Home  License and Permit Bonds   Mortgage Broker Bond State Requirements

Mortgage Brokers License & Surety Bond Requirements

A house with a

Apply Online

Or call 844-432-6637

SuretyGroup.com is licensed to write all surety bonds for the mortgage industry in all 50 states. In most states, Mortgage Brokers, Lenders, Servicers, Loan Originators, Mortgage Companies and more are required to secure a surety bond to guarantee the compliance of rules and regulations set forth by a states license statutes. A Mortgage Broker Surety Bond will also protect consumers against misleading and fraudulent lending practices.

Premium rates for Mortage Broker Surety Bonds start at a minimum $100, or .75% of the bond amount, with good credit.

Applying for a Mortgage Broker, Lender, or Servicer Bond in Your State?

  1. The first step in applying for a surety bond is understanding the licensing requirements of the state in which you will operate. Click on the state below to learn more about that state's requirements. Most states require continuing education and charge a licensing fee. Most states require a surety bond to be posted in order to qualify for a license. Additionally, states require the surety posting the bond to be licensed in that specific state (the Surety Group is licensed in all 50 states).
  2. Once you understand the requirements, then you will need to complete an application for a mortgage broker bond. Below, click "Apply Now" that corresponds to the state in which you operate.
  3. Once your application has been approved, you will need to pay the premium that is determined by underwriting. Upon receipt of payment, you will then be issued a bond. The surety bond will either need to be sent to the National Mortgage Licensing System (NMLS), or the surety will directly upload it into the NMLS portal (states that are applicable) or the surety bond may need to be sent directly to your state government office. Each state specifies the means of delivery as how they want the bond to be received.

Alabama Mortgage Broker Bond$25,000Apply Now
Alaska Mortgage Broker Bond / Mortgage Lender$75,000Apply Now
Arizona Mortgage Broker Bond$15,000Apply Now
Arkansas Mortgage Broker Bond / Mortgage Banker/ Mortgage Servicer$50,000 - $150,000Apply Now
California Residential Mortgage Lender Bond$50,000Apply Now
Colorado Mortgage Loan Originator Bond$25,000Apply Now
Connecticut Mortgage Broker Bond$50,000Apply Now
Delaware Mortgage Loan Broker Bond$25,000Apply Now
District Of Columbia Mortgage Broker Bond/ Mortgage Dual Authority / Mortgage Lender $12,500 - $50,000Apply Now
Georgia Mortgage Broker Bond$150,000Apply Now
Hawaii Mortgage Servicer Bond$100,000Apply Now
Illinois Mortgage Broker Bond$25,000Apply Now
Indiana Mortgage Lending Bond$100,000Apply Now
Iowa Mortgage Broker Bond$100,000Apply Now
Kansas Mortgage Company Bond$50,000Apply Now
Kentucky Mortgage Broker Bond/ Mortgage Company License$50,000 / $250,000Apply Now
Louisiana Residential Mortgage Lending Bond$25,000Apply Now
Maine Mortgage Loan Broker Bond/ Mortgage Loan Originator$25,000 / $50,000Apply Now
Maryland Mortgage Lender Bond$50,000Apply Now
Massachusetts Mortgage Broker Bond/ Mortgage Lender$75,000 - $500,000Apply Now
Michigan 1st Mortgage Broker/Lender/Servicer Bond$25,000Apply Now
Minnesota Residential Mortgage Servicer Bond$100,000Apply Now
Mississippi Mortgage Broker Bond$25,000Apply Now
Missouri Residential Mortgage Loan Broker Company Bond$50,000Apply Now
Montana Mortgage Broker Bond$25,000Apply Now
Nebraska Mortgage Banker Bond$100,000Apply Now
Nevada Mortgage Broker Bond$50,000Apply Now
New Hampshire Mortgage Broker Bond$50,000Apply Now
New Jersey Residential Mortgage Broker Bond$150,000Apply Now
New York Mortgage Broker Bond$10,000Apply Now
New Mexico Mortgage Loan Company Bond$50,000Apply Now
North Carolina Mortgage Broker Bond$75,000Apply Now
North Dakota Mortgage Broker Bond$25,000Apply Now
Ohio Mortgage Broker Act Bond$50,000Apply Now
Oklahoma Mortgage Lender Bond$100,000Apply Now
Oregon Mortgage Lender Bond$50,000Apply Now
Pennsylvania Mortgage Broker Bond / Mortgage Lender / Mortgage Servicer $50,000 - $500,000Apply Now
Rhode Island Lender Bond$50,000Apply Now
South Carolina Mortgage Broker Bond$25,000Apply Now
South Dakota Mortgage Brokerage Bond$25,000Apply Now
Tennessee Mortgage Lender/Broker/Servicer Bond$90,000Apply Now
Texas Residential Mortgage Loan Servicer Bond$25,000Apply Now
Utah Mortgage Loan Originator Bond$12,500Apply Now
Vermont Mortgage Broker Bond$25,000Apply Now
Virginia Mortgage Broker Bond$25,000Apply Now
Washington Mortgage Broker Bond$20,000Apply Now
West Virginia Mortgage Broker Bond /Mortgage Lender Bond$50,000Apply Now
Wisconsin Mortgage Broker Bond/ Mortgage Banker / Mortgage Loan Originator$120,000 - $300,000Apply Now
Wyoming Mortgage Lender/Broker Bond$25,000Apply Now
Additional bond amounts are required in some states based on the volume of loans written or originated.

Related Links:

Read our blog, Does a Mortgage Broker Need More Than One Bond?
Read our blog, Who Requires Real Estate Broker Bonds?
Read our blog, Licensed and Bonded with NMLS
NMLS State Licensing
Read our blog: Are You Paying Too Much for your Surety Bond?

More Surety Bond Questions?

Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.


For a downloadable application