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