Virginia Mortgage Broker Bond

Bond Details

• Virginia Mortgage Broker Bond – $25,000 bond – $150 per year
• Virginia Mortgage Broker Bond – $50,000 bond – $300 per year
• Virginia Mortgage Broker Bond – $75,000 bond – $450 per year
• Virginia Mortgage Broker Bond – $100,000 bond – $600 per year
• Virginia Mortgage Broker Bond – $150,000 bond – $900 per year

Overview

Virginia mortgage broker bonds ensure that mortgage brokers in the state comply with all rules and regulations that govern their industry. They are meant to protect your customers. These bond amounts range between $25,000-$150,000 depending on the volume of residential mortgages closed in preceding calendar year.

The NNA has secured premiums of $6 per $1,000 in liability for all Virginia mortgage brokers to obtain this bond without a credit check.