Idaho Mortgage Licensing Requirements

Contents

Physical Location Required

Individual Loan Officer Licensing Required?

Testing Required to Become Loan Officer?

Part of the Nationwide Mortgage Licensing System?

License Required for Loan Modification?

No

 

Yes

 

No

Yes

No

Broker Requirements:

(1) $350 application fee

(2) $25,000 Surety Bond

(3) Provide residence & employment for previous 10 years

(4) Must have 3 years experience specifically in Residential Mortgage Brokering or Lending

(5) No physican location is requied in the State of Idaho.

 


Loan Officer Requirements:

18 Years of Age 


Contact Information:

Idaho Department of Finance

800 Park Blvd., Suite #200

Boise, ID 83712

P.O. Box 83720

Boise, ID 83720-0031

Phone: 208.332.8000 Option 3

Toll-Free (within Idaho Only): 888.346.3378

E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Website:http://finance.state.id.us/MortgageForm.aspx

 


Map of Idaho Department of Finance:

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