Surety Bond Requirements by State

Here are the surety bond requirements by state. Some states vary based on lender or broker status and some states vary based on HUD Approval, net worth, or loan volume.

Alabama Broker and Consumer Credit (Lender) – $25,000 to $75,000

AmountActual Amount of AL Mortgage Loan Originations
$25,000$25,000,000 or less
$50,000$35,000,001 – $100,000,000
$75,000Over $100,000,000


Alaska – $75,000
Arizona Mortgage Broker – $10,000 if investors are solely limited to institutional investors and $15,000 if investors include non-institutional investors
Arizona Mortgage Banker – $25,000 if investors are solely limited to institutional investors and up to $100,000 if investors include non-institutional investors
Arkansas Broker, Banker, and/or Servicer – $100,000
California Residential Mortgage Lender – $50,000
California Finance Lender – $25,000
California Department of Real Estate – None
Colorado Mortgage Broker – $25,000
Colorado Supervised Lender – $25,000
Connecticut Mortgage Broker – $50,000 to $150,000
Connecticut Mortgage Lender or Correspondent Lender – $100,000 to $500,000
Delaware Mortgage Loan Broker – $25,000
Delaware Licensed Lender –

Annual Volume of Delaware Loans
Minimum Required Amount of
Surety Bond
not more than $23,000,000
$50,000
$23,000,001 – $35,000,000
$75,000
$35,000,001 – $47,000,000
$100,000
$47,000,001 – $59,000,000
$125,000
$59,000,001 – $71,000,000
$150,000
$71,000,001 – $83,000,000
$175,000
$83,000,001 and over
$200,000

Florida Mortgage Broker, Lender and Lender Servicer – None
Georgia Mortgage Broker – $50,000
Georgia Mortgage Lender – $150,000
Hawaii Mortgage Broker – None
Idaho Mortgage Banker/Broker – None (Eliminated in August 2009)

Illinois Mortgage Brokers/Bankers/Servicers –
$0 – $5,000,000: $25,000
$5,000,001 – $20,000,000: $50,000
$20,000,001 – $50,000,000: $75,000
$50,000,001 – $100,000,000: $100,000
Over $100,000,000: $150,000

Indiana Loan Broker – $50,000
Indiana HUD Exemption – None
Indiana 2nd Loan License – None
Iowa – $100,000
Kansas Mortgage Company – $50,000 or $100,000 if no branch in Kansas ($75,000 to $125,000 respectively if more than $50,000,000 in Kansas loan volume in the preceding year)
Kansas Supervised Loan – $250,000
Kentucky Mortgage Loan Company – $250,000
Kentucky Mortgage Loan Broker – $50,000
Louisiana Mortgage Lender/Broker – $25,000 if origination volume under $1 Billion or $50,000 if origination volume over $1 Billion
Maine Supervised Lender – $50,000
Maine Loan Broker License – $25,000
Maryland –

Surety Bond Structure for Mortgage Lenders

Loan activity LevelBond Amount
$3 million or less$ 50,000.00
Over $3 million to $10 million$ 100,000.00
Over $10 million$ 150,000.00
Five or more applications at the same time$750,000.00

Massachusetts Mortgage Lender – $100,000
Massachusetts Mortgage Broker – $75,000
Michigan First Mortgage Broker/Lender – $25,000
Michigan Second Mortgage Broker/Lender – $25,000
Minnesota – $100,000 (if acting as servicer only with Fannie Mae or Freddie Mac Approval, you are exempt from the surety bond requirement) Mississippi Mortgage Lender – $150,000
Mississippi Mortgage Broker – $25,000
Missouri Mortgage Broker – $20,000
Missouri HUD Exemption – None
Montana Mortgage Broker License – $25,000 + $25,000 per branch
Montana Mortgage Lender License – $50,000
Nebraska – $100,000
Nevada – $50,000 to $75,000 if loan volume over $20,000,000
New Hampshire Mortgage Banker – $20,000 or $100,000 if net worth below $100,000
New Hampshire Mortgage Broker – None
New Jersey Mortgage Banker/Correspondent Banker/Broker – $150,000
New Mexico – $50,000
New York Mortgage Banker – Not Available
New York Mortgage Broker – $10,000
North Carolina Mortgage Banker – $150,000
North Carolina Mortgage Broker – $50,000
North Dakota – $25,000
Ohio – 0.5% of Nationwide Loan Volume for previous calendar year up to $150,000 maximum and down to $50,000 minimum
Oklahoma Mortgage Broker – None
Oklahoma Supervised Lender – $5,000
Oklahoma HUD Exemption – None
Oregon –
Less than $10,000,000: $50,000 Bond
$10,000,001 to $25,000,000: $75,000 Bond
$25,000,001 to $50,000,000: $100,000 Bond
$50,000,001 to $100,000,000: $150,000 Bond
$100,000,001+: $200,000 Bond

Pennsylvania Broker – $50,000 to $150,000 (additional $100,000 if receiving trust funds)

AmountActual Amount of PA Mortgage Loan Originations
$50,000$14,999,999.99 or less
$75,000$15,000,000 – $29,999,999.99
$100,000$30,000,000 – $49,999,999.99
$150,000$50,000,000 or more


Pennsylvania Lender – $100,000 to $500,000 (additional $100,000 if receiving trust funds)

AmountActual Amount of PA Mortgage Loan Originations
$100,000$29,999,999.99 or less
$200,000$30,000,000 – $99,999,999.99
$300,000$100,000,000 – $249,999,999.99
$500,000$250,000,000 or more


Rhode Island Lender – $50,000 + $5,000 for each branch
Rhode Island Loan Broker – $20,000 + $5,000 for each branch
South Carolina Mortgage Broker – $25,000
South Dakota – $25,000
Tennessee Mortgage Lender – $200,000
Tennessee Mortgage Broker – $90,000
Texas Mortgage Broker – $50,000
Texas Mortgage Banker – None
Texas Regulated Lender – None
Utah – None
Vermont Licensed Lender – $50,000 + $50,000 per branch
Vermont Mortgage Broker – $25,000 + $25,000 per branch
Virginia Mortgage Lender – $50,000
Virginia Mortgage Broker – $25,000
Washington Mortgage Broker –

Monthly Average number of Loan Originators Minimum Surety Amount
3 or fewer$20,000.00
greater than 3 to 6$30,000.00
greater than 6 to 9$40,000.00
greater than 9 to 15$50,000.00
greater than 15$60,000.00


Washington Consumer Loan –

Loan Volume in MillionsBond Amount
$0-$20$30,000
$20-$40$50,000
$40-50$100,000
$50+$150,000


Washington, D.C. –
Total volume of loans was $1,000,000 or less – the required bond amount is $12,500 Total volume was more than $1,000,000 but not more than $2,000,000 – the required bond amount is $17,500 Total volume was more than $2,000,000 but not more than $3,000,000 – the required bond amount is $25,000 Total volume was more than $3,000,000 the required bond amount is $50,000
West Virginia Lender – $100,000 for licensees with West Virginia annual loan originations of $0 to $3 million, $150,000 for West Virginia annual loan originations greater than $3 million and up to $10 million, and $250,000 for West Virginia annual loan originations over $10 million
West Virginia Broker – $50,000 or $100,000 if engaged in tablefunding
Wisconsin – Minimum $300,000 for Bankers and $120,000 for Brokers (increased by $10,000 for each licensed branch location when the number of branch locations exceeds five)
Wyoming – $25,000 plus $10,000 for each additional licensed location