Arizona Mortgage Broker Bond
Mortgage brokers in the state of Arizona must post a surety bond as a part of licensure. The bond amount required will vary based on investor type, based on the following table.
Investor | Bond Amount Required | Annual Premium |
Institutional Only | $10,000 | $100 |
All others | $15,000 | $100 |
Bond Details
Arizona Mortgage Broker Bond – $10,000 bond – $100 per year
Overview
To obtain your Arizona mortgage broker bond, applicants must be a resident of the state. Arizona’s Department of Financial Institutions is the governing body that oversees the licenses and regulations in the state. No credit check or financials needed up to $1M in aggregate bonds.