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NMLS Required | State-Specific Amounts

Mortgage Broker Bond Calculator

Calculate Your Mortgage Broker Bond Cost by State

Mortgage brokers and lenders must carry a surety bond as part of NMLS licensing. Bond amounts range from $25,000 to $500,000 depending on your state.

Quick answer
The mortgage broker bond calculator estimates the premium by state. Mortgage brokers and lenders must carry a surety bond as part of NMLS licensing, and each state sets its own amount.
  • Who requires it: The state mortgage regulator, through the NMLS application.
  • Amount: Ranges from $25,000 to $500,000 depending on the state.
  • Typical cost (estimate): Typically 1-5% of the bond amount per year; a $100,000 bond costs $1,000-$5,000. The surety sets the final price.
  • Timing: We submit complete applications to the carrier promptly; most quotes within one business day.
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Mortgage Broker Bond Calculator

Bond Amounts by State
$25,000 - $500,000
NMLS Licensing Requirement

Mortgage Broker Bond Amounts by State

State
Bond Amount
Est. Annual Premium
Georgia
$150,000
$1,500 - $7,500
Massachusetts
$150,000
$1,500 - $7,500
New Jersey
$150,000
$1,500 - $7,500
North Carolina
$150,000
$1,500 - $7,500
Wisconsin
$120,000
$1,200 - $6,000
Connecticut
$100,000
$1,000 - $5,000
Maryland
$100,000
$1,000 - $5,000
Nevada
$100,000
$1,000 - $5,000
Tennessee
$100,000
$1,000 - $5,000
Pennsylvania
$100,000
$1,000 - $5,000
Illinois
$50,000
$500 - $2,500
Michigan
$50,000
$500 - $2,500
New York
$50,000
$500 - $2,500
Ohio
$50,000
$500 - $2,500
Texas
$50,000
$500 - $2,500
Virginia
$50,000
$500 - $2,500
Washington
$50,000
$500 - $2,500
California
$25,000
$250 - $1,250
Florida
$25,000
$250 - $1,250

Mortgage Broker Bond Calculator FAQs

How much does a mortgage broker bond cost?

Mortgage broker bond costs vary by state, with bond amounts ranging from $25,000 to $500,000. Annual premiums are typically 1-5% of the required bond amount. For example, a $100,000 mortgage broker bond costs $1,000-$5,000 per year depending on your credit score and financial history. Use our calculator above to get a quick estimate for your state.

What states require a mortgage broker bond?

Most states require a surety bond for mortgage brokers and lenders as part of NMLS licensing. Bond amounts vary significantly by state, from $25,000 in California and Florida to $150,000 or more in states like Georgia, Massachusetts, New Jersey, and North Carolina. Check the state comparison table above for specific amounts.

Is the mortgage broker bond the same as an NMLS bond?

Yes, the mortgage broker bond is commonly called an NMLS bond because it is required as part of the Nationwide Multistate Licensing System (NMLS) application. Each state sets its own bond amount and requirements through the NMLS platform. The bond protects consumers by guaranteeing the mortgage broker will follow state laws and regulations.

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