Massachusetts Mortgage Licensing Requirements
License Type: Massachusetts Mortgage Broker License
Physical Branch requirement
Not Required
Qualifying Individual Required
Yes
Minimum Company Net Worth
$25,000 Required
Company Financial Statements
CPA reviewed
Surety Bond Requirement
$75,000
Average Timeframe
60 Days
License Type: Massachusetts Mortgage Lender
Physical Branch requirement
Not Required
Qualifying Individual Required
Yes
Minimum Company Net Worth
$200,000
Company Financial Statements
CPA Audited Financials
Surety Bond Requirement
$100,000
Average Timeframe
60 Days