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Georgia Mortgage Broker or Lender Bond

How much does a mortgage broker or mortgage lender bond cost in Georgia?

The Georgia Department Banking and Finance requires mortgage brokers to submit $150,000 surety bonds and mortgage lenders to submit $250,000 surety bonds as part of the licensing process.

The price you’ll pay for your Georgia surety bond is subject to underwriting and ultimately based on a review of your personal credit report and your required bond amount. Apply for your free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Mortgage Broker Bond $150,000 Starts at 1% 4-8% 10%+ Apply Now
Mortgage Lender Bond $250,000 Starts at 1% 4-8% 10%+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

We can typically provide your free bond quote within 1 business day of submitting your application! Call 1 (800) 308-4358 or click here to get started.

Why do I need this bond?

By purchasing a Georgia mortgage broker or mortgage lender bond, brokers and lenders pledge to conduct business in compliance with the provisions of the Georgia Residential Mortgage Act and all other pertaining rules and regulations.

If the principal fails to conduct business ethically and lawfully, the bond ensures that the principal pays all sums of money as necessary to the state or any person suffering loss due to noncompliance by the principal.

The surety will initially cover any damages up to the full bond amount, and the principal must reimburse the surety for any damages paid out.

Purchase the Georgia surety bond you need quickly and easily when you choose SuretyBonds.com!

What’s the fine print?

Mortgage broker and mortgage lender bonds in Georgia become effective as of the date listed on the bond, and must be renewed each year for as long as the broker or lender wishes to remain licensed in Georgia.

The surety can cancel the bond by giving written notice of cancellation via registered or certified mail to the Department of Banking and Finance. Cancellation becomes effective no less than 30 days after the department receives the notice.

Ready to get started?

Get a FREE Mortgage Broker or Lender Bond Quote Today!

Additional Resources

Department of Banking and Finance

NMLS: Georgia State Licenses

Mortgage Broker and Lender Forms and Applications

Mortgage Laws and Rules

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