ID Idaho

This license covers Brokers, Lenders, and Servicers. No QI or bond is required.

ID is known for its thorough and detail-oriented review process for license applications. It is essential for applicants to ensure that all information and documentation submitted through the NMLS is accurate, current, and complete prior to submission.

StateLicense NameState FeeBond Prem.RA FeeSoS FeeMLG Processing FeeTotal
IdahoMortgage Broker/Lender License$720N/A—$196Call for More Information$916

License: Mortgage Broker/Lender License

  • Operating Status: Broker/Lender/Servicer
  • Bond Amount: N/A
  • Net Worth: N/A
  • Brick & Mortar: No
  • Financial Type: Unaudited
To obtain a mortgage broker license in Idaho, applicants must go through the Nationwide Multistate Licensing System (NMLS). Idaho is recognized for its detailed and compliance-focused review process, which can take several months. Accuracy and completeness of documentation are critical to avoid delays. The mortgage broker license requirements in Idaho apply to brokers, lenders, and servicers under the Mortgage Broker/Lender License. Unlike many states, Idaho’s mortgage broker licensing process does not require a surety bond, a designated Qualified Individual (QI), or a physical office location within the state. There are also no net worth requirements, and unaudited financials are accepted. While Idaho offers flexibility in some areas, its mortgage broker licensing process is thorough, and applicants should be prepared for a meticulous review.
← Back to License Directory