Arizona Mortgage Licensing Requirements
License Type: Arizona Mortgage Broker License
Physical Branch requirement
Yes
Qualifying Individual Required
Yes, QI will be the "AZ RI" that resides in AZ
Company Financial Statements
P & L and Balance Sheet
Surety Bond Requirement
$15,000
Average Timeframe
Under 30 days
License Type: Arizona Mortgage Banker License
Physical Branch requirement
Yes
Qualifying Individual Required
Yes, QI will be the "AZ RI" that resides in AZ
Minimum Company Net Worth
$100,000
Company Financial Statements
CPA Audited Financials (Exemption available if only will sell to "Institutional Lenders"
Surety Bond Requirement
$25,000 - $50,000
Average Timeframe
Under 30 days