New Mexico Surety Bonds

Complete Guide to getting Bonded in New Mexico

Customer Reviews

1. Start Your Application

Fill out the online application form

2. Receive Your Free Quote

You will be sent your quote in minutes

3. Buy Your Surety Bond

We offer secure payment options
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    Get your free New Mexico surety bond quote online
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    Lance Surety Bonds is licensed to offer all types of New Mexico surety bonds
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    Bad credit is no problem
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    Easy and fast application

Most Popular Surety Bonds in New Mexico

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To work as a freight broker or forwarder in New Mexico, a $75,000 surety bond is necessary.
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Auto Dealer Bond
The surety bond requirement for an auto dealer doing business in New Mexico is $50,000.
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Contractor License Bond
A licensed contractor working in New Mexico is required to have a $10,000 surety bond.
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Mortgage Broker Bond
To do business in New Mexico, a licensed mortgage broker must have up to a $150,000 surety bond.
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Collection Agency Bond
To run a collection agency business in New Mexico, a $5,000 surety bond is needed.
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legal-document
A public adjuster doing business in New Mexico must hold a $10,000 surety bond.

Find Your New Mexico Surety Bond

We offer all types of surety bonds in all 50 states. If you can't find your bond in the table below, select "General business license or permit bond (not listed otherwise)" and start your application.
Freight Broker Bond (BMC-84) N/A FMCSA Apply Now
General license & permit bond (not listed) N/A N/A Apply Now
Contractor License Performance & Payment (State) Bond Contractor License Construction Industries Division Apply Now
Contractor License Performance & Payment (State) Bond Installer and/or Repairman License NM Manufactured Housing Division Apply Now
Contractor License Performance & Payment (State) Bond Contractor License Code Bond Construction Industries Division Apply Now
Contractor License Performance & Payment (State) Bond Modular Structure Certification Bond New Mexico Regulation & Licensing Dept Apply Now
Contractor License Performance & Payment (State) Bond Service Contract Provider Bond STATE OF NEW MEXICO Apply Now
Collection Agency Bond Collection Agency Corporate Bond Finance Institutions Division Apply Now
Professional Fund Raisers Bond Professional Fund Raisers Bond New Mexico - Office of the Attorney General Apply Now
Insurance Adjusters Bond Insurance Adjusters Surety New Mexico Public Regulatory Commission Licensing Apply Now
Mortgage Broker (1st & 2nd Mortgages) Bond Mortgage Loan Company Director,Financial Institutions Division, Regulati Apply Now
Mortgage Lender/Banker (1st & 2nd Mort.) Bond MORTGAGE LOAN COMPANY CORPORATE SURETY BOND State Of New Mexico Apply Now
Auto & Mobile Home Dealers (New & Used) Bond Vehicle Dealer or Auto Recycler Motor Vehicle Division Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Vehicle Dealer or Auto Recycler Motor Vehicle Division Apply Now
Motor Vehicle (Non-Dealer, Not Listed) Bond Title Service Company Bond Motor Vehicle Division Apply Now
Sport Permits Bond Promoters of Professional Athletic Events State Athletic Commission Apply Now
Detectives Bond PRIVATE INVESTIGATOR OR PRIVATE PATROL OPERATOR LI State of New Mexico Apply Now
Employment Agencies Bond Employee Leasing Company New Mexico Regulation and Licensing Department Apply Now
Professional Licenses (All Other) Bond Employee Leasing Program New Mexico Regulation and Licensing Department Apply Now
Schools (All) Bond Driver Training School DOT - Traffic Safety Bureau Apply Now
Schools (All) Bond Private Postsecondary Institution Bond New Mexico Higher Education Department Apply Now
Contractors Tax (Single Contract) Bond Contractors Taxation Surety State of New Mexico Apply Now
Contractors Tax (Single Contract) Bond Contractors Tax (Single Contract) Bond New Mexico Taxation & Revenue Department Apply Now
Utility Deposit Bond Utility Deposit Bond Public Service Company of New Mexico Apply Now
Telemarketing/Phone Solicitor Bond Professional Fundraiser New Mexico - Office of the Attorney General Apply Now
Repossession Agent Bond Repossessor's Company Corporate Regulation and Licensing Department Apply Now
Appraisal Management Appraisal Management Company Registration State of New Mexico Apply Now

Do you need more information about the New Mexico surety bond requirements? Call our bond experts at (877)-514-5146 to learn more.

How Much Does a New Mexico Surety Bond Cost?

The cost of a New Mexico surety bond ranges between $100 and $15,000, depending on the bond amount and type required. The requirement for an auto dealer bond, for example, is $50,000. For a mortgage broker, the bond amount can be up to $150,000, depending on the annual dollar amount of mortgage loans originated.

Instead of paying for the full bond amount required to do business in the state, you can obtain your bond through an authorized surety company at a premium. Our respected surety company has served valued customers in New Mexico for more than a decade. More than 99% of our applicants qualify for the bond they need. 

The premium rate for a New Mexico surety bond is between 1% and 10% of the total bond sum required. Several factors impact the actual rate each customer qualifies for. These are the applicant’s credit, financial assets and professional credentials. 

We provide a 1% to 3% premium rate to applicants with a 700 or higher credit score. A 3% to 5% rate is available to customers with a 600 to 699 credit score. With a credit rating of 599 or below, a rate of 5% to 10% of the bond sum is available.

 

Surety Bond Cost Based on Credit Score

Surety Bond Name

Surety Bond Amount

Over 700

Between 600 - 699

Below 599

Freight Broker Bond

$75,000

$750 - $2,250

$2,250 - $3,750

$3,750 - $7,500

New Mexico Auto Dealer Bond

$50,000

$500 - $1,500

$1,500 - $2,500

$2,500 - $5,000

New Mexico Contractor Bond

$10,000

$100 - $300

$300 - $500

$500 - $1,000

New Mexico Mortgage Broker Bond

$150,000

$1,500 - $4,500

$4,500 - $7,500

$7,500 - $15,000

New Mexico Collection Agency Bond

$5,000

$100 - $150

$150 - $250

$250 - $500

New Mexico Public Adjuster Bond

$10,000

$100 - $300

$300 - $500

$500 - $1,000

* 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 a Surety Bond in New Mexico

1. Learn About New Mexico Bond Requirements

The surety bond requirements in New Mexico are unique for each trade. In addition, federal, state and local governments may establish different requirements. The FMCSA is your authority for the federal requirement for freight broker bonds. Additional links for state-level bonds are available below.

2. Apply for Your Bond Online

After learning about the surety bond requirements applicable to your trade, the next step is to complete the online application. This is a straightforward application that requires only a few minutes of your time.

3. Get a Bond Quote

The majority of our applications in New Mexico receive an instant quote, which is always no-obligation and free. When an application is complicated and requires greater review, we provide a quote in less than 48 hours. 

Harrison connected with us recently to set up a freight broker bond fast. He was thrilled to get an immediate quote after applying online. Soon after he paid the bond premium online, Harrison received his bond via email and was ready to complete his freight broker application.

4. Make Your Payment Online

The final step required to purchase your New Mexico surety bond is to pay the premium. Through our online payment portal, you can make the payment easily. Then, your bond will quickly be prepared and emailed to you. We are happy to send you a mailed copy, if requested. 

Our bond experts are committed to helping you set up the bond you need without hassle. For more information or assistance with your bond, contact us or reach us by phone at (877) 514-5146.

Other New Mexico Surety Bonds

Resources

New Mexico License Info

Lance Surety Bonds is licensed to underwrite surety bonds in New Mexico.

License Number # 3000590577


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!