New Jersey Mortgage Licensing Requirements
License Type: New Jersey Residential Mortgage Broker License
Physical Office
Not Required
Qualifying Individual
Yes
Minimum Net Worth
$50,000
Financial Statements
CPA Audited Financials
Surety Bond
$150,000
Average Timeframe
60 Days
License Type: New Jersey Residential Mortgage Lender License
Physical Office
Not Required
Qualifying Individual
Yes
Minimum Net Worth
$250,000
Financial Statements
CPA Audited Financials
Surety Bond
$150,000
Average Timeframe
60 Days