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 is licensed by the Arizona Department of Financial Institutions. 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 Lighthouse Program

Arizona Housing Finance Authority administers the Pima Tucson Lighthouse down payment assistance program, offering up to 4% of the loan amount for first-time homebuyers. Program terms, eligibility requirements, income limits, purchase price limits, interest rates, and DPA amounts are established by Arizona Housing and are subject to change without notice based on funding availability and program updates. Assistance becomes forgivable after 3-5 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 5% 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. Assistance becomes forgivable after 5 years of primary residence occupancy.

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 Arizona Housing Finance Authority, Arizona Industrial Development Authority, or any other state or federal government agency. Cornerstone First Mortgage is an approved participating lender in Arizona DPA programs, but this participation does not constitute an endorsement or affiliation with these agencies.

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: