Disclosure
In accordance with state and federal regulations, the following disclosure and licensing information is available for you to review online.
Loan Assumptions:
Rates and terms subject to change without notice. Loans are subject to LTV, income, credit verification, and underwriting guidelines. Not all applicants will qualify.
30 Year Fixed – First Mortgage – Jumbo Loan
Disclosed rate assumes a $1,200,000 rate and term refinance loan on an owner-occupied single family residence in California with impound account (monthly collection of subject property taxes and any applicable homeowners insurance with your monthly principal and interest payment). Minimum 760 FICO credit score, 60% loan to value with no subordinate debt. If these factors are not met, you may still qualify and additional pricing adjustments may apply.
On Loan Amount over $548,250, up to $822,375, 15 & 30 Year Fixed – First Mortgage
Disclosed rate assumes a $800,000 rate and term refinance loan on an owner-occupied single family residence in California.
Minimum 760 FICO credit score, 60% loan to value with no subordinate debt. If these factors are not met, you may still qualify
and additional pricing adjustments may apply.
On Loan Amount up to $548,250, 15 & 30 Year Fixed – First Mortgage.
Disclosed rate assumes a $500,000 rate and term refinance loan on an owner-occupied single family residence in California. Minimum 760 FICO credit score, 60% loan to value with no subordinate debt. If these factors are not met, you may still qualify and additional pricing adjustments may apply.
*Potential Benefits
These are potential benefits, and not guaranteed. It depends on the rate lock and the interest rate chosen. If there are sufficient lender credit with the rate lock, we could help pay for some or all of the following third party closing costs on behalf of the Borrower: appraisal fees, credit report fees, flood certification fees, escrow/closing fees, signing fees, title insurance fees (lenders policy and endorsements). The Borrower is responsible for paying: prepaid interest, property taxes, state mortgage/transfer taxes, all types of insurance, existing lender payoff fees, survey fees, inspection fees and discount points (if Borrower chooses to pay discount points to buy down the interest rate).
Defer a Mortgage Payment. If you do not make your mortgage payment for the month that you are closing your new loan, it may be possible to capitalize that payment into your new loan thereby deferring the due date of your next mortgage payment to be due 1-2 months depending on which day of the month you close your loan.
No Out of Pocket expense. Any closing cost associate to the loan may be refinance to the new mortgage. If there are any other costs associate with the mortgage such as appraisal, the company will pay the amounts due upfront and be reimbursed by the borrower(s) at closing and funding of their mortgage loan.
Escrow Refund. Current escrow account will require to have a balance left over in the escrow account more than $0 dollars. An Escrow refund is only for accounts with a surplus to be reimbursed to borrower(s) after their new refinance loan closes/funds and records.
Equal Housing Lender
We conduct business in accordance with the Federal Fair Housing Law (Fair Housing Amendments Act of 1988). It is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin:
- In the sale or rental of housing
- In advertising the sale or rental of housing
- In the financing of housing
- In the provision of real estate brokerage service
- In the appraisal of housing
- Blockbusting is also illegal
Fair Lending Policy
It is our policy to comply with the Equal Credit Opportunity Act and the Fair Housing Act. In addition, it is our policy to comply with state laws that provide greater protection. We do not discriminate against any applicant on the basis of race; color; religion; creed; national origin; ancestry; sex; marital status; familial status (number and age of children); sexual orientation; age (provided that the applicant has the capacity to enter into a binding agreement); medical history; disability; physical condition; military status; because the applicant has in good faith exercised any right under the Consumer Credit Protection Act or the Service members Civil Relief Act (SCRA); that all or part of a consumer’s income derives from a public assistance program; or any other basis prohibited by law.
The Housing Financial Discrimination Act of 1977, California Fair Lending Notice
It is illegal to discriminate in the provision of or in the availability of financial assistance because of the consideration of:
- Trends, characteristics, or conditions in the neighborhood or geographic area surrounding a housing accommodation, unless the financial institution can demonstrate in the particular case that such consideration is required to avoid an unsafe and unsound business practice.
- Race, color, religion, sex, marital status, national origin, or ancestry.
It is illegal to consider the racial, ethnic, religious, or national origin composition of a neighborhood or geographic area surrounding a housing accommodation, or whether or not such composition is undergoing change, or is expected to undergo change, in appraising a housing accommodation or in determining whether or not, and under what terms and conditions, to provide financial assistance. These provisions govern financial assistance for the purpose of the purchase, construction, rehabilitation, or refinancing of one- to four-unit family residences occupied by the owner and for the purpose of the home improvement of any one to four-unit family residence.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OBTAINING A MORTGAGE LOAN
To help us prevent fraud and to assist the government in fighting the funding of terrorism and money laundering activities, we are obtaining, verifying, and recording information that identifies each person who applies for and/or obtains a mortgage loan. What this means for you: When you apply for and/or obtain a mortgage loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other ID.