West Virginia Mortgage Lender Surety Bond

Bond Details

• West Virginia Mortgage Lender Bond – $100,000 bond – $600 per year
• West Virginia Mortgage Lender Bond – $150,000 bond – $900 per year
• West Virginia Mortgage Lender Bond – $200,000 bond – $1,200 per year
• West Virginia Mortgage Lender Bond – $250,000 bond – $1,500 per year

Overview

The West Virginia Division of Financial Institutions requires mortgage lenders to get a mortgage lender bond with a bond amount ranging from $100,000 to $250,000 as part of the licensing process. The specific bond amount within this range is determined by factors like the mortgage lender's loan volume and financial status. The NNA has secured a $6 premium per $1,000 liability for all West Virginia Mortgage Lenders without a credit check.