Michigan Mortgage Licensing
Mortgage Broker Licensing
License: Michigan First Mortgage Broker License
Physical Office Required: No
Qualifying Individual Required: Yes
Minimum Net Worth: $25,000
Financial Statements: Unaudited
Surety Bond Amount: $25,000 only if accepting funds prior to closing
Company License Fee: $1,050
Mortgage Lender Licensing
License: Michigan 1st Broker or Lender License
Physical Office Required: No
Qualifying Individual Required: Yes
Minimum Net Worth: $25,000
Financial Statements: Unaudited
Surety Bond Amount: $25,000
Company License Fee: $1,300
Regulated by:
Department of Insurance and Financial Services
611 West Ottawa Street, 3rd Floor
P.O. Box 30220
Lansing, Michigan 48933
Phone: 517-373-0220
Fax: 517-335-4978