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.).

Arizona Mortgage Licensing Disclosures

Cornerstone First Mortgage, LLC holds Arizona Mortgage Brokers License No. 0910407. Mortgage loans are originated in accordance with Arizona Revised Statutes Title 6, the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), and all applicable federal regulations.

Arizona consumers: How to file a complaint
If you have a complaint about a residential mortgage loan originator, you may file a complaint with the Arizona Department of Financial Institutions:

• Online: difi.az.gov
• Phone: (602) 771-2800
• Mail: 100 N. 15th Ave., Suite 261, Phoenix, AZ 85007

Down Payment Assistance Program Disclaimers

Pima Tucson Homebuyer's Solution

The Industrial Development Authorities of the City of Tucson and Pima County offer the Pima Tucson Homebuyer's Solution through the Pima Tucson Housing Innovation Hub. It provides assistance of 2% to 5% of the loan amount (the 5% level only with the EDGE rate buy-down option). The Hub describes the assistance under both its ADVANTAGE and EDGE options as a silent second lien with no monthly payment. It is not a grant: the events that make it due and how the lien is handled at the end of its term are set in the program's loan documents, and your loan officer confirms them for the option you use before you commit. Program terms, eligibility requirements, income limits, interest rates, and DPA amounts are set by the program sponsors and are subject to change without notice.

Pima Tucson Lighthouse Program

The Industrial Development Authorities of the City of Tucson and Pima County sponsor the Pima Tucson Lighthouse down payment assistance program, which offers 4% of the first-mortgage amount for first-time homebuyers in limited funding rounds and is available only while a round is open. Program terms, eligibility requirements, income limits, purchase price limits, interest rates, and DPA amounts are established by the program sponsor and are subject to change without notice based on funding availability and program updates. Assistance converts to a grant after five years of primary residence occupancy.

Home Plus Arizona Program

Arizona Industrial Development Authority (Arizona IDA) administers the Home Plus Arizona down payment assistance program, offering up to 4% of the loan amount for all homebuyers (not restricted to first-time buyers). Program terms, eligibility requirements, income limits, purchase price limits, interest rates, and DPA amounts are established by Arizona IDA and are subject to change without notice based on funding availability and program updates. Home Plus offers both a forgivable and a non-forgivable option. Under the forgivable option, the second lien is forgiven after 5 years (60 months) and must be repaid if the home is sold or refinanced before then; the non-forgivable option must be repaid.

No Agency Affiliation

Tucson Down Payment Assistance (tucsondownpaymentassistance.com) and the Cook Brothers Mortgage Team at Cornerstone First Mortgage are not affiliated with, endorsed by, or sponsored by the Arizona Industrial Development Authority, the Tucson or Pima County Industrial Development Authorities, or any other state, local, or federal government agency. Whether a specific assistance program can be used with a loan through Cornerstone First Mortgage is confirmed for each borrower's scenario; program availability through us is never assumed or implied by this website.

Program Availability

Down payment assistance programs are subject to funding availability and may be suspended, modified, or discontinued at any time by the administering agency. Not all borrowers will qualify for down payment assistance. Eligibility is determined based on program-specific criteria including, but not limited to, household income, credit score, purchase price, property location, property type, occupancy requirements, and homebuyer education completion.

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 DPA calculator, qualifier 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 DPA amounts, eligibility, income limits, purchase price limits, and loan terms may differ from the estimates provided. 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 DPA funds, seller concessions, or lender credits.
• Homebuyer education courses may be required for Arizona DPA programs.
• DPA second liens may have repayment obligations if the borrower sells, refinances, or ceases to occupy the property as a primary residence before the forgiveness period expires (program-dependent).

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: