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