Mortgage Banker or Broker
Mortgage Company License
Physical In-State Office Required: No (additional bond/net worth requirements if no physical office)
Qualifying Individual: No
Minimum Net Worth: $0 to $50,000 – Reviewed
Surety Bond: $50,000 to $100,000 ($75,000 to $125,000 if more than $50,000,000 in Kansas loan volume in the preceding year)
Comments: A $100,000 surety bond and $50,000 audited net worth are required if you don’t have a physical office in the state.
License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
N/A – Foreign Entity App
N/A – Registered Agent Fee
$1,000 – Company License Fee
$1,000 – KS $100k Surety Bond (None if bona fide office in KS) Minimum Net Worth of $50k (None if bona fide office in KS)
