DSCR State Licensing
A state-by-state reference for brokers originating DSCR and business-purpose loans. Know where a Broker or MLO license is required before you take a scenario.
A company-level mortgage broker license is required to originate business-purpose loans in these states.
An individual Mortgage Loan Originator (MLO) license is required for the person taking the application.
Business-purpose loans may be originated without a state Broker or MLO license in these jurisdictions.
Which states require a license for DSCR loans?
Filter by license type or search for a specific state. "Broker License" refers to a company-level mortgage broker license; "MLO License" refers to the individual originator taking the application.
| State | Broker License | MLO License |
|---|---|---|
| Alabama | No | No |
| Alaska | No | No |
| Arizona | Yes | No |
| Arkansas | No | No |
| California | Yes | No |
| Colorado | No | No |
| Connecticut | No | No |
| District of Columbia (D.C.) | No | No |
| Delaware | No | No |
| Florida | No | No |
| Georgia | No | No |
| Hawaii | No | No |
| Idaho | Yes | Yes |
| Illinois | No | No |
| Indiana | No | No |
| Iowa | No | No |
| Kansas | Yes | No |
| Kentucky | No | No |
| Louisiana | No | No |
| Maine | No | No |
| Maryland | No | No |
| Massachusetts | No | No |
| Michigan | No | No |
| Minnesota | Yes | Yes |
| Mississippi | No | No |
| Missouri | No | No |
| Montana | No | No |
| Nebraska | Yes | No |
| Nevada | Yes | Yes |
| New Hampshire | No | No |
| New Jersey | No | No |
| New Mexico | No | No |
| North Carolina | No | No |
| North Dakota | No | No |
| Ohio | No | No |
| Oklahoma | No | No |
| Oregon | Yes | Yes |
| Pennsylvania | No | No |
| Rhode Island | No | No |
| South Carolina | No | No |
| South Dakota | Yes | Yes |
| Tennessee | No | No |
| Texas | No | No |
| Utah | Yes | Yes |
| Virginia | No | No |
| Washington | No | No |
| West Virginia | No | No |
| Wisconsin | No | No |
| Wyoming | No | No |
Reference only — not legal advice.
State licensing rules for business-purpose lending change frequently. Always confirm current requirements with your state regulator or legal counsel before originating a loan. Contact your Jet Mortgage Account Executive if you have questions on a specific scenario.
DSCR licensing questions brokers ask most
Do I need a mortgage license to originate DSCR loans?
It depends on the state. DSCR loans are business-purpose loans, so many states do not require a mortgage broker or MLO license to originate them. Others require a company-level broker license, an individual MLO license, or both — the state matrix on this page shows each requirement.
Which states require a broker license for business-purpose loans?
Arizona, California, Idaho, Kansas, Minnesota, Nebraska, Nevada, Oregon, South Dakota, and Utah require a company-level broker license to originate business-purpose loans. Filter the matrix by "Broker License Required" to see the current list.
Which states require an individual MLO license for DSCR loans?
Idaho, Minnesota, Nevada, Oregon, South Dakota, and Utah require the individual taking the application to hold an active MLO license, in addition to the company broker license.
Are DSCR loans exempt from TRID and consumer disclosure rules?
Business-purpose investor loans generally fall outside TRID and other consumer-mortgage disclosure requirements, which is why licensing treatment differs by state. Always confirm current requirements with your state regulator or counsel before originating.
How current is this DSCR state licensing matrix?
The matrix is maintained from JET Mortgage’s Business Purpose State Licensing Requirements reference. State rules change frequently, so treat it as a reference — not legal advice — and verify with your regulator or your Account Executive before taking a scenario.
Have a DSCR scenario?
Our Scenario Desk can help you structure DSCR and business-purpose loans across all approved states.