Pennsylvania Mortgage Licensing
Pennsylvania has net worth requirement for the Mortgage Lender and Mortgage Servicer License of $250K, where as the Broker does not require a net worth amount to be met/maintained. While Pennsylvania doesn’t require audited financials, they are required if they are available but at minimum Certified Financials must be provided. All licenses require a named QI that must be management level and at the corporate office. Although the QI is not required to hold a PA MLO license the QI is required to complete all testing and education requirements required for a PA MLO. For this reason most QI do obtain the PA MLO license.
| State | License Name | State Fee | Bond Premium Est. | SOS Fee | MLG Processing Fee | Total |
| Pennsylvania | Mortgage Broker | $1,100 | $375 | $250 | Call for More Information | $1,725 |
| Pennsylvania | Mortgage Lender | $1,600 | $750 | $250 | Call for More Information | $2,600 |
| Pennsylvania | Mortgage Servicer License | $2,600 | $3,750 | $250 | Call for More Information | $6,600 |
License: Mortgage Broker License
- Operating Status: Broker
- Bond Amount: $50,000
- Net Worth: N/A
- Brick & Mortar: No
- Financial Type: Certified
License: Mortgage Lender License
- Operating Status: Lender/Broker
- Bond Amount: $100,000
- Net Worth: $250,000
- Brick & Mortar: No
- Financial Type: Certified
License: Mortgage Servicer License
- Operating Status: Servicer
- Bond Amount: $500,000
- Net Worth: $250,000
- Brick & Mortar: No
- Financial Type: Certified
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**Fees & terms are subject to change without notice.**