North Carolina Mortgage Bond Markets

Bad Credit Mortgage Broker Bonds

Applicants with a low credit score, or public records (Bankruptcy, Liens, Collection, or Civil Judgments) will find a difficult time getting bonded. Bryant Surety Bonds, inc offers a Bad Credit Surety Bond Program that is specially tailored to your needs and can get you approved. This program is available for high risk mortgage brokers.

North Carolina Licensure Requirements*

Applicant Requirements:

  • Age: No Requirement
  • State Residency: No Requirement
  • Experience: Applicant or 1 managing principle must have 3 years experience in mortgage lending, or competency requirements that the commissioner may impose.
  • Education: No Requirement
  • Continuing Education: No Requirement
  • Examination: No Requirement
  • Fitness For Licensure: Applicant must display financial responsibility, business history, character, and general fitness.
  • Net Worth: No Requirement
  • Surety Bond: $50,000
  • Background Check: A Federal and State criminal history background check, as well as submitting fingerprints.
  • Managing Principal: Individual meeting the experience requirement must be named managing principle. This person must have a loan officers license if they are to have contact with customers or to be able to manage a second location (branch).

State Licensing Fees:

  • Initial Application: $1,250 application fee
  • Branch Application: $125 application fee
  • Renewal Application: $625 renewal fee, $125 branch renewal fee.

Employee Requirements:

  • Age: 18 years of age or older.
  • State Residency: No Requirement
  • Experience: Applicant may substitute experience requirement for education/examination.
  • Education: With in 3 years prior to applying, applicant must complete the mortgage lending fundamental course that is approved by the commissioner. This Course is at least 8 hours of classroom learning.
  • Continuing Education: Not to surpass 8 hours annually.
  • Examination: Applicant must pass an examination.
  • Fitness For Licensure: Applicant must demonstrate credit history and business history
  • Net Worth: No Requirement
  • Surety Bond: No Requirement
  • Background Check: Applicant must submit fingerprints as well as consent to a background check
  • Exemptions: No Any Employee whose responsibilities are limited to clerical and administrative tasks and do not solicit borrowers, accept application, or negotiate terms is exempt.
  • Licensing Fee: $67.50 license fee
  • Renewal Fee: $67.50 renewal fee

Branch Offices:

  • In State Requirements: A Licensee must maintain a branch office in the state.
  • Licensure Requirements: Each branch must be separately licensed.
  • Branch Manager: Each branch must have a manager who is licensed as a loan officer and has at least 3 years experience.


  • Entities: Real estate agents, insurance companies, and regulated financial institutions.
  • Safe Harbor: None

*Information for state licensing is provided as a guide, always verify with the state that the information is correct.

How to apply:

1.) Visit the commercial application page.
2.) Complete our online application.