Posts Tagged ‘mortgage surety bond’

Mortgage Surety bond

Friday, April 2nd, 2010

Mortgage Surety bonds are not the same as a Mortgage bond you would purchase as a investment. A Mortgage Surety bond is required by the majority of states in order to obtain a mortgage License and transact loans. Typically the average bond amount is set at $25,000. Always check with the state to obtain the current bond form as well as the amount needed.