Yes: in Washington, mortgage loan officers need a state license issued by the Washington Department of Financial Institutions (DFI). You can check a name yourself on NMLS Consumer Access.
Mortgage loan officers in Washington: what buyers ask
What first-time buyer programs does Washington offer?
In Washington, the Washington State Housing Finance Commission (WSHFC) pairs its home loans with down payment assistance of 3%, 4% or 5% of the loan amount at 0% interest, for households earning up to $215,000, and first-time status is not required.
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 · Washington Department of Financial Institutions (DFI)
- Titles you will see: Loan originator, Mortgage broker
- Check a name yourself: NMLS Consumer Access (we could not open this search page ourselves)
The 10 sectors of Seattle
Queen Anne · Cascade/Eastlake · Ravenna/Bryant · Capitol Hill · Greenwood/Phinney Ridge · University District · West Seattle Junction/Genesee Hill · Columbia City · First Hill · Central Area/Squire Park