What license are you applying for?
Bond requirements vary by license type and state.
We are an NMLS authorized provider. Once you purchase, we can upload your bond directly to the NMLS for you, speeding up your approval.
Why is this bond required?
Most states require a surety bond to activate your license. It is not insurance for you; it is a financial guarantee that protects your customers and the state against fraud, misrepresentation, or failure to account for funds.
What is your current status?
This helps us match you with the right underwriter.
New License
I am applying for a new license in this state.
Renewal
I already have a bond and need to renew or switch brokers.
Credit Issues?
I have a low credit score or a past bankruptcy (It's OK!).
Can I get a bond with bad credit?
Yes. Surety bonds are credit-based, but we work with specific carriers who specialize in "high risk" or bad credit applicants.
What is your Required Bond Amount?
This is set by the state (not the price you pay).
How do I know my bond amount?
Check your state's NMLS checklist. Usually, new licensees start at a fixed amount (e.g., $50,000). Existing licensees have bond amounts based on their loan volume from the previous year.
*We only charge a small percentage of this amount (typically 0.75% to 3%).
Do you need Mortgage E&O?
Many investors and states require Errors & Omissions insurance.
Surety Bond vs. Insurance: What's the difference?
A Mortgage Broker Bond is a "license bond." Unlike insurance, which protects your business, a bond protects the public and the state.
It guarantees that you will follow state banking laws and regulations. If you commit fraud or fail to pay fees, a claim can be made against the bond. You are responsible to pay back the surety for any claims paid out.
Why choose us for bonding?
- Direct NMLS Filing
- Soft Credit Inquiries
- Access to 30+ Markets
- Instant PDF Copies
How much does a bond cost?
You don't pay the full bond amount. You pay a small percentage (premium) based on your credit score.
Standard Market
Example: A $50,000 bond might cost you $375 - $750 per year.
Standard/Mid Market
Example: A $50,000 bond might cost you $750 - $1,500 per year.
Non-Standard Market
Even with bankruptcies or low scores, we can usually get you approved so you can work.
What impacts your price?
The #1 factor. Higher scores indicate financial stability to the surety.
Higher loan volumes require higher bond limits, which increases the premium.
For very large bonds, underwriters may look at your business liquidity.
Years in business can sometimes earn you a discount.