Arkansas Mortgage Broker Requirements

Mortgage brokers in Arkansas are governed by the Arkansas Securities Department.

Mortgage brokers seeking an Arkansas mortgage license are not required to maintain a physical office within the state of Arkansas. The individual attempting to become the licensee must have three (3) years of experience in mortgage lending or other experience or competency requirements as the commissioner may adopt by rule or order. Audited financials, dated within the last twelve (12) months, must show a minimum net worth of $25,000. A surety bond in the amount of $50,000 is also required for mortgage brokers.

Arkansas Mortgage Licensing Fees

The state of Arkansas currently charges $750 to apply for a mortgage broker license. There is a $50 fee for each loan officer.

For complete assistance on your Arkansas Mortgage License, call American Mortgage Licensing to start your project today, 866.588.6600.