Requirements to Qualify

[bad2thebond]

To qualify for a mortgage broker bond, I know that the sureties have similiar qualification requirements. However, Do states have different qualifications as well?

[lifeisgood]

The states that require a mortgage broker bond are basically the same - you need to have a surety bond in order to get your license. Standard market suretys will require a favorable credit score, personal financial statement and some even require the applicant to have been in business for at least 3 years.

[Surety Wizard]

Some states have different educational requirements, net worth requirements, age requirements, or residency requirements. We have a guide available on our web site just follow this link:

How To Become A Mortgage Broker - JW Surety Bonds

Please keep in mind that this would only be a guideline and we suggest you confirm the requirements with the individual state you wish to apply with.