Alaska Mortgage Broker Bond Guide

How Much Does an Alaska Mortgage Broker Bond Cost?

All applicants for a mortgage license in Alaska must obtain a $75,000 mortgage broker bond.

The cost of your bond is equal to a percentage of the bond’s total amount. The surety which issues your bond determines the rate at which you can get bonded by reviewing your personal credit score. The higher your credit score - the lower your bond cost will be.

The surety may also request to review your financial statements, to receive information about your fixed and liquid assets, and more. After considering all of these factors, the surety sets a rate at which you can get bonded.

Wondering how much your Alaska mortgage broker bond may cost? Try our calculator below to get an estimate!

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Surety Bond Cost Calculator

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Surety Bond Amount ($)

Select Your Credit Score Please select Above 700 650 - 699 600 - 649 550 - 599 549 and under

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* This form is for a rough estimate only.

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The ballpark estimate on your premium is: $100 - $167

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Do you want to know more about how your bond cost is determined? See our detailed surety bond cost guide for a full explanation.

Can I Get a Bond if I Have Bad Credit?

Yes, even if you have a low credit score, you can still apply for an Alaska mortgage broker bond and get bonded.

Our Bad Credit Program allows mortgage brokers who are currently struggling with a low score or have bankruptcies and liens on their record to get bonded and move ahead.

How Can I Get an Alaska Mortgage Broker License?

To become licensed as a mortgage broker or lender in Alaska, you must apply through the Nationwide Mortgage Licensing System and Registry (NMLS).

The licensing requirements include:

• Register a business entity in the state and provide formation documents
• Get an Alaska business license
• Complete forms MU1 and MU2
• Allow a criminal background check and provide answers to disclosure questions
• Authorize a credit report for persons in positions of control
• Submit a financial statement
• Provide a business plan and an organizational and management chart
• Submit an Alaska mortgage broker bond
• Pay an application and licensing fee

About us:

Bryant Surety Bonds

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.