Mortgage Loan Officer License: Texas vs New York
Thinking about getting your mortgage loan officer license? Here's how Texas and New York compare on education requirements, exam fees, total costs, and renewal obligations.
| Requirement | Texas | New York |
|---|---|---|
| Education Hours | 23 hours | 20 hours |
| Exam | NMLS SAFE MLO Test | NMLS SAFE MLO Test |
| Application Fee | $325 | $600 |
| Exam Fee | $110 | $110 |
| Total Estimated Cost | $1,000 - $2,000 | $1,300 - $2,300 |
| Renewal Period | Every 1 year | Every 1 year |
| CE Hours | 8 hours | 8 hours |
| Renewal Fee | $325 | $600 |
Which State Is Easier or Cheaper?
Lower cost: Texas is the more affordable option, with an average total cost of $1,000-$2,000 compared to $1,300-$2,300.
Fewer education hours: New York requires 20 hours of pre-license education, compared to 23 hours in Texas.
Full State Guides
Compare mortgage loan officer requirements across all 50 states →