Yes: in Massachusetts, mortgage loan officers need a state license issued by the Massachusetts Division of Banks. You can check a name yourself on NMLS Consumer Access.
Mortgage loan officers in Massachusetts: what buyers ask
What first-time buyer programs does Massachusetts offer?
In Massachusetts, MassHousing offers eligible first-time buyers down payment assistance of up to $30,000 in every city and town, paired with its mortgage. In Boston, the city's First-Time Homebuyer Program adds up to $50,000 for households under 100% of area median income.
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 · Massachusetts Division of Banks
- Titles you will see: Mortgage loan originator
- Check a name yourself: NMLS Consumer Access (we could not open this search page ourselves)
The 10 sectors of Boston
Dorchester · Roxbury · Brighton · East Boston · Jamaica Plain · Fenway · South Boston · South End · Hyde Park · Allston