Yes: in Montana, mortgage loan officers need a state license issued by the Montana Division of Banking and Financial Institutions. You can check a name yourself on NMLS Consumer Access.
Mortgage loan officers in Montana: what buyers ask
What first-time buyer programs does Montana offer?
In Montana, the Montana Board of Housing offers first-time buyers below-market mortgage rates and down payment help of up to 5% of the price, capped at $15,000.
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 · Montana Division of Banking and Financial Institutions
- 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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