A New Mexico Manufactured Housing Installer Bond is a $10,000 guarantee required for professionals who install manufactured or mobile homes in New Mexico. This bond protects homeowners and the state by ensuring installers follow proper safety standards and building codes. If an installer does faulty work or doesn't me…
Overview
What it is.
A New Mexico Manufactured Housing Installer Bond is a $10,000 guarantee required for professionals who install manufactured or mobile homes in New Mexico. This bond protects homeowners and the state by ensuring installers follow proper safety standards and building codes. If an installer does faulty work or doesn't me…
Who usually needs it
Manufactured home installers licensed by the New Mexico Manufactured Housing Division must obtain this bond. This includes holders of MHD installer licenses (MHD-1, MHD-2, or MHD-3) who perform tasks such as blocking, leveling, utility connections, foundation installation, alterations, modifications, gas piping service, and plumbing/electrical repairs on ma…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateNMBond amount$10,000ObligeeState of New MexicoBond classLicense BondCategoryConstructionBondNew Mexico Manufactured Housing Installer BondJurisdictionStatePlain descriptionA New Mexico Manufactured Housing Installer Bond is a $10,000 guarantee required for professionals who install manufactured or mobile homes in New Mexico. This bond protects homeowners and the state by ensuring installe…Who needs this bondManufactured home installers licensed by the New Mexico Manufactured Housing Division must obtain this bond. This includes holders of MHD installer licenses (MHD-1, MHD-2, or MHD-3) who perform tasks such as blocking, l…
