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Iowa vs Virginia for MLO Licensing

Total Fees
$241.25
IA
vs
$341.25
VA
Pre-Licensing
20 hrs
IA
vs
20 hrs
VA
Timeline
4-8 wks
IA
vs
6-14 wks
VA

Side-by-Side Comparison

Category Iowa Virginia
Total Fees $241.25 $341.25
Pre-Licensing Hours 20 hrs 20 hrs
Processing Time 4-8 weeks 6-14 weeks
Renewal Cycle N/A N/A
Renewal Fee $50 $150
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Iowa is $100 cheaper for total licensing fees.

Winner: Iowa

Processing Speed

Iowa processes applications in 4-8 weeks.

Winner: Iowa

Category Winners

Lower Cost
Iowa $241.25
vs Virginia ($341.25)
Fewer Hours
Iowa 20 hrs
vs Virginia (20 hrs)
Faster Processing
Iowa 4-8 wks
vs Virginia (6-14 wks)

Virginia

Virginia Bureau of Financial Institutions

Official Website →

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Compare Iowa MLO License

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