Yes: in Minnesota, mortgage loan officers need a state license issued by the Minnesota Department of Commerce, through NMLS. You can check a name yourself on NMLS Consumer Access.
Mortgage loan officers in Minnesota: what buyers ask
What first-time buyer programs does Minnesota offer?
In Minnesota, Minnesota Housing's Start Up program lets a household of three or more earn up to $151,200 in the 11-county Twin Cities area and buy a home priced up to $515,200, with down payment and closing cost loans of up to $18,000.
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 · Minnesota Department of Commerce, through NMLS
- 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 Minneapolis
ZIP 55407 · ZIP 55406 · ZIP 55414 · ZIP 55408 · ZIP 55418 · ZIP 55419 · ZIP 55404 · ZIP 55411 · ZIP 55417 · ZIP 55412