Virginia Mortgage Broker and Lender Bond (Dual License)

Bond Details

VA Mortgage Broker and Lender Bond (Dual License) – $50,000 bond – $300 per year

Overview

Virginia mortgage brokers and lenders can obtain a combined bond to meet their licensing requirements. These bond amounts range between $50,000 to $150,000, depending on the loan volume funded in the preceding calendar year.

The NNA has secured premiums of $6 per $1,000 in liability for all Virginia mortgage brokers to obtain this bond without a credit check.