Illinois Mortgage Licensing

Mortgage Broker and/or Lender Licensing

License: Illinois Residential Mortgage Broker License

Physical Office Required:  No
Qualifying Individual Required: Yes
Minimum Net Worth:  Illinois headquarters: $50,000, Non-Illinois companies: $150,000
Financial Statements:  Audited 
Surety Bond Amount:  $25,000 / $100k Fidelity for those without an Illinois office
Company License Fee:  $2,800

Regulated by:

Office of Banks and Real Estate
Illinois Department of Financial and Professional Regulation
100 West Randolph, 9th Floor
Chicago, Illinois 60601
Phone: 800-532-8785
Fax: 312-793-7097
FPR.MortgageLicensing@illinois.gov

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