How to Get a Mortgage Loan Officer License in Chicago, Illinois
Last updated: March 2, 2026
Quick Facts — Chicago
Median Salary (National)
$69,990/yr
Education Required
20 hrs
Total Cost
$1,300
City Population
2,664,452
Mortgage Loan Officer licensing in Chicago follows Illinois's statewide requirements — the Illinois Department of Financial and Professional Regulation issues all mortgage loan officer licenses regardless of which city you're in. You'll need to complete 20 hours of pre-license education , pass the NMLS SAFE MLO Test, and submit your application. The total cost ranges from $800 to $1,800. For the complete step-by-step process, see our Illinois mortgage loan officer license guide.
Illinois Mortgage Loan Officer Requirements
| Requirement | Details |
|---|---|
| Minimum Age | 18 years old |
| Pre-License Education | 20 hours |
| Degree Required | No |
| Exam Required | Yes — NMLS SAFE MLO Test |
| Passing Score | 70% |
| Background Check | Yes |
| Broker Sponsorship | Not required |
| Application Fee | $300 |
| Exam Fee | $110 |
| Governing Body | Illinois Department of Financial and Professional Regulation |
| License Reciprocity | Partial |
These requirements apply statewide in Illinois, including Chicago and Cook County. See the full Illinois guide for step-by-step instructions →
Working as a Mortgage Loan Officer in Chicago
Chicago (2,664,452 population) is one of the largest cities in Illinois, located in Cook County. Mortgage Loan Officers in the Chicago area serve a large and diverse local population, creating strong demand for licensed professionals.
The national median salary for mortgage loan officers is $69,990 per year. Actual earnings in Chicago may vary based on local cost of living, experience level, employer, and specialization. Larger metro areas typically offer higher compensation to offset the higher cost of living.
Once licensed by the Illinois Department of Financial and Professional Regulation, your is valid throughout Illinois — you can work in Chicago, Cook County, or any other location in the state without additional local licensing . Your license must be renewed every 1 year with 8 hours of continuing education at a cost of $300.
How Much Does It Cost?
Education/Training
$1,260
Exam Fee
$110
Application Fee
$300
Total Estimate
$800 – $1,800
Costs are the same across Illinois — Chicago residents pay the same state fees. Living expenses and school tuition may vary by location.
Frequently Asked Questions
How long does it take to get a mortgage loan officer license in Illinois?
Most people complete the process in 2-4 weeks total. The pre-license education (20 hours) takes the longest. After completing education, the exam and application process typically adds 2-6 weeks.
How much does it cost to get a mortgage loan officer license in Illinois?
The total cost ranges from $800 to $1,800, including pre-license education, the application fee ($300), and the exam fee ($110).
Can I get an Illinois mortgage loan officer license with a criminal record?
The Illinois Department of Financial and Professional Regulation evaluates criminal history on a case-by-case basis. Having a criminal record does not automatically disqualify you, but certain offenses may affect your eligibility. Contact the Illinois Department of Financial and Professional Regulation for guidance before applying.
Do I need a college degree to become a mortgage loan officer in Illinois?
No. Illinois does not require a college degree. You only need to complete the 20 hours of approved pre-license courses.
Can I take the pre-license courses online in Illinois?
Many approved education providers offer pre-license courses online, allowing you to study at your own pace. Check the Illinois Department of Financial and Professional Regulation website for a list of approved providers.
Complete Illinois Mortgage Loan Officer License Guide
For detailed step-by-step instructions, exam prep tips, renewal information, and key considerations, see our comprehensive Illinois guide.
Read Full Illinois Guide →