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Thread: Home Ownership

  1. Bond Artist
    Bond Artist is offline Member
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    Jul 2007
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    30

    Home Ownership

    Do I need to own a home in order to obtain a surety bond?
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  2. Bond Guy
    Bond Guy is offline Senior Member
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    Oct 2007
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    No. You do not need to own a home in order to obtain a Surety Bond. We have a couple of programs that will qualify you based solely on your personal credit. When you get into larger License Bonds home ownership may play more of a role.
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  3. Surety Queen
    Surety Queen is offline Surety Professional
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    Commercial Bond

    Quote Originally Posted by Bond Guy
    No. You do not need to own a home in order to obtain a Surety Bond. We have a couple of programs that will qualify you based solely on your personal credit. When you get into larger License Bonds home ownership may play more of a role.
    Personal credit is the first items Surety looks at in quoting a bond. That being said, some types of bonds can be written under very preferred programs if not only the personal credit is good but if the Principal owns a home.
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