West Virginia Mortgage Licensing

West Virginia is one of the few states that requires a separate license for brokering and lending activity, therefore you will be required to hold both licenses if conducting both activities. A net worth requirement is in place for each license. The broker license minimum net worth is $10k , while the lender is much higher at $250k. West Virginia also requires state specific fingerprint cards which can be requested from the state itself. West Virginia requires an onsite QI at the corporate office as well as a licensed WV MLO at each licensed location. While the QI can be a branch manager, their business address must match the main address on the MU1.

StateLicense NameState FeeBond Premium Est.
SOS FeeMLG Processing FeeTotal
West VirginiaMortgage Broker$450$375$150Call for More Information$975
West VirginiaMortgage Lender$1,350$750$150Call for More Information$2,250

License: Mortgage Broker License

  • Operating Status: Broker
  • Bond Amount: $50,000
  • Net Worth: $10,000
  • Brick & Mortar: No
  • Financial Type: Unaudited

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

License: Mortgage Lender License

  • Operating Status: Lender
  • Bond Amount: $100,000
  • Net Worth: $250,000
  • 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.**