Virginia Mortgage Licensing

Virginia offers two different licensing options available, a Broker license and a Lender License that also covers servicing activity. If you will be conducting brokering and lending activity you will need to hold both licenses. Surety bond in the amount of $50K will cover both the Broker and Lender license if you are obtaining dual authority. Requirement of 3 business reference letters as well as a completed Bank Reference form will be needed. All owners/officers will be required to complete a Criminal Background Check and provide personal financial statements regardless if they are direct or indirect owners.

StateLicense NameState FeeBond Premium Est.
SOS FeeMLG Processing FeeTotal
VirginiaBroker License$600$188$100Call for More Information$888
VirginiaLender License$600$375$100Call for More Information$1,075

License: Mortgage Broker License

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

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License: Mortgage Lender License

  • Operating Status: Lender/Servicer
  • Bond Amount: $50,000
  • Net Worth: $200,000 Liquid at all times
  • Brick & Mortar: No
  • Financial Type:  Unaudited

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

For more information or to speak to a representative for your state
call us today at 866-576-7726

**Fees & terms are subject to change without notice.**