Virginia mortgage loan originator bonds.
From $150.
Virginia licenses individual mortgage loan originators, and Va. Code § 6.2-1703 requires a surety bond with the license application: $25,000, or such greater sum as the Commission may require, stepping up with the prior year’s loan volume. Our premium is 0.6% of the bond amount, $150 at the $25,000 minimum.
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How much does a Virginia mortgage loan originator bond cost?
0.6% of the bond amount, from $150 at the $25,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The originator bond is priced off the penal sum, not a financial review. Here is the whole thing:
Apply online
Your details, the penal sum from your NMLS record, an effective date, and a term. No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
Pay & e-sign
Pricing is 0.6% of the bond amount ($150 at the $25,000 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 individual 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
Chapter 17 of Title 6.2 — the Mortgage Loan Originators chapter — licenses the individuals who take residential mortgage loan applications or offer loan terms for compensation. Under § 6.2-1703, the license application must be accompanied by a bond with corporate surety authorized to execute it in the Commonwealth, in the amount of $25,000 or such greater sum as the Commission may require, continuously maintained in full force.
The Commission's rule at 10VAC5-161 adjusts the amount annually on the same volume scale used for mortgage companies: $25,000 through $5 million of originations, $50,000 through $20 million, $75,000 through $50 million, $100,000 through $100 million, and $150,000 above that. If you originate as an employee or exclusive agent of a licensed or exempt company, that company files the bond — or documentation that you are covered by a bond it already filed.
The bond is conditioned on performing your written agreements with borrowers and prospective borrowers, accounting correctly for all funds received in the course of your business activities, and conducting yourself in conformity with the chapter and all applicable laws and regulations. It is not insurance for you — if the surety pays a claim, you repay the surety.
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 individual 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 $250,000. 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 — your 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) | Va. Code § 6.2-1604 · 10VAC5-160-15 | $50,000 or more | From $300 |
| Mortgage Loan Originator Bond (this page) | 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 originator bond on file today.
0.6% of the bond amount — $150 at the $25,000 minimum, issued the moment you pay. No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.