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Minnesota vs New Hampshire for MLO Licensing

Total Fees
$281.25
MN
vs
$326.25
NH
Pre-Licensing
20 hrs
MN
vs
22 hrs
NH
Timeline
4-8 wks
MN
vs
6-12 wks
NH

Side-by-Side Comparison

Category Minnesota New Hampshire
Total Fees $281.25 $326.25
Pre-Licensing Hours 20 hrs 22 hrs
Processing Time 4-8 weeks 6-12 weeks
Renewal Cycle N/A N/A
Renewal Fee $50 $130
CE Hours 8 hrs 8 hrs
Reciprocity None None

Key Differences

Cost

Minnesota is $45 cheaper for total licensing fees.

Winner: Minnesota

Education Hours

Minnesota requires only 20 pre-licensing hours.

Winner: Minnesota

Processing Speed

Minnesota processes applications in 4-8 weeks.

Winner: Minnesota

Category Winners

Lower Cost
Minnesota $281.25
vs New Hampshire ($326.25)
Fewer Hours
Minnesota 20 hrs
vs New Hampshire (22 hrs)
Faster Processing
Minnesota 4-8 wks
vs New Hampshire (6-12 wks)

Minnesota

Minnesota Department of Commerce

Official Website →

New Hampshire

New Hampshire Banking Department

Official Website →

Compare More States

Compare Minnesota MLO License

Compare New Hampshire MLO License