License: New Jersey Residential Mortgage Broker License

Physical Office Required:  No
Qualifying Individual Required: Yes, must be an officer of the company and licensed as a NJ MLO
Minimum Net Worth:  $50,000
Financial Statements:  CPA Audited (applicant or parent company)
Surety Bond Amount:  $150,000

License Cost Breakdown – Estimated fees not including Guide
Mortgage Licensing Service Fee:
$125 – Foreign Entity Fee
$169 – Registered Agent Fee
$1,500 – Surety Bond Fee
$1,300 – Company License Fee
$50 – NJ Fingerprinting per Owner/Officer
$530 – Qualified Individual License Fee
$79 – 4 hour State-Specific Education Course for Qualified Individual