Yes: in Oregon, mortgage loan officers need a state license issued by the Division of Financial Regulation (DFR), Dept. of Consumer and Business Services. You can check a name yourself on NMLS Consumer Access (via DFR Check a license).
Mortgage loan officers in Oregon: what buyers ask
What first-time buyer programs does Oregon offer?
In Oregon, Oregon Housing and Community Services (OHCS) runs Flex Lending: two mortgage products, FirstHome and NextStep, with down payment assistance of 4% or 5% of the loan amount. The City of Portland adds a Down Payment Assistance Loan of up to $80,000 to $100,000.
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 · Division of Financial Regulation (DFR), Dept. of Consumer and Business Services
- Titles you will see: Mortgage loan originator
- Check a name yourself: NMLS Consumer Access (via DFR Check a license) (we could not open this search page ourselves)
The 10 sectors of Portland
Powellhurst-Gilbert · Hazelwood · Centennial · Lents · Northwest District · Montavilla · Portland Downtown · Pleasant Valley · Sellwood-Moreland · Brentwood-Darlington