Disclosures & Licensing

Company Licensing

Loan Originator Licensing

Equal Housing Lender

Cornerstone First Mortgage, LLC is an Equal Housing Lender. We are committed to providing equal access to housing and mortgage services regardless of race, color, religion, national origin, sex, familial status, disability, or any other characteristic protected by federal, state, or local law, in accordance with the Fair Housing Act (42 U.S.C. 3601 et seq.) and the Equal Credit Opportunity Act (15 U.S.C. 1691 et seq.).

Texas Mortgage Licensing Disclosures

Cornerstone First Mortgage, LLC is licensed by the Texas Department of Savings and Mortgage Lending (SML) as a Mortgage Banker under NMLS #173855. Mortgage loans are originated in accordance with the Texas Finance Code, the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), and all applicable federal regulations.

The following notice is provided in accordance with Texas Department of Savings and Mortgage Lending requirements:

Texas Department of Savings and Mortgage Lending — 2601 North Lamar, Suite 201, Austin, Texas 78705 — Toll-free consumer hotline: 1-877-276-5550 — www.sml.texas.gov.

Arizona Mortgage Licensing Disclosures

Cornerstone First Mortgage, LLC holds Arizona Mortgage Broker License #0910407 and is regulated by the Arizona Department of Insurance and Financial Institutions (DIFI). Arizona consumers may verify this license and file complaints through the Arizona Department of Insurance and Financial Institutions at difi.az.gov.

FHA Loan Program Disclaimers

Government (FHA/HUD) Non-Affiliation

Cornerstone First Mortgage, LLC (NMLS #173855) is an FHA-approved lending institution and is not acting on behalf of or at the direction of HUD, the FHA, or the federal government. This site is not from HUD or FHA and was not approved by HUD, FHA, or any government agency. FHA loan program terms and eligibility are set by HUD/FHA and are subject to change without notice. Not all applicants will qualify. This is not a commitment to lend. FHA Home Loan Pros (fhahomeloanpros.com) and the Cook Brothers Mortgage Team are not affiliated with, endorsed by, or sponsored by the Federal Housing Administration (FHA), the U.S. Department of Housing and Urban Development (HUD), or any other federal or state government agency.

FHA Down Payment & Credit Requirements

FHA guidelines allow a minimum down payment of 3.5% for borrowers with a credit score of 580 or higher. Borrowers with credit scores of 500 to 579 may qualify with a minimum down payment of 10%. Individual lenders may apply additional requirements (overlays). The entire down payment may come from documented gift funds from an eligible donor. Actual eligibility is determined by credit, income, debt-to-income ratio, property, and applicable program guidelines.

FHA Mortgage Insurance

FHA loans require mortgage insurance premiums (MIP), including an upfront premium (currently 1.75% of the base loan amount, which may be financed) and an annual premium billed monthly. Depending on the loan term and down payment, annual MIP may be required for the life of the loan. MIP amounts are set by HUD/FHA and are subject to change.

FHA Loan Limits & Availability

FHA loan limits vary by county and are subject to change annually. Loan programs are subject to funding, investor guidelines, and regulatory requirements and may be modified or discontinued at any time. Not all borrowers will qualify. Eligibility is determined based on criteria including, but not limited to, credit score, income, debt-to-income ratio, purchase price, property location, property type, and occupancy requirements.

Rate and Terms Disclaimer

All loan programs, interest rates, terms, and conditions are subject to change without notice. The information provided on this website is for informational and educational purposes only and does not constitute a loan offer, loan commitment, loan approval, or guarantee of any specific rate, term, or program. Actual rates, fees, and terms will be determined based on your individual financial profile, creditworthiness, property characteristics, and prevailing market conditions at the time of rate lock.

Interest rates displayed or referenced on this website are subject to change and may not be available at the time of loan application or lock. Rate locks are subject to lender and program-specific requirements. The Annual Percentage Rate (APR) may differ from the stated interest rate due to the inclusion of fees, points, and other loan costs.

Calculator and Tools Disclaimer

The FHA loan calculator, qualifier quiz, and other tools provided on this website are for educational and illustrative purposes only. Results are preliminary estimates based on the information you provide and general program guidelines — they are not a pre-approval, a loan application, or a commitment to lend. Actual payments, mortgage insurance, eligibility, loan limits, and terms may differ. Any quiz or calculator result is a pre-qualification estimate only.

Additional Disclosures

• All loans subject to credit approval and property appraisal.
• Private mortgage insurance (PMI) or mortgage insurance premiums (MIP) may be required depending on the loan type and down payment amount.
• Property insurance is required on all loans. Flood insurance may be required for properties located in designated flood zones.
• The borrower is responsible for all closing costs, prepaid items, and escrow deposits not covered by seller concessions, gift funds, or lender credits.
• FHA loans are for owner-occupied primary residences; the borrower must intend to occupy the property. Investment properties and second homes are not eligible for FHA financing.
• FHA financing is subject to property eligibility and an FHA appraisal that meets minimum property standards.

NMLS Consumer Access

The Nationwide Multistate Licensing System (NMLS) is a web-based system that allows consumers to verify the licensing status of mortgage companies and individual loan originators. You can verify our licensing and view additional information at:

www.nmlsconsumeraccess.org

• Cornerstone First Mortgage, LLC: NMLS #173855
• Tanner Cook: NMLS #2090424
• Zac Cook: NMLS #2111496

Contact

If you have questions about these disclosures or our licensing, please contact us: