Mortgage Broker Licensing

License:  Iowa Mortgage Broker License

Physical Office Required:  No
Qualifying Individual Required: No
Minimum Net Worth:  Positive Net Worth
Financial Statements:  Unaudited (if unaudited, signed by officer of company)
Surety Bond Amount:  $100,000
Company License Fee:  $500 

Mortgage Lender Licensing

License:  Iowa Mortgage Banker License

Physical Office Required:  No
Qualifying Individual Required:  No
Minimum Net Worth:  Positive
Financial Statements:  Audited or Unaudited (if unaudited, signed by officer of company)
Surety Bond Amount:  $100,000
Company License Fee:  $500

Regulated by:

Iowa Division of Banking
200 East Grand Avenue, Suite 300
Des Moines, Iowa 50309
Phone: 515-281-4014
Fax: 515-281-4862