Get your mortgage broker bond or mortgage lender license bond with same-day approval. We specialize in mortgage bonds for all 50 states, including MLO bonds, mortgage banker bonds, and mortgage servicer bonds.
Mortgage Broker Bond Basics
What Are Mortgage Bonds?
Mortgage bonds are surety bonds required by state agencies for professionals in the mortgage industry. They protect consumers from fraud, misrepresentation, and violations of mortgage lending laws.
Types of mortgage bonds we offer:
- ✓ Mortgage Broker Bonds: Required for licensed mortgage brokers
- ✓ Mortgage Lender Bonds: Required for mortgage lending companies
- ✓ Mortgage Banker Bonds: Required for mortgage banking institutions
- ✓ Mortgage Servicer Bonds: Required for loan servicing companies
- ✓ Mortgage Loan Originator Bonds: Required for individual loan officers
How Much Does a Mortgage Broker Bond Cost?
Mortgage broker bond costs range from $150 to $3,000+ per year depending on the bond amount, your credit score, and financial strength.
- Credit Score – Most important factor (1-10% of bond amount)
- Years in Business
- Loan Volume – Higher volume may require higher bond amounts
- Business Financials – Assets, Revenue, Profitability
Mortgage Bond Requirements by State
Mortgage bond requirements vary significantly by state. Here are the states with the highest search volume for mortgage bonds:
Top States Requiring Mortgage Bonds:
| State / Bond Type | Bond Amount | Required For | Quote |
|---|---|---|---|
| New Hampshire Mortgage Broker Bond | Typically $50,000+ | Mortgage brokers, mortgage bankers, mortgage servicers | Request a Quote |
| Vermont Mortgage Broker Bond | $25,000+ (based on loan volume) | First mortgage lenders, loan solicitors | Request a Quote |
| Wisconsin Mortgage Broker Bond | $25,000+ | Mortgage brokers, mortgage bankers | Request a Quote |
| New York Mortgage Broker Bond | Varies by license type ($10,000+) | Mortgage brokers, mortgage bankers | Request a Quote |
| Connecticut Mortgage Broker Bond | $50,000+ | Mortgage brokers, mortgage lenders | Request a Quote |
| Delaware Mortgage Broker Bond | $25,000+ | Licensed lenders, mortgage brokers | Request a Quote |
| Hawaii Mortgage Broker Bond | $15,000+ | Mortgage servicers, mortgage loan originators | Request a Quote |
| Rhode Island Mortgage Broker Bond | $5,000+ | Lenders, loan brokers | Request a Quote |
| Montana Mortgage Broker Bond | $25,000+ | Mortgage brokers, mortgage lenders | Request a Quote |
| Virginia Mortgage Broker Bond | $25,000+ | Mortgage brokers, mortgage lenders | Request a Quote |
| Wyoming Mortgage Broker Bond | $25,000+ | Mortgage loan originators | Request a Quote |
Getting a Mortgage Broker Bond with Bad Credit
Bad credit won’t prevent you from getting your mortgage license. We approve most mortgage bond applications regardless of credit score.
Bad Credit Mortgage Bond Options:
- Higher premium rates
- Collateral options available
- Financial statements may help lower premium rate
How to Get a Mortgage Broker Bond
-
1
Determine Your Bond Requirements
• Check your state’s Department of Financial Institutions or Banking website
• Verify exact bond amount required for your license type
• Confirm if bond must be filed with state
• Note any specific bond form requirements -
2
Complete Bond Application
• Apply online
• Provide personal and business information if required
• Submit SSN for credit check (Soft credit pull) -
3
Receive Quote and Underwriting
Receive email with premium approval (usually within 24-48 hours)
An Indemnity Agreement will be sent along with quote (if indemnity is required) -
4
Purchase Your Bond
• Pay premium online, by phone, or ACH
• Multi-year terms save 15-30% vs annual renewals -
5
Receive and File Your Bond
• Bond delivered via email (PDF) same day
• Original bond filed electronically with NMLS on your behalf (if required)
• Original bond mailed same or next business day if required
• File bond with state licensing authority
• Maintain bond active for entire license period
Mortgage Broker Bond FAQs
What is a mortgage broker bond?
How much does a mortgage broker bond cost?
What states require mortgage broker bonds?
Can I get a mortgage broker bond with bad credit?
What’s the difference between a mortgage broker bond and a mortgage lender bond?
How long does it take to get a mortgage broker bond?
Do I need to renew my mortgage broker bond?
What is an MLO bond?
What happens if someone files a claim against my mortgage bond?
Why Choose BondsExpress for Mortgage Broker Bonds?
- ✓ 60 Years Experience – Founded 1965, licensed in all 50 states
- ✓ A+ BBB Rating – BBB Accredited with highest rating
- ✓ Same-Day Approval – Most mortgage professionals approved within hours
- ✓ Bad Credit Specialists
- ✓ Competitive Rates – We shop multiple sureties for best pricing
- ✓ Multi-Year Discounts – Save 15-30% with 2-3 year terms
- ✓ Spanish Support – Se Habla Español
Get Your Mortgage Bond
Call: 1-800-331-5453
Monday-Friday 8:30 AM – 6:00 PM EST
State Mortgage Bond Requirements
Browse mortgage bonds by state using the list above. Each state has specific requirements for:
- Bond amounts based on loan volume and license type
- Filing procedures with state regulators
- Renewal deadlines and continuous bond requirements
- NMLS (Nationwide Multistate Licensing System) integration
- Surety company financial strength ratings
- Additional licensing requirements (net worth, experience, etc.)
Important Federal Requirement: All mortgage loan originators must register with the NMLS and comply with the SAFE Act (Secure and Fair Enforcement for Mortgage Licensing Act). Your surety bond must be filed through the NMLS system in most states.
Questions about your state’s mortgage bond requirements?
Call 1-800-331-5453 and speak with a licensed mortgage bond specialist who can guide you through your specific state’s requirements.
Common Mortgage Bond Types by State:
- Mortgage Broker Bond – For companies arranging mortgage loans
- Mortgage Lender Bond – For companies funding mortgage loans
- Mortgage Banker Bond – For companies both originating and funding loans
- MLO Bond – For individual mortgage loan originators
- Mortgage Servicer Bond – For companies servicing existing mortgages
- Finance Lender Bond – For non-traditional lending (California)
- Finance Broker Bond – For arranging non-traditional financing (California)
- Residential Mortgage Lender Bond – Specific to residential lending
- Commercial Mortgage Broker Bond – Specific to commercial lending
Questions about your state’s mortgage bond requirements? Call us at 1-800-331-5453 and speak with a licensed surety bond specialist.