West Virginia Mortgage Licensing
Mortgage Broker Licensing
License: West Virginia Mortgage Broker License
Physical Office Required: No
Qualifying Individual Required: Yes, one person must be licensed
Minimum Net Worth: $10,000
Financial Statements: Unaudited
Surety Bond Amount: $50,000-$150,000
Company License Fee: $450
Mortgage Lender Licensing
License: West Virginia Mortgage Lender License
Physical Office Required: No
Qualifying Individual Required: No
Minimum Net Worth: $250,000
Financial Statements: Unaudited
Surety Bond Amount: $100,000
Company License Fee: $1,350
Regulated by:
West Virginia Division of Financial Institutions
900 Pennsylvania Ave., Suite 306
Charleston, WV 25302-3542
Phone: 304-558-2294
Fax: 304-558-0442