Virginia Mortgage Loan Originator Bond

Bond Details

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

Overview

Individual mortgage loan originators in Virginia may be required to get a surety bond in an amount ranging between $25,000 and $150,000 based on their origination volume. The bonds are available at a rate of $6 per $1,000 in liability and are issued in the Nationwide Mortgage Licensing System (NMLS) without a credit check.