Yes: in Delaware, mortgage loan officers need a state license issued by the Delaware Office of the State Bank Commissioner. You can check a name yourself on OSBC Approved Mortgage Loan Originators list.
Mortgage loan officers in Delaware: what buyers ask
What first-time buyer programs does Delaware offer?
In Delaware, the Delaware State Housing Authority (DSHA) runs the Delaware Mortgage Program: 30-year fixed-rate loans paired with a zero-interest second mortgage of 3%, 4% or 5% of the first loan for down payment and closing costs.
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 · Delaware Office of the State Bank Commissioner
- Titles you will see: Mortgage loan originator
- Check a name yourself: OSBC Approved Mortgage Loan Originators list
The 8 sectors of Wilmington
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