VA mortgage lender bonds.
0.6% of the bond amount — $300 at the $50,000 minimum.
A company that makes residential mortgage loans in Virginia licenses as a mortgage lender with the State Corporation Commission's Bureau of Financial Institutions. Va. Code § 6.2-1604 requires a surety bond with the application, continuously maintained in full force, and 10VAC5-160-15 sets the lender floor at $50,000 — rising with last year's origination volume. Our premium is 0.6% of the bond amount — $300 at the $50,000 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
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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. Any credit screen is a soft pull that never shows as a hard inquiry.
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
One application, issued instantly.
These are the actual issuing fields — company details, the penal sum, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Virginia mortgage bonds.
Not sure this is the one your license calls for? These are the other mortgage bonds we write in Virginia. Each has its own statute and bond amount.
- Mortgage Broker Bond (NMLS)The broker-authority bond a Virginia mortgage company files under Va. Code § 6.2-1604 — $25,000 minimum penal sum. 0.6% of the bond amount — $150 at the $25,000 minimum.
- Mortgage Loan Originator BondThe individual originator bond required under Va. Code § 6.2-1703 for a Virginia MLO license — $25,000 minimum, scaling with origination volume. 0.6% of the bond amount — $150 at the $25,000 minimum.
- Mortgage Broker and Lender Bond (NMLS)The dual-authority bond a Virginia mortgage company files with the State Corporation Commission under Va. Code § 6.2-1604 — $50,000 minimum penal sum. 0.6% of the bond amount — $300 at the $50,000 minimum.
- Qualified Education Loan Servicer Bond ($50,000)The $50,000 bond a Virginia qualified education loan servicer files under Va. Code § 6.2-2604 to license through NMLS. $300 flat.
- Qualified Education Loan Servicer — Federal Contractor Bond ($50,000)The $50,000 bond a federal student loan servicing contractor files under Va. Code § 6.2-2604 for its automatic Virginia license. $300 flat.
Other Virginia bonds.
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. Soft pull only.