District of Columbia (Washington, D.C.) Mortgage Licensing

District of Columbia (Washington, D.C.) Mortgage Licensing

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Mortgage Banker

Mortgage Lender License

Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $200,000 (Lender only) and $225,000 (Lender and Broker) per licensed location.
Surety Bond: $12,500 to $50,000 per licensed location
Comment: Must obtain Dual Authority License to broker and lend.

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$200 – Foreign Entity Fee
$125 – Registered Agent Fee
$125 – Surety Bond Fee per licensed location (Depending on DC Volume)
$1,400– Company License Fee

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Mortgage Broker

Mortgage Broker License

Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $25,000 per licensed location
Surety Bond: $12,500 to $50,000 per licensed location

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$200 – Foreign Entity Fee
$125 – Registered Agent Fee
$125 – Surety Bond Fee per licensed location (Depending on DC Volume)
$1,200– Company License Fee

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Regulated by:

DC Department of Insurance, Securities and Banking

810 First St. NE, Suite 701
Washington DC 20002
Tracey Robinson | tracey.robinson@dc.gov 202.442.7805
Jacqueline Cole | jacqueline.cole@dc.gov 202.442.7809
Phone: 202-727-8000