Kentucky Mortgage Licensing Requirements
License Type: Kentucky Mortgage Broker License
Physical Branch requirement
Not Required
Qualifying Individual Required
Not Required
Minimum Company Net Worth
Not Required
Company Financial Statements
CPA Compiled
Surety Bond Requirement
$50,000
Average Timeframe
45 Days - 60 Days
License Type: Kentucky Mortgage Company License
Physical Branch requirement
No
Qualifying Individual Required
No
Minimum Company Net Worth
$1,000,000 (Warehouse line of credit can be used to meet net worth requirement)
Company Financial Statements
CPA Audited Financials
Surety Bond Requirement
$250,000
Average Timeframe
45 Days - 60 Days