Overview of New Hampshire Mortgage Broker Bond Requirements

Mortgage brokers, bankers and servicers in the state of New Hampshire have to obtain a mortgage broker bond to operate legally. It is one of the central licensing requirements. The bond amount is $50,000.

The New Hampshire Department of Banking is the licensing authority that sets the criteria and regulates mortgage professionals in the state. The Nationwide Mortgage Licensing System (NMLS) handles the administrative procedure.

Why do I have to get this bond?

The purpose of the bond is to guarantee your compliance with the New Hampshire banking laws. It is an indispensable requirement for obtaining your New Hampshire mortgage broker license, or license as a banker or servicer. You have to provide it in the official bond form.

The goal of your bond is to protect the state and your customers. If you transgress from your obligations, you can receive a claim against your bond. The maximum compensation that harmed parties can demand can be up to the amount of the surety bond.

For a full overview of how surety bonds work, you can consult our detailed ‘What is a surety bond’ guide.

Start your surety bond application today! Why us?
  • Pay and print your bond in minutes
  • Tailor-made advice on building a strong application
  • Exclusive bad credit programs

Have more questions? Don’t hesitate to call us at (866)-450-3412!

What Is the New Hampshire Mortgage Broker Bond Cost?

The price that you have to pay for getting bonded depends on the legally required bond amount. Mortgage brokers have to provide a $50,000 bond, while mortgage bankers and servicers have to post a $100,000 bond.

Your bond premium is a fraction of this amount. It depends on the strength of your personal and business finances.

Factors that determine your bond premium

The most important factor that your surety considers when determining your premium is your personal credit score. It serves as the main indicator regarding your financial stability.

For applicants with scores above 700 FICO, the typical bond rates are between 0.75%-1.5% of the bond amount. If your FICO score is not lower than 599, you can get rates of up to 7%.

The other factors that matter include:

  • Personal and business finances
  • Fixed and liquid assets
  • Business knowhow

You can consult the table below to get an estimate of your bond cost, depending on your credit score.

New Hampshire Mortgage Broker Bond Cost Based on Credit Score
License type Bond Amount Credit Score
Above 700 650-699 600-649 Below 599
New Hampshire Mortgage Broker License $50,000 $375-$750 $500-$1,500 $750-$2,000 $1,500-$3,500
New Hampshire Mortgage Banker and Servicer License $100,000 $750-$1,500 $1,000-$3,000 $1,500-$4,000 $3,000-$7,000

* The table provides a bond cost ballpark estimate based on the applicant's credit score. Actual bond prices can differ due to a number of factors. For an exact quote, please complete our online application. It's fast and 100% free!.

How to Apply For a Bond

You can get started with your bonding with a few clicks. Apply for your bond by clicking on the banner below to get a free quote. Afterwards, you can purchase your New Hampshire broker bond online.

Ready to apply? Get an instant free quote and see our low prices! There is no obligation.

Do you have further queries about the bonding process? You can speak with our bonding specialist by calling us at (866)-450-3412.


About us:
Bryant Surety Bonds, Inc. is a surety bond agency based in Pennsylvania. Licensed in all 50 states and with access to over 20 T-listed, A-Rated bonding companies, we have the contacts, expertise, and top service to provide you with a hassle-free experience, all while offering competitive rates for your surety bond.