Mortgage Broker Licensing

License:  Virginia Mortgage Broker License

Physical Office Required:  No
Qualifying Individual Required: No
Minimum Net Worth:  None
Financial Statements:  Unaudited
Surety Bond Amount:  $25,000
Company License Fee:  $600

Mortgage Lender Licensing

License:  Virginia Mortgage Lender License

Physical Office Required:  No
Qualifying Individual Required:  No
Minimum Net Worth:  $200,000 in funds available for the operation of business
Financial Statements:  Unaudited
Surety Bond Amount:  $50,000
Company License Fee:  $600

Regulated by:

Bureau of Financial Institutions
Administration and Licensing Section
PO Box 640
Richmond, VA 23218-0640
Phone: (804) 371-9690
E-mail: mortgagelicensing@scc.virginia.gov