All mortgage brokers within the state of West Virginia are licensed and regulated by The West Virginia Division of Banking in Charleston. Brokers who wish to practice within the state of West Virginia must obtain a valid license from the Division of Banking. Attempting to practice without this license is illegal throughout the state. Those who do not have a FICO score of at least 575 are not allowed to obtain a mortgage broker’s license in West Virginia. Thus, applicants must demonstrate good financial standing prior to gaining a license.
Some consumers may benefit from various state mortgage programs. Veterans, first-time buyers, elderly people, low-income families, and others may qualify for unconventional mortgages. Information about these programs can be gained by speaking with a licensed mortgage broker. Prior to working with any broker, it is a wise idea to gain a copy of a broker’s license. Most reputable brokers will willingly share licensing information with any consumer. A reliable mortgage broker can be found by selecting one of the areas listed below. After choosing the area closest to you, each broker within a specific area can be contacted. By asking for a free price quote from each broker, you can compare various mortgage rates accurately and effectively. |
