The Bureau of Financial Institutions regulates and provides licenses to mortgage brokers within the Commonwealth of Virginia. All mortgage brokers and lenders who practice in Virginia must obtain a Mortgage Broker License. To act as a broker, of any kind, within this license is unlawful. In order to gain a license within Virginia, applicants must pay all associated fees in addition to providing personal and financial information. Further, all applicants must provide a Surety Bond equal to $25,000. Unlike other state licenses, Virginia licenses do not expire. Instead, a broker’s license is valid until it is revoked, surrendered, or suspended.
Various consumers may benefit from state programs that pertain to senior citizens, veterans, low-income buyers, single parents, and various other homebuyers. The best way to find a reliable mortgage broker in Virginia is to comparison shop. Reputable brokers will provide all consumers with free price quotes in addition to mortgage program information. By comparing price quotes, consumers can determine the best possible mortgage rate. To search for a broker within the state of Virginia, look through the brokers listed below. All of the brokers listed on this page are grouped according to specific locations, so you can easily find brokers that are located near you. |
