Maine Mortgage Licensing

Maine is one of the states that requires an audited financial statement prepared by a CPA within 90 days of your fiscal year end. Maine also requires a minimum net worth of 25k per office location and a surety bond of 50k per office location. If applicable, the state will also require an uploaded authorization allowing examination of trust accounts for the purpose of holding funds belonging to others.

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
MaineLoan Broker License$500.00$188.00$350.00Call for More Information$1038.00
MaineSupervised Lender License$350.00$375.00$425.50Call for More Information$1150.50

License: Supervised Lender License

  • Operating Status: Lender/Broker
  • Bond Amount: $50,000
  • Net Worth: $0
  • Brick & Mortar: No
  • Financial Type: Audited

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License: Loan Broker License

  • Operating Status: Broker
  • Bond Amount: $25,000
  • Net Worth: $0
  • Brick & Mortar: No
  • Financial Type: Unaudited

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