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 (Mortgage Banker, identified by 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.

Texas Recovery Fund Notice (7 TAC §81.200(c))

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT'S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT'S WEBSITE AT WWW.SML.TEXAS.GOV.

Arizona Mortgage Licensing Disclosures

Cornerstone First Mortgage, LLC is licensed to conduct mortgage business in Arizona and is regulated by the Arizona Department of Insurance and Financial Institutions (DIFI) under A.R.S. Title 6, Chapter 9 (Arizona License #0910407; confirm current license type and number via NMLS Consumer Access). All Arizona advertising is conducted under the licensee's legal name and license number. Arizona consumers may contact DIFI at difi.az.gov regarding licensed mortgage entities.

USDA Loan Program Disclaimers

USDA Guaranteed Loan Program

Cornerstone First Mortgage, LLC originates the USDA Single Family Housing Guaranteed Loan Program (Section 502 Guaranteed), a mortgage funded by a private lender and guaranteed by USDA Rural Development. Program terms, eligibility requirements, income limits, guarantee fees (a 1.00% upfront fee and 0.35% annual fee as of the current fiscal year), and property eligibility boundaries are established by the U.S. Department of Agriculture and are subject to change without notice.

No Government Affiliation

USDA Home Loan Pros (usdahomeloanpros.com) and the Cook Brothers Mortgage Team at Cornerstone First Mortgage, LLC are not affiliated with, endorsed by, or sponsored by the U.S. Department of Agriculture (USDA), USDA Rural Development, or any federal or state government agency. USDA Rural Development guarantees the loan; it is not the lender, and its guarantee does not constitute an endorsement of this company.

Eligibility and Availability

USDA loan eligibility is determined by property location and household income and is verified on an address-by-address basis using the current USDA eligibility maps and income limits, which update over time. Not all borrowers will qualify. Eligibility is determined based on program-specific criteria including, but not limited to, household income (at or below 115% of area median income), credit profile, property location within a USDA-eligible area, primary-residence occupancy, and property standards.

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 eligibility quiz and other tools provided on this website are for educational and illustrative purposes only. Results are estimates based on the information you provide and general program guidelines. Actual eligibility, income limits, guarantee fees, and loan terms may differ from the estimates provided, and USDA property eligibility must be confirmed by exact address on the official USDA map. Use of these tools does not constitute a loan application, loan approval, or commitment to lend.

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, appraised-value room, or lender credits.
• USDA loans are limited to owner-occupied primary residences located in USDA-eligible areas; investment properties and second homes are not eligible.
• The USDA annual guarantee fee (0.35%) is paid monthly for the life of the loan and does not automatically drop off at a set loan-to-value ratio as conventional private mortgage insurance does.

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: