Iowa

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
IowaMortgage Broker License$500.00$750.00$275.50Call for More Information$1525.50
IowaMortgage Banker License$500.00$750.00$275.50Call for More Information$1525.50
IowaRegistration$10.00$0.00$382.00Call for More Information$392.00

License: Mortgage Banker License

  • Operating Status: Broker/Lender
  • Bond Amount: $100,000
  • Net Worth: Positive
  • Brick & Mortar: No
  • Audited Financials: Yes

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Mortgage Banker License

Relatively inexpensive state application, but high bond amount of $100,000. 2 fingerprint cards are required for each control officer, cards must be obtained from IA. Company must provide 3 letters of a profession reference. At least 1 letter must be from a state or federally chartered depository institution and reference the standing of a depository account.

Things to know: HUD : If application is an approved mortgagee of the United States Department of Housing and Urban Development, submit proof of HUD classification.

License: Mortgage Broker License

  • Operating Status: Broker
  • Bond Amount: $100,000
  • Net Worth: Positive
  • Brick & Mortar: No
  • Audited Financials: Yes

Run our License Calculator to estimate licensing costs with all 50 states!

Mortgage Broker License

If company will be operating under more than one name, each additional name will require an additional license. Relatively inexpensive state application, but high bond amount of $100,000. 2 fingerprint cards are required for each control offices, cards must be obtained from IA.

Things to know: HUD : If application is an approved mortgagee of the United States Department of Housing and Urban Development, submit proof of HUD classification.

For more information or to speak to a representative for your state call us today at 866-576-7726