Mortgage Broker License Requirements by State
Every state requires mortgage brokers to obtain a license through the NMLS. Requirements vary significantly by state, including net worth minimums, surety bonds, education, and experience. Select your state below for specific requirements.
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General Requirements for All States
Pre-Licensing Education
20 hours of NMLS-approved education covering federal law, ethics, non-traditional lending, and elective topics.
NMLS Exam
Pass the Uniform State Test (UST) with a minimum score of 75%. The exam covers state-specific mortgage regulations.
Background Check
FBI criminal background check and credit report are required. Certain convictions may disqualify applicants.
Net Worth & Surety Bond
Most states require a minimum tangible net worth ($25,000-$250,000) and a surety bond ($10,000-$150,000).