West Virginia Mortgage License

West Virginia mortgage license requires a net worth for both of their broker and lender licenses. The net worth for the broker is 10k, while the net worth requirement for the lender is 250k. West Virginia also requires state specific fingerprint cards which can be requested from the state itself. West Virginia requires a licensed MLO. An onsite QI is also required. While they can be a branch manager, their business address must match the main address on the MU1.

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
West VirginiaMortgage Broker$450.00$375.00$275.50Call for More Information$1100.50
West VirginiaMortgage Lender$1350.00$750.00$275.50Call for More Information$2375.50
West VirginiaDebt Collection License$30.00$75.00$332.00Call for More Information$437.00

License: Mortgage Lender License

  • Operating Status: Broker/Lender
  • Bond Amount: $100,000
  • Net Worth: $250,000
  • Brick & Mortar: No
  • Audited Financials: No

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License: Mortgage Broker License

  • Operating Status: Broker
  • Bond Amount: $50,000
  • Net Worth: $10,000
  • Brick & Mortar: No
  • Audited Financials: No

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