Yes: in Maryland, mortgage loan officers need a state license issued by the Commissioner of Financial Regulation (Office of Financial Regulation). You can check a name yourself on NMLS Consumer Access.
Mortgage loan officers in Maryland: what buyers ask
What first-time buyer programs does Maryland offer?
In Maryland, the Maryland Mortgage Program (MMP), run by the state housing department (DHCD), pairs a 30-year fixed loan with a $6,000 deferred loan or one equal to 3% to 6% of the first mortgage.
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 · Commissioner of Financial Regulation (Office of Financial Regulation)
- Titles you will see: Mortgage loan originator
- Check a name yourself: NMLS Consumer Access (we could not open this search page ourselves)
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