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New Financing Plan for Auto Dealers in Texas: Texas dealers can finance their auto dealer bond with four payments....
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The Surety Group has bond programs for mortgage brokers with no collateral requirement. We are even waiving spousal indemnity and offering financing for brokers who qualify. Rates are available online-- click on your state below for instant answers. If your need one or more mortgage broker bonds and they total less than $100,000, you may qualify for our Fast-Track Mortgage Bond Program. All you need is an Equifax score of 650 and three years of experience in the mortgage broker industry.
| CLICK BELOW FOR YOUR STATE'S RATES |
BOND AMOUNT |
**TWO YEAR RATES
BEGIN AT |
GET AN ANSWER TODAY |
| Alabama* |
$25,000 |
$370 |
 |
| Alaska |
$75,000 |
$694 |
|
| Arizona |
$10,000 |
$370 |
|
| Arkansas |
$100,000 |
$926 |
|
| California |
$50,000 |
$1,250 |
|
| Colorado |
$25,000 |
$370 |
|
| Connecticut* |
$50,000 |
$464 |
|
| Delaware |
$25,000 |
$370 |
|
| District Of Columbia |
$12,500 |
$370 |
|
| Florida |
$10,000 |
$370 |
|
| Georgia |
$50,000 |
$464 |
|
| Hawaii |
$15,000 |
$370 |
|
| Idaho |
Bond not needed |
|
|
| Illinois* |
$20,000 |
$370 |
|
| Indiana |
$100,000 |
$926 |
|
| Iowa |
$100,000 |
$926 |
|
| Kansas* |
$50,000 |
$464 |
|
| Kentucky |
$50,000 |
$464 |
|
| Louisiana* |
$25,000 |
$370 |
|
| Maine* |
$25,000 |
$370 |
|
| Maryland* |
$50,000 |
$464 |
|
| Massachusetts |
$75,000 |
$694 |
|
| Michigan |
$25,000 |
$370 |
|
| Minnesota |
$100,000 |
$926 |
|
| Mississippi |
$25,000 |
$370 |
|
| Missouri |
$50,000 |
$900** |
|
| Montana* |
$25,000 |
$370 |
|
| Nebraska* |
$100,000 |
$464 |
|
| Nevada* |
$50,000 |
$1,500** |
|
| New Hampshire |
$50,000 |
$464 |
|
| New Jersey* |
$150,000 |
$464 |
|
| New Mexico* |
$50,000 |
$464 |
|
| North Carolina* |
$75,000 |
$694 |
|
| North Dakota* |
$25,000 |
$370 |
|
| Ohio* |
$50,000 |
$464 |
|
| Oklahoma |
$10,000 |
$370 |
|
| Oregon* |
$50,000 |
$464 |
|
| Pennsylvania* |
$50,000 |
$464 |
|
| Rhode Island* |
$50,000 |
$464 |
|
| South Carolina |
$25,000 |
$370 |
|
| South Dakota |
$25,000 |
$370 |
|
| Tennessee* |
$90,000 |
$834 |
|
| Texas* |
$50,000 |
$370 |
|
| Utah* |
$12,500 |
$200 |
|
| Vermont |
$25,000 |
$370 |
|
| Virginia |
$25,000 |
$370 |
|
| Washington* |
$20,000 |
$370 |
|
| West Virginia |
$50,000 |
$464 |
|
| Wisconsin |
$120,000 |
$3,000** |
|
| Wyoming |
$25,000 |
$370 |
| |
*Click state to view additional bond amounts.
**All bonds are written on a two year basis except Wisconsin, Nevada, Missouri which are written on a one year basis.
How to apply for a mortgage broker surety bond
The first step in applying for a mortgage broker bond is understanding the licensing requirements of the state in which you will operate.
- Most states require yearly continuing education and charge a licensing fee.
- Some states require a mortgage broker bond to be posted in order for a broker to qualify for a license.
- Additionally, states require the surety posting the bond to be licensed in that specific state.
Then you will need to complete an application for a mortgage broker bond.
- Once your application has been approved, you must submit it, along with your bond, to your state government office.
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