Michigan mortgage licensing

Mortgage Broker Licensing

License:  Michigan First Mortgage Broker License

Physical Office Required:  No
Qualifying Individual Required: Yes
Minimum Net Worth:  $25,000
Financial Statements:  Unaudited
Surety Bond Amount:  $25,000 only if accepting funds prior to closing
Company License Fee:  $1,050


Mortgage Lender Licensing

License:  Michigan 1st Broker or Lender License

Physical Office Required:  No
Qualifying Individual Required:  Yes
Minimum Net Worth:  $25,000
Financial Statements:  Unaudited
Surety Bond Amount:  $25,000
Company License Fee:  $1,300


Regulated by:

Department of Insurance and Financial Services
611 West Ottawa Street, 3rd Floor
P.O. Box 30220
Lansing, Michigan 48933
Phone: 517-373-0220
Fax: 517-335-4978

 

Click on a state below for specific licensing information

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