Florida Mortgage Broker Bonds

License Overview

The Florida Mortgage Brokers and Lenders are regulated by the Florida Department of Banking and Finance. The current regulations for these businesses has been in effect since July of 1992 with a recent 2007 addition of a Mandated Florida Hurricane Assessment on all Brokers and Lenders collected through their Surety Bond Premium.

Florida has experienced tremendous growth in the past few years in reference to Mortgage Brokers/Lenders operating within the state. In June of 2002 it was estimated that there were about 30,000 Mortgage Brokers licensed in the state. It is estimated that there are over 60,000 Licensed Mortgage brokers within the state today. Once licensed the Mortgage Broker/Lender is subject to a $10,000 Surety Bond and may write both First and Second Mortgages.

Bad Credit Florida Mortgage Broker Bonds

Any applicant with less than perfect credit is encouraged to apply with JW Bond Consultants, Inc. We have a special program that is tailored to meet the needs of applicants that are considered higher risk.

Florida License Requirements

Age: 18

State Residency: Required

Experience: None

Education: 24 hours classroom instruction at an accredited institution and examination

Continuing Education: 14 hours in 2 years

Net Worth: None

Surety Bond: $10,000

Free Surety Bond Quote

Background Check: Credit and criminal background.

Managing Principle: No rules

Florida State Licensing Fees

Initial Application: $200 which includes the state license and examination (exam failures are subject to out of pocket expense).

Renewal Application: $150

Exemptions:

Entities: Intra State Banks, lawyers, credit unions.

Safe Harbor: None

*This Information for licensing is provided only as a quick reference, make sure you contact the state to verify all information prior to making your application.

Get a FREE quote on your Mortgage License Surety Bond online now!

Choose Another State:

  • Commercial Bonds

  • How To Become A Mortgage Broker
  • Get Your Surety Bond Online
  • Mortgage Bonds Overview
  • Become A Mortgage Broker
  • Mortgage Broker Bond Forms
  • Testimonials:
  • We couldn't have asked for a better experience. Everything went smoothly; it was truly an exceptional experience. The company is very knowledgeable and it had a quick turn around time. There is no comparison with any of the larger insurance companies
  • -Mariela Wrobel of Connecticut Home Mortgage Lenders, LLC on 03/20/2008


  • It has been great working with the team over at JW Surety Bonds.
  • -Ian Duni of Westward Management, Inc. on 07/30/2007









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