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    What type of licensing do you need help with?*

    Virginia State Licenses and Regulator Costs

    Need a license?(312) 588-6800 State Mortgage Licensing Experts
      Broker License (Company)
    • NMLS Cost: $600
    • Additional Costs: $15 per credit report, $25 for VA-state criminal background check per person
    • Personal Financial Statements: sole proprietor, directors, LLC members, senior officers, 10% or greater owners
    • References: three (3) business references and one (1) bank reference are required
    • Surety Bond Requirement: $25,000
      Lender License (Company)
    • NMLS Cost: $600
    • Additional Costs: $15 per credit report, $25 for VA-state criminal background check per person
    • Personal Financial Statements: sole proprietor, directors, LLC members, senior officers, 10% or greater owners
    • References: three (3) business references and one (1) bank reference are required
    • Minimum Net Worth: $200,000 in funds available for operation of the business
    • Surety Bond Requirement: $50,000
      Branch License (Branch)
    • NMLS Cost: $170
    • Additional Costs: none
    • Branch manager: must hold Virginia MLO license
      Mortgage Loan Originator (Individual)
    • NMLS Cost: $180
    • Additional Costs: $15.00 per credit report, $36.25 per criminal background check
    • Surety Bond: individual surety bond required if not employed by or exclusive agent of licensed company