Illinois Mortgage Licensing Requirements
License Type: Illinois Residential Mortgage License
Physical Branch requirement
Not Required
Qualifying Individual Required
Yes
Minimum Company Net Worth
$50,000 (IL HQ) | $150,000 (Non-IL)
Company Financial Statements
CPA Audit Completed
Surety Bond Requirement
$25,000 / $100,000 Fidelity bond
Average Timeframe
45 Days