Pennsylvania mortgage licensing

Mortgage Broker Licensing

License:  Pennsylvania Mortgage Broker License

Physical Office Required:  No
Qualifying Individual Required: Yes, must have the education and testing requirements of a PA MLO and be an officer in the company
Minimum Net Worth:  None
Financial Statements:  Unaudited (certified by officer)
Surety Bond Amount:  $50,000- $150,000
Company License Fee:  $1,100 


Mortgage Lender Licensing

License:  Pennsylvania Mortgage Lender License

Physical Office Required:  No
Qualifying Individual Required:  Yes, must have the education and testing requirements of a PA MLO and be an officer in the company
Minimum Net Worth:  $250,000
Financial Statements:  Unaudited (certified by officer)
Surety Bond Amount:  $100,000 – $500,000
Company License Fee:  $1,600


Regulated by:

The Pennsylvania Department of Banking and Securities
Non-Depository Licensing Office
17 N 2nd Street, Ste 1300
Harrisburg, PA 17101-2290
Phone: (717) 787-3717
E-mail: ra-asklicensing@pa.gov

 

 

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