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PURSUANT TO THE REQUIREMENTS OF SECTION 157.007 OF THE TEXAS
MORTGAGE BANKER ACT, CHAPTER 157, TEXAS FINANCE CODE, YOU ARE
HEREBY NOTIFIED OF THE FOLLOWING:
COMPLAINTS REGARDING A LICENSED RESIDENTIAL
MORTGAGE LOAN ORIGINATOR SHOULD BE SENT TO THE
TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE
LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS
78705. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT
1-877-276-5550.
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| 30 Year Fixed Rate |
| 20 Year Fixed Rate |
| 15 Year Fixed Rate |
| FHA Purchase/Refinance |
| VA Purchase/Refinance |
| Jumbo Loans |
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30 Year Fixed Rate
Term: 30 years
Maximum Amount: $417,000
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20 Year Fixed Rate
Term: 20 years
Maximum Amount: $417,000
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15 Year Fixed Rate
Term: 15 years
Maximum Amount: $417,000
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FHA Purchase/Refinance
Maximum Amount: $271,070
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VA Purchase/Refinance
Maximum Amount: $417,000
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Jumbo Loans
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF
CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS
CAUSED BY ACTS OF LICENSED 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 WEB SITE AT WWW.SML.TEXAS.GOV |
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