DISCLOSURES AND LICENSE INFORMATION
Guaranteed Rate, Inc. Disclosures and License Information
Guaranteed Rate, Inc is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580.
Guaranteed Rate, Inc State Disclosure Requirements
Guaranteed Rate, Inc is a licensed mortgage lender. The following states require disclosure of licensing information. (If your state is not listed, it doesn't require a specific license disclosure.)
Arizona - Guaranteed Rate, Inc - 7047 East Greenway Parkway, Suite 250, Scottsdale, AZ, 85254 Mortgage Banker License # BK-0907078
California - Licensed by the Department of Corporations under California Residential Mortgage Lending Act
Georgia Residential Mortgage Licensee #20973 - 3940 N Ravenswood Ave, Chicago, IL 60613
Idaho - Guaranteed Rate, Inc
Illinois
Residential Mortgage Licensee - Office of Banks and Real Estate,
Mortgage Banking Division, 122 South Michigan Avenue, Suite 1900,
Chicago, Illinois, 60603, (312) 793-3000
3940 N Ravenswood Ave, Chicago, IL 60613 MB.0005932
Kansas Licensed Mortgage Company - Guaranteed Rate, Inc – License # 2005-4928
Massachusetts - Guaranteed Rate, Inc - Mortgage Lender & Mortgage Broker License MC 4994, MC 4995, MC 4996
Virginia - Licensed by Virginia State Corporation Commission, License # MLB-1219
ASSUMPTIONS
Annual Percentage Rate (APR) calculations assume single-family, detached, owner-occupied primary residence; a loan-to-value ratio of less than 80%; a minimum FICO score of 680; and a loan amount of $300,000 for conforming loans or $650,000 for jumbo loans, unless otherwise specified.
APR assumes 15 days prepaid interest.
Annual Percentage Rate (APR) calculations assume no subordinate financing and that the borrower will provide full income documentation.
Rates may be higher for loan amounts under $300,000 and over $650,000. Please call for details.
Rates are subject to change without notice.
Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
Restrictions may apply.
Subject to underwriter approval; not all applicants will be approved.
Fees and charges apply.
Taxes and insurance are extra.
On refinance transactions, the Annual Percentage Rate (APR) calculations assume a rate and term refinance.
25 Day Rate Lock.
DISCLAIMER
For home purchases or refinancing; applies only to fully documented Conforming and Jumbo 15 year and 30 year fixed rate first mortgages starting at $100,000 up to a maximum loan amount of $650,000. In order to receive payment under this guarantee, a customer must first provide a complete, system-generated (not hand-written) Good Faith Loan Estimate, listing a specific lender’s name, and dated the same date as the rate quoted by us. If such Good Faith Estimate indicates an interest rate and closing costs package that is equal to or lower than our interest rate and closing costs package for the same loan program, and we have verified the accuracy of the rate and costs listed, we will either beat the total loan costs by $100 or pay the customer $500 within ten business days after the customer’s loan is closed and the customer provides us a copy of the fully executed Note and HUD-1 Settlement Statement from such closing.
ILLINOIS RESIDENTIAL MORTGAGE LICENSEE. 3940 N. Ravenswood Chicago, IL 60613