West Virginia Mortgage Broker Surety Bond

Bond Details

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

Overview

West Virginia mortgage brokers are required to obtain a mortgage broker bond with a bond amount ranging from $50,000 to $100,00 as part of their licensing process. The specific bond amount within this range is determined based on factors like the mortgage brokers' loan volume and financial status. The NNA has secured a $6 rate per $1,000 of liability for all West Virginia mortgage brokers without a credit check.