing and Finance Authority (CHFA) pages, so it gives no CHFA amounts.
What does an FHA loan require?
FHA loans need 3.5% down with a 580 credit score. Upfront mortgage insurance is 1.75% and the annual premium is 0.55% at 96.5% LTV.
Check a mortgage loan officer yourself
- License required · Board of Mortgage Loan Originators, Division of Real Estate (DORA); NMLS
- Titles you will see: Mortgage loan originator
- Check a name yourself: DRE eLicense Search for a Licensee (NMLS Consumer Access also lists originators)
The 10 sectors of Denver
Gateway - Green Valley Ranch · Montbello · Central Park · Five Points · Hampden · Westwood · Hampden South · Capitol Hill · Virginia Village · Washington Virginia Vale