District of Columbia Mortgage Broker License

Washington DC has three licenses; mortgage broker, mortgage lender and mortgage dual authority. Brokers must demonstrate a net worth of 25k per licensed location. Lenders must demonstrate a net worth of 200k per licensed location and for the dual authority, a net worth of 225k is required. Each license also requires an MLO before they will approve the license. District of Columbia

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
District of ColumbiaMortgage Broker License$1200.00$100.00$439.00Call for More Information$1739.00
District of ColumbiaMortgage Lender License$1300.00$100.00$439.00Call for More Information$1839.00
District of ColumbiaCOA$0.00$0.00$438.00Call for More Information$438.00

License: Mortgage Broker License

  • Operating Status: Broker
  • Bond Amount: $12,500
  • Net Worth: $25,000
  • Brick & Mortar: No
  • Audited Financials: No

License: Mortgage Dual Authority License

  • Operating Status: Broker/Lender
  • Bond Amount: $12,500
  • Net Worth: $225,000
  • Brick & Mortar: No
  • Audited Financials: No

License: Mortgage Lender License

  • Operating Status: Lender
  • Bond Amount: $12,500
  • Net Worth: $200,000
  • Brick & Mortar: No
  • Audited Financials: No

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