Virginia Mortgage Licensing
 
Mortgage Banker
Mortgage Lender License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $200,000
Surety Bond: $50,000
State Initial Fee: $1,000
State Renewal Fee:
Branch Licensing:
Loan Officer Licensing:
Experience/Education:
Comments: For the lender license, you will need to show $200,000 of cash in the bank or line of credit from a bank.

Mortgage Broker
Mortgage Broker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $ None
Surety Bond: $25,000
State Initial Fee: $500
State Renewal Fee:
Branch Licensing:
Loan Officer Licensing:
Experience/Education:
 
Bureau of Financial Institutions
1300 E. Main Street, Suite 800
P.O. Box 640
Richmond, Virginia 23218-0640
Telephone: (804) 371-9657
Fax: (804) 371-9416
http://www.state.va.us/scc/division/banking/index.htm
 
CALL (714) 656-3960 or eMail Us Today! ssheasby@integritymortgagelicensing.com