Arizona Mortgage Broker License, Mortgage Banker License & Commercial Mortgage Broker License
Arizona is one of the few states that is a Brick & Mortar State and requires a specific Responsible Individual (RI) that must meet requirements and experience set by AZ.
We offer an amazing AZ RI program that provides RI representation in the state, an assigned brick and mortar location, Policy & Procedure manual for Arizona, Quarterly state compliance file reviews, coordination of your examinations with the DFI. – Our application assistance fee for AZ is included in our Program.
*AZ also has a Prorated License Fee for both the company and the branch application depending on which month you are submitting your application/s. This fee ranges from $50 to $312.50 for the Broker License and $62.50 to $937.50 for the Banker License.
| State | License Name | State Fee | Bond Premium | SOS Fee | MLG Processing Fee | Total |
| Arizona | Mortgage Broker License | $620 * | $113 | $226 | Call for More Information | $959 * |
| Arizona | Mortgage Banker License | $1,120 * | $188 | $226 | Call for More Information | $1,534 * |
| Arizona | Commercial Mortgage Broker | $620 * | $113 | $226 | Call for More Information | $959 * |
License: Mortgage Broker License
- Operating Status: Broker
- Bond Amount: $15,000
- Net Worth: Positive
- Brick & Mortar: Yes
- Financial type: Unaudited
License: Mortgage Banker License
- Operating Status: Broker/Lender
- Bond Amount: $25,000
- Net Worth: $100,000
- Brick & Mortar: Yes
- Financial type: Audited
License: Commercial Mortgage Broker License
- Operating Status: Commercial Broker
- Bond Amount: $15,000
- Net Worth: Positive
- Brick & Mortar: Yes
- Financial type: Unaudited
Mortgage Broker License
This company application is a lesser cost than the Banker application. QI must meet AZ RI requirements. The bond amount is low $10,000 - $15,000 depending on investor types.
Mortgage Banker
This company application is relatively expensive. Requires Audited Financial Statements that must maintain a net worth of $100,000 at all times. Low surety bond amount required at $25,000. QI must meet AZ RI requirements.
Commercial Mortgage Broker License
This company application has a state fee of $600 + prorated license fee, a bond premium of $113 and SOS fee of $175, requires an operating status of Commercial Lender/Broker. This license requires a bond amount of $10,000 - $15,000 depending on investor types and a positive net worth.
For more information or to speak to a representative for your state
call us today at 866-576-7726
**Fees & terms are subject to change without notice.**
To obtain a mortgage broker license in Arizona or a mortgage banker license, companies must apply through the Nationwide Multistate Licensing System (NMLS) and meet the regulatory requirements of the Arizona Department of Financial Institutions (AZ DFI).
Mortgage Broker License: Arizona requires a physical brick-and-mortar office in the state and a designated Responsible Individual (RI) who is an Arizona resident. The RI must complete a state-approved course, pass the Arizona mortgage broker test, and have at least three years of relevant mortgage or lending experience. A surety bond is also required, with higher amounts if private investors are involved. MLG can provide both the required Arizona brick-and-mortar office and a qualified in-state RI to meet these requirements.
Mortgage Banker License: Requires the same in-state office and RI qualifications, along with audited financial statements showing compliance with Arizona net worth requirements and a higher surety bond.
Application Process: All applications for an Arizona mortgage broker license or mortgage banker license must be filed via NMLS. The process includes documenting industry experience, submitting financial statements, passing background checks, and completing required education and testing.