Michigan 2nd Mortgage Broker/Lender Bond
Mortgage professionals involved in second mortgages or other junior liens must hold a surety bond as part of their licensure. Michigan’s Department of Insurance and Financial Services (DIFS) requires this bond for brokers and lenders that make or offer subordinate lien mortgage loans on residential property of up to four units, including land contracts.
Cost of a Michigan 2nd Mortgage Broker and Lender Bond
| Bond Amount Required | Annual Premium |
| $25,000 | $150 |
Secure Your Michigan Second Mortgage Broker and Lender Bond
Getting your bond through NNA Surety is quick and hassle-free. No credit check or financial documents are required. Complete our form, provide your business and personal details, and submit payment. Your Michigan broker/lender bond will be issued immediately. For questions, call 855-575-1063 or send us an email.
The Simple Bonding Process
View your price or request a free quote
Discover unbeatable value with coverage options tailored to your needs.
Sign your contract and pay the premium
Seal the deal and ensure protection and peace of mind for your business.
Receive your surety or fidelity bond
Expect a speedy turnaround. Our typical turnaround time is 24 hours or less.
Have Questions? Call or Chat With Us Today