South Carolina

The most important thing about South Carolina is, for their mortgage lender/servicer license, you must submit your business plan to the state so they can determine which license you are able to apply for before the application process can begin. Additionally, after you receive permission from the state, you will have to submit your surety bond to the state so they can let you know if it’s acceptable to submit. South Carolina’s mortgage broker license has a brick and mortar requirement. The broker license prohibits you from using more than one trade name, whereas the lender/servicer license lets you have up to six trade names. With both licenses, for each additional trade name, an additional license must be applied for. The QI for both licenses must hold a South Carolina MLO license.

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
South CarolinaMortgage Broker License$850.00$188.00$310.50Call for More Information$1348.50
South CarolinaMortgage Lender/Servicer License$1100.00$375.00$310.50Call for More Information$1785.50
South CarolinaNo License/No COA$0.00$0.00$0.00Call for More Information$0.00

License: Mortgage Lender/Servicer License

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

Sample our License Ready program through our interactive United States Map!

License: Mortgage Broker License

  • Operating Status: Broker
  • Bond Amount: $25,000
  • Net Worth: $0
  • Brick & Mortar: Yes
  • Audited Financials: No

Run our License Calculator to estimate licensing costs with all 50 states!