Virginia Mortgage Licensing Requirements
License Type: Virginia Mortgage Broker License
Physical Branch requirement
Not Required
Qualifying Individual Required
Not Required
Minimum Company Net Worth
$10,000
Company Financial Statements
P & L and Balance Sheet
Surety Bond Requirement
$25,000
Average Timeframe
60 Days
License Type: Virginia Mortgage Lender License
Physical Branch requirement
Not Required
Qualifying Individual Required
Not Required
Minimum Company Net Worth
$200,000
Company Financial Statements
P & L and Balance Sheet
Surety Bond Requirement
$50,000
Average Timeframe
60 Days - 90 Days