Indiana Mortgage Licensing Requirements
License Type: Indiana (SOS) Loan Broker License
Physical Branch requirement
Not Required
Qualifying Individual Required
Yes
Minimum Company Net Worth
Not Required
Company Financial Statements
Not Required
Surety Bond Requirement
$60,000
Average Timeframe
45 Days
License Type: Indiana (DFI) Mortgage Lending License
Physical Branch requirement
Not Required
Qualifying Individual Required
Yes
Minimum Company Net Worth
$100,000 ($50,000 in liquid assets)
Company Financial Statements
CPA Audited Financials
Surety Bond Requirement
$100,000
Average Timeframe
60 Days - 90 Days