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Iowa vs Michigan for MLO Licensing

Total Fees
$241.25
IA
vs
$471.25
MI
Pre-Licensing
20 hrs
IA
vs
20 hrs
MI
Timeline
4-8 wks
IA
vs
4-8 wks
MI

Side-by-Side Comparison

Category Iowa Michigan
Total Fees $241.25 $471.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 4-8 weeks
Renewal Cycle N/A N/A
Renewal Fee $50 $100
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Iowa is $230 cheaper for total licensing fees.

Winner: Iowa

Category Winners

Lower Cost
Iowa $241.25
vs Michigan ($471.25)
Fewer Hours
Iowa 20 hrs
vs Michigan (20 hrs)
Faster Processing
Iowa 4-8 wks
vs Michigan (4-8 wks)

Michigan

Michigan Department of Insurance and Financial Services

Official Website →

Compare More States

Compare Iowa MLO License

Compare Michigan MLO License