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Connecticut Mortgage Correspondent Lender

Mortgage correspondent lenders in Connecticut must post a surety bond between $100k and $500k, depending on the volume of loans originated in the previous year.

Dollar Amount of Origination Value Bond Amount Required Bond Term Annual Premium
$0-$30,000,000 $100,000 1 Year $600
$30,000,000-$100,000,000 $200,000 1 Year $1,200
$100,000,000-$250,000,000 $300,000 1 Year $1,800
Exceeds $250,000,000 $500,000 1 Year $3,000