Idaho Mortgage Broker & Lender Bond

Complete Guide to Bonding for Mortgage Brokers in Idaho
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Lowest Rates for Mortgage Brokers
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How Much Does an Idaho Mortgage Broker & Lender Bond Cost?

An Idaho mortgage broker and lender bond costs between $250 and $2,500. The surety bond requirement of $25,000 is for one business location. Each additional licensed branch location increases the required bond amount by $10,000. 

You can purchase a mortgage broker and lender bond from an authorized Idaho surety company. By doing so, you can pay the bond premium rather than the full bond amount. 

The premium cost ranges from 1% to 10% of the required bond amount. The rate depends on the applicant’s financial assets, credit score and professional experience. 

A bond premium rate of 1% to 3% is available for those with a credit score of 700 or higher. The rate for a 600 to 699 credit score is 3% to 5%. With a credit score of 599 or below, the premium rate is between 5% and 10%.

Surety Bond Cost Based on Credit Score

Surety Bond Name

Surety Bond Amount

Over 700

Between 600 - 699

Below 599

Idaho Mortgage Broker and Lender Bond

$25,000

$250 - $750

$750 - $1,250

$1,250 - $2,500

* This table provides a ballpark estimate of potential bond costs. Bond pricing can fluctuate over time due to a number of factors. For exact pricing, please complete an application.

How to Get an Idaho Mortgage Broker & Lender Bond

1. Submit Your Application

You can purchase an Idaho mortgage broker and lender bond by walking through a few simple steps. First, fill out the online application. We provided competitive bond rates for applicants with a wide range of credit scores. More than 99% of our applicants qualify. 

Sophia was unsure about her ability to get a mortgage broker and lender bond because she had a low credit score. Recently, she applied for a bond online with us, and we quickly gave her a quote. She paid her surety bond premium online and had the bond she needed to open an office in Idaho.

2. Get a Bond Quote

Most of our applicants benefit from a no-obligation, free quote instantly. If your application is more complex, we can deliver a bond quote within 48 hours.

Our surety bond company has been helping customers for more than 10 years. We proudly provide a straightforward bond application process and are available to answer your questions.

3. Purchase Your Bond

After reviewing your Idaho mortgage broker and lender bond quote, the final step is to pay the premium. We accept online premium payments for your convenience. After making the payment, we will email the bond to you. We can also mail the bond upon request. 

Buying your mortgage broker and lender bond in Idaho from our surety company is a quick, hassle-free process. If you run into challenges or have questions, we are available to help. Contact us or call us at (877) 514-5146.

Mortgage Broker & Lender Bond Requirements in Idaho

The Department of Finance maintains mortgage broker and lender licensing requirements in Idaho. New license applications and renewals are processed by the National Multistate Licensing System, or NMLS.

The surety bond requirement of $25,000 is for the operation of one business location in Idaho. An additional $10,000 is required for each additional business location. Mortgage brokers and lenders must hold a bond at all times to maintain their license.

The NMLS accepts electronic surety bonds. For questions about how to get a mortgage broker and lender license, contact the Idaho Department of Finance at (208) 332-8000.


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About Us

Lance Surety Bonds
Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more

What Our Clients Have To Say?

Kimberlee Ables

Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!

Andrew Poincot

Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!

Margie Martinez

We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!

Kimberlee Ables

Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!

Andrew Poincot

Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!

Margie Martinez

We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!

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