FL Correspondent Mortgage Lender Bond
We write $10,000 Correspondent Mortgage Lender Bonds in Florida.
Our GOOD CREDIT price Varies.
Florida Correspondent Mortgage Lender Surety Bonds are required by the State of Florida. The required bond amount is $10,000.
Every person acting as a mortgage lender under this bond must be licensed by the State of Florida.
In accordance to Florida Statutes S.S. 494.001-494.007 applicants must have proof of having completed at least 24 hours of classroom instruction or have served under a principal representative for at least 1 year.
Follow this link if you would like to visit the State of Florida page for the Florida Correspondent Mortgage Lender Bond requirement.
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
Additional information about this corporate surety bond requirement is as follows:
Obligee - State of Florida
Bond Amount - $10,000
Bond Premium - Varies
Renewal Document - None.