Required for NMLS Licensing
Mortgage BrokerSurety Bonds
Get your mortgage broker bond for state licensing and NMLS compliance. Required in 44+ states for mortgage brokers, lenders, and servicers. Bond amounts from $10,000 to $500,000.
44+
States Covered
$10K-$500K
Bond Amounts
Accepted
All Credit
Same Day
Approval
A+ Rated Carriers
Same-Day Approval
NMLS Accepted
All 44+ States
Mortgage Broker Bonds by State
Bond amounts vary by state and license type — click states with dedicated pages for details
California
$25K-$200K
Connecticut
$50K-$500K
Georgia
$150K-$250K
Maryland
$50K-$150K
Massachusetts
$75K-$500K
Nevada
$50K-$75K
New Jersey
$150K-$300K
North Carolina
$75K-$500K
Tennessee
$90K-$200K
Wisconsin
$120K-$300K
Alabama
$25,000
Alaska
$25K-$100K
Arizona
$10K-$25K
Arkansas
$50K-$100K
Colorado
$25,000
Delaware
$25K-$100K
DC
$25K-$50K
Illinois
$25K-$100K
Indiana
$25K-$50K
Iowa
$25K-$75K
Kansas
$50K-$100K
Kentucky
$25K-$50K
Louisiana
$25K-$50K
Maine
$25K-$50K
Michigan
$25K-$50K
Minnesota
$25K-$100K
Mississippi
$25K-$100K
Missouri
$25K-$100K
Montana
$25K-$100K
Nebraska
$25K-$100K
New Hampshire
$25K-$50K
New Mexico
$25K-$50K
New York
$10K-$50K
North Dakota
$25K-$50K
Ohio
$25K-$100K
Oklahoma
$25K-$75K
Oregon
$25K-$50K
Pennsylvania
$50K-$100K
Rhode Island
$25K-$50K
South Carolina
$25K-$75K
South Dakota
$25,000
Texas
$25K-$50K
Vermont
$25K-$50K
Virginia
$25K-$100K
Washington
$20K-$60K
West Virginia
$25K-$100K
Wyoming
$25,000
Types of Mortgage Bonds
Different license types require different bonds
Mortgage Broker Bond
$25K-$150K
For licensed mortgage brokers originating loans
Mortgage Lender Bond
$50K-$500K
For mortgage lenders funding loans directly
Mortgage Servicer Bond
$50K-$300K
For companies servicing mortgage loans
Mortgage Loan Originator Bond
$10K-$50K
For individual loan officers in some states
How to Get Your Mortgage Broker Bond
Simple process for NMLS licensing
1
Apply Online
Complete our application with your business details and financial information.
2
Underwriting
Our team reviews your application, credit, and financials for the best rate.
3
Get Approved
Receive your bond approval — often same-day for straightforward applications.
4
File with NMLS
Upload your bond to NMLS and submit to your state regulator for licensing.
Mortgage Broker Bond Costs
Premiums based on bond amount and credit score
Excellent Credit (750+)
1-3%
of bond amount/year
$25K bond: $250-$750/yr
Good Credit (700-749)
3-5%
of bond amount/year
$25K bond: $750-$1,250/yr
Fair Credit (650-699)
5-10%
of bond amount/year
$25K bond: $1,250-$2,500/yr
Frequently Asked Questions
Common questions about mortgage broker bonds
What is a mortgage broker bond?
A mortgage broker bond is a surety bond required by most states for mortgage broker licensing through NMLS (Nationwide Multistate Licensing System). It protects consumers from broker fraud, misrepresentation, and violation of state lending laws. Bond amounts vary by state from $10,000 to $500,000.
How much does a mortgage broker bond cost?
Mortgage broker bond premiums typically range from 1% to 10% of the bond amount annually. A $25,000 bond costs $250-$2,500/year. A $150,000 bond costs $1,500-$15,000/year. Rates depend on credit score, financial statements, and industry experience.
What credit score do I need for a mortgage broker bond?
Excellent credit (750+) gets the best rates at 1-3%. Good credit (700-749) pays 3-5%. Fair credit (650-699) pays 5-8%. We also have programs for credit scores below 650, though rates will be higher. Financial statements and industry experience also factor into pricing.
Do all states require a mortgage broker bond?
Most states require mortgage broker bonds, but not all. Currently 44+ states require surety bonds for mortgage brokers. States like Florida (removed Jan 2023), Hawaii, Idaho, and Utah do not require bonds. Requirements change frequently, so verify with your state regulator.
How do I file my mortgage broker bond with NMLS?
After purchasing your bond, upload it to your NMLS account under the surety bond section. Most states accept electronic filing through NMLS. We provide bonds in the correct format for NMLS submission and can assist with the filing process.
What is the difference between a mortgage broker bond and mortgage lender bond?
A mortgage broker bond covers companies that originate loans but don't fund them directly. A mortgage lender bond covers companies that fund loans. Lender bonds are typically larger ($50K-$500K) because lenders handle consumer funds directly. Some states require both if you hold dual licenses.
Can I get a mortgage broker bond with bad credit?
Yes, but rates will be higher. We work with carriers that specialize in higher-risk applicants. Strong financial statements, industry experience, and clean regulatory history can offset lower credit scores. Contact us for a personalized quote.
How long does it take to get a mortgage broker bond?
Simple applications with good credit are often approved same-day. Complex applications or higher bond amounts may require 2-5 business days for financial statement review and underwriting. We expedite processing whenever possible.
Learn More About Surety Bonds
Resources for mortgage professionals
Written by BuySuretyBonds.com
Surety bond specialists operating nationwide with direct integrations to Treasury-certified surety carriers. Our platform enables instant approval for license and notary bonds, with 24-48 hour underwriting for commercial bonds. All content is researched from official state and federal sources (.gov) and reviewed by bond industry experts.
NMLS Compliant Bonds
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