Yes: in Texas, mortgage loan officers need a state license issued by the Texas Department of Savings and Mortgage Lending (SML); bank loan officers are federally registered. You can check a name yourself on NMLS Consumer Access.
Mortgage loan officers in Texas: what buyers ask
What first-time buyer programs does Texas offer?
In Texas, the Texas Department of Housing and Community Affairs (TDHCA) and the Texas State Affordable Housing Corporation (TSAHC) both give 2% to 5% of the loan amount for the down payment, as a grant or a 0% loan often forgiven after 3 years.
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 · Texas Department of Savings and Mortgage Lending (SML); bank loan officers are federally registered
- Titles you will see: Residential mortgage loan originator (licensed), Registered loan originator (bank or credit union)
- Check a name yourself: NMLS Consumer Access (we could not open this search page ourselves)
The 10 sectors of Dallas
ZIP 75217 · ZIP 75211 · ZIP 75228 · ZIP 75243 · ZIP 75227 · ZIP 75216 · ZIP 75287 · ZIP 75220 · ZIP 75206 · ZIP 75248