Iowa Mortgage Licensing
Mortgage Banker
Mortgage Banker License
Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $ Positive (Audited Financials required at renewal)
Surety Bond: $100,000
License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$100 – Foreign Entity App
$125 – Registered Agent Fee
$500 – Company License Fee
$1,000 – IA $100k Surety Bond
Mortgage Broker
Mortgage Broker License
Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $ Positive
Surety Bond: $100,000
License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$100 – Foreign Entity App
$125 – Registered Agent Fee
$500 – Company License Fee
$1,000 – IA $100k Surety Bond
Regulated by:
Division of Banking
200 East Grand Avenue, Suite 300
Des Moines, Iowa 50309-1827
Telephone: 515-281-4014
Fax: 515-281-4862