If you are a Residential Mortgage Broker in New Jersey, you are required to apply for a license through the National Mortgage Licensing System (NMLS) and to file a New Jersey Residential Mortgage Broker Surety Bond in the amount of $150,000 as a condition of licensure.
The premium that you pay for a New Jersey Residential Mortgage Broker Surety Bond is dependent on credit and buisness and personal financials. Premiums start at .75% of the bond amount with good credit. Our Surety Bond Specialists can provide you with a free quote that fits your specific situation.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. 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