Disclaimers

VALAMONTE MORTGAGE TEAM

NMLS #1294905

NMLS #1065732

Mortgage Broker

Applications are subject to credit approval. Terms and conditions are subject to change without notice. Restrictions may apply. Contact Valamonte Mortgage Team at (831) 254-9787 for complete loan details.

Refinancing an existing loan may result in a higher total finance charge over the life of the loan. Stated interest rates may change or may not be available at the time of loan commitment, rate lock, or closing.

Valamonte Mortgage Team is not affiliated with, endorsed by, or acting on behalf of HUD, VA, FHA, USDA, or any agency of the federal government.

655 Capitola Road, Suite 202
Santa Cruz, CA 95062

Website:
www.valamontemortgage.com

Email:
info@valamontemortgage.com

Telephone:
(831) 254-9787

Nationwide Mortgage Licensing System (NMLS):

Valamonte Mortgage Team – NMLS #1294905

Consumers may verify licensing information through the Nationwide Mortgage Licensing System Consumer Access website at www.nmlsconsumeraccess.org.

EQUAL CREDIT OPPORTUNITY ACT

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), receipt of public assistance income, or because the applicant has exercised in good faith any right under the Consumer Credit Protection Act.

The federal agency that administers compliance with this law is:

Federal Trade Commission
Equal Credit Opportunity

600 Pennsylvania Avenue NW
Washington, DC 20580

HOME MORTGAGE DISCLOSURE ACT NOTICE

HMDA data regarding residential mortgage lending are available online for review. This information includes the geographic distribution of loans and applications as well as demographic and loan outcome information.

Consumers may access HMDA information through the Consumer Financial Protection Bureau website.

USA PATRIOT ACT – CUSTOMER IDENTIFICATION REQUIREMENTS

To help the government fight the funding of terrorism and money laundering activities, federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account or applies for a mortgage loan.

When applying for a mortgage loan, you may be required to provide:

• Government-issued photo identification
• Current address information
• Date of birth
• Other identifying information as required by law

Protecting our customers' identities and maintaining confidentiality remain important priorities.

MORTGAGE LENDING CRITERIA

Valamonte Mortgage Team evaluates mortgage applications based on various factors, including but not limited to:

• Credit history
• Debt-to-income (DTI) ratio
• Employment and income verification
• Cash reserves and available assets
• Current and projected mortgage obligations
• Property condition
• Loan-to-value (LTV) ratio
• Automated underwriting findings
• Program-specific eligibility requirements

VERIFICATION OF FUNDS

Valamonte Mortgage Team may verify funds intended for earnest money deposits, down payments, reserves, and closing costs.

APPRAISAL REQUIREMENTS

Most mortgage loans require a certified appraisal, approved property valuation alternative, or property inspection waiver, depending on the loan program and investor guidelines.

Please consult your licensed mortgage professional regarding appraisal requirements for your specific loan program.

INTEREST RATES AND TERMS

Interest rates are subject to market conditions and may change without notice.

Loan terms, products, and program availability are subject to investor guidelines, agency requirements, underwriting approval, and borrower qualification.

Please contact Valamonte Mortgage Team directly for current rates and program details.

FLOOD INSURANCE REQUIREMENTS

If a property is located within a Special Flood Hazard Area, flood insurance may be required as a condition of financing.

Proof of required insurance coverage must be provided before loan closing.

ADDITIONAL UNDERWRITING REQUIREMENTS

All loans are subject to underwriting approval and must meet applicable agency, investor, and program

requirements.

Approval decisions are based upon the review of documentation provided by the applicant and other third-party sources.

MORTGAGE DISCLOSURES AND CLOSING COSTS

Valamonte Mortgage Team provides Loan Estimates and required federal and state disclosures in accordance with applicable lending regulations.

These disclosures help borrowers understand loan terms, estimated costs, and important information related to the mortgage process.

CONSTRUCTION-PERMANENT ADMINISTRATION FEE

For construction-to-permanent financing transactions, an administration fee may be charged to cover construction draw monitoring, inspections, title updates, and related administrative services associated with the construction phase of the loan.

Please consult your mortgage professional for details regarding applicable fees and program availability.