Iowa Mortgage Licensing Requirements
License Type: Iowa Mortgage Broker License
Physical Branch requirement
Not Required
Qualifying Individual Required
Not Required
Minimum Company Net Worth
Positive
Company Financial Statements
P & L and Balance Sheet
Surety Bond Requirement
$100,000
Average Timeframe
45 Days
License Type: Iowa Mortgage Banker License
Physical Branch requirement
No
Qualifying Individual Required
No
Minimum Company Net Worth
Positive
Company Financial Statements
P & L and Balance Sheet
Surety Bond Requirement
$100,000
Average Timeframe
45 Days