AUGUSTA FINANCIAL IS LICENSED BY:

 

Arizona

Arizona Mortgage Banker #BK-1032901

 

California

DFPI – Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act #4131305 | California DRE-Real Estate Broker Department of Real Estate #01212262

 

Colorado

Colorado Regulated by the Division of Real Estate. To check the status of your mortgage loan originator’s license, visit the Colorado Division of Real Estate’s website at  eLicense Online (colorado.gov)

 

Idaho

Idaho Mortgage Broker/Lender #MBL-2080241911

 

Montana

Montana Mortgage Broker License and Montana Mortgage Lender License – 241911

 

Tennessee

Tennessee Mortgage License#241911

 

Texas

Texas-SML Mortgage Banker Registration
IN TEXAS—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 N. 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 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.

 

Washington

Washington Consumer Loan Company License #CL-241911

 

DISCLOSURES

Augusta Financial complies with the Equal Credit Opportunity and Fair Housing Acts. We do not discriminate against any applicant on the basis of race; color; religion; national origin; sex; marital status; familial status (number and age of children); sexual orientation; age (provided that the applicant has the capacity to enter into a binding agreement); medical history; disability; the applicant’s exercise, in good faith, of any right under the Consumer Credit Protection Act; the applicant’s receipt of income derived from any public assistance program; or any other basis prohibited by law.

 

FORWARD MORTGAGE

Program terms available may vary based on the state or county in which the financed property is located. Subject to credit approval and underwriting terms and conditions. LTV describes loan amount as a percentage of the purchase price or value of the property. Programs subject to change without notice.

 

REVERSE MORTGAGES

When a Reverse loan becomes due and payable, the outstanding loan and interest will need to be repaid, either through a refinance or sale of the property. The lender may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Interest is not tax-deductible until the loan is partially or fully repaid.

Borrowers are responsible for paying property taxes, homeowner’s insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy the home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms.

 

FORMAL COMPLAINTS

For formal complaints, please direct all correspondence to:
Augusta Financial
ATTN: Compliance
25129 The Old Road, St 350
Santa Clarita, CA 91350

Or email: compliance@augustafinancial.com