Virginia mortgage lender bonds.
From $300.
A company that makes residential mortgage loans in Virginia licenses as a mortgage lender with the State Corporation Commission. Va. Code § 6.2-1604 requires a surety bond with the application, at least $50,000 and rising with last year's origination volume. Our premium is 0.6% of the bond amount, $300 at the $50,000 minimum.
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How much does a Virginia mortgage lender bond cost?
0.6% of the bond amount, from $300 at the $50,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The lender bond is an amount-based filing, not an underwriting queue. Here is the whole thing:
Apply online
Company details, the penal sum from your NMLS record, an effective date, and a term. No credit check up to $150,000.
Pay & e-sign
Pricing is 0.6% of the bond amount ($300 at the $50,000 minimum), so the bond issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Upload the executed bond to your NMLS company record for the Bureau of Financial Institutions. Wet-ink originals mailed on request.
What it is and who needs it.
What the bond actually guarantees
A mortgage lender under Chapter 16 of Title 6.2 is a person who makes mortgage loans on Virginia residential property. The license runs through the Bureau of Financial Institutions, and § 6.2-1604 requires the application to be accompanied by a bond with corporate surety authorized to execute it in the Commonwealth, in the sum of $25,000 or such greater sum as the Commissioner may require, continuously maintained thereafter in full force.
For lender authority the Commission's rule, 10VAC5-160-15, sets the floor at $50,000 — the same floor that applies to a company holding dual lender and broker authority. The amount is then adjusted annually on a scale keyed to the residential mortgage loans originated in the preceding calendar year: $75,000 above $20 million, $100,000 above $50 million, and $150,000 above $100 million.
The bond is conditioned on performing your written agreements with borrowers and prospective borrowers, accounting correctly for all funds received in the licensed business, and conducting that business in conformity with the chapter and all applicable law. It is not insurance for you — if the surety pays a claim, you repay the surety. We track your term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File through NMLS. Upload the executed bond to your NMLS company record for the Bureau of Financial Institutions. Wet-ink originals mailed on request.
What sets the price
The premium is 0.6% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $150,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — company details, the penal sum, an effective date, and a term. That is the application.
Start the application →Common questions.
Virginia mortgage license bonds.
We write 7 mortgage license bonds in Virginia. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Mortgage Broker and Lender Bond (NMLS) | Va. Code § 6.2-1604 · 10VAC5-160-15 | $50,000 or more | From $300 |
| Mortgage Broker Bond (NMLS) | Va. Code § 6.2-1604 · 10VAC5-160-15 | $25,000 or more | From $150 |
| Mortgage Lender Bond (NMLS) (this page) | Va. Code § 6.2-1604 · 10VAC5-160-15 | $50,000 or more | From $300 |
| Mortgage Loan Originator Bond | Va. Code § 6.2-1703 · 10VAC5-161 | $25,000 or more | From $150 |
| Qualified Education Loan Servicer — Federal Contractor Bond ($50,000) | Va. Code § 6.2-2602 · § 6.2-2604 | $50,000 | $300 |
| Qualified Education Loan Servicer Bond ($50,000) | Va. Code § 6.2-2604 | $50,000 | $300 |
| Virginia Exempt Company Registration Bond | Va. Code § 6.2-1703 • 10VAC5-161-50 • SCC form CCB-8813 | $25,000 to $150,000 | From $150 |
Other Virginia bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Get your mortgage lender bond on file today.
0.6% of the bond amount — $300 at the $50,000 minimum, issued the moment you pay. No credit check up to $150,000.