South Carolina Mortgage Licensing Requirements
License Type: South Carolina DCA Mortgage Broker License
Physical Office
Not Required
Qualifying Individual
Yes
Minimum Net Worth
No Requirement
Financial Statements
P & L and Balance Sheet
Surety Bond
$25,000
Average Timeframe
45 Days
License Type: South Carolina BFI Mortgage Lender/Servicer License
Physical Office
Not Required
Qualifying Individual
Yes
Minimum Net Worth
No Requirement
Financial Statements
P & L and Balance Sheet
Surety Bond
$50,000
Average Timeframe
45 Days - 60 Days