Pennsylvania Mortgage Originator Bond (Individual)
Flat Rates & No Credit Check
| Annual PA Originator Volume | Bond Amount Required | Bond Term | Annual Premium |
| $0-$7,499,999 | $25,000 | 1 Year | $150 |
| $7,500,000-$14,999,999 | $50,000 | 1 Year | $300 |
| $15,000,000-$29,999,999 | $75,000 | 1 Year | $450 |
| $30,000,000-$49,999,999 | $100,000 | 1 Year | $600 |
| Exceeds $50,000,000 | $150,000 | 1 Year | $900 |
Pennsylvania mortgage brokers are required to obtain a bond for $25,000 to $150,000 by the Pennsylvania Department of Banking and Securities. Mortgage brokers need good credit and financial standing to qualify for the bond, which is issued for one year and requires renewal.
Cost of the Pennsylvania Mortgage Originator Bond
The cost of the $25,000 to $150,000 Pennsylvania mortgage originator bond is $150 to $900 per bond term with NNA Surety. Secure this surety bond today.
The NNA has secured a $6 premium rate per $1,000 in liability for all Pennsylvania mortgage originators without a credit check.
How the Pennsylvania Mortgage Originator Bond Works
The Pennsylvania mortgage originator bond protects consumers by holding individually bonded mortgage originators financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Mortgage originator
- Obligee: Commonwealth of Pennsylvania
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Pennsylvania mortgage originator requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Pennsylvania Mortgage Originator Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the applicable $150 to $900 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Pennsylvania mortgage originator license.
Learn more about your Pennsylvania surety bond options across the state.
Get Your Pennsylvania Mortgage Originator Bond
Stay compliant with Pennsylvania licensing requirements by securing your individual mortgage originator bond today. Complete this form or call 855-457-2196 to get bonded.