LEGAL DISCLOSURES
In accordance with state and federal regulations, the following disclosure and licensing information is available for you to review online:
Mortgage and Lending Services is provided by American Heritage Capital, LP.
American Heritage Capital, LP
2300 Valley View Lane
Suite 1000
Irving, Texas 75062
Home Mortgage Disclosure Act (HMDA)
The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications, income of applicants and borrowers, and information about loan approvals and denials. Race and gender information will be collected in 2004 and available for review in 2005. Inquire at 2300 Valley View Lane, Suite 1000, Irving, Texas, 75062 regarding the location where HMDA data may be inspected. To receive a copy of the data, send a written request to:
American Heritage Capital, LP DBA
AHC Lending
2300 Valley View Lane
Suite 1000
Irving, Texas 75062
Equal Housing Opportunity Lender
We conduct business in accordance with the Federal Fair Housing Law (Fair Housing Amendments Act of 1988). It is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin:
In the sale or rental of housing
In advertising the sale or rental of housing
In the financing of housing
In the provision of real estate brokerage service
In the appraisal of housing
Blockbusting is also illegal
Anyone who feels he or she has been discriminated against may file a complaint of housing discrimination: 1-800-669-9777 (toll free), or 1-800-927-9275 (tdd), U.S. Department of Housing and Urban Development Assistant Secretary for Fair Housing and Equal Opportunity, Washington DC 20410.
Equal Credit Opportunity Act Fair Lending Notice
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 that the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning the creditor is:
Federal Trade Commission
Equal Credit Opportunity
Room 4037
Washington DC 20580
Fee Schedule
First Mortgages
Application Fee or Rate-Lock Fee or Appraisal Fee. $49.00 to $600.00- depends on location, acreage, rural area, availability of appraisers and appraisal type. This Fee is a partially refundable only in an event that your loan is declined and no counter offer is made. If the Appraisal Report and Credit Report has been ordered, cost of the Appraisal report and credit report will be deducted prior to refund being made.
Origination or Administration Fee - $1,495.00
Document Signing Fee - varies by County and State
Recording Fee - varies by County and State
Escrow & Title Insurance - varies by County and State
Discount Points range from 0 to 4 depending on the interest rate the borrower chooses.
Closing Costs Guaranteed means that AHC Lending's Origination fee or Administration fees for your loan application will not change between the time your rate is locked and the time you close, assuming the following: The loan amount does not change, the rate and points option you choose does not change, the loan program you applied for does not change, and any stated items on your application, such as your stated income, assets, job history, address history, or any other factor that may affect the underwriting decision of the loan you applied for do not change. Guaranteed Closing cost does not include third party fees. You must qualify and get approved for the loan program offered.
No fees prior to closing means that the company does not charge up-front fees except for a $49 - $600 deposit to cover the cost of Credit report fees, Pre-Approval Fee, Appraisal Fees, or Rate Lock fees. AHC Lending assumes that the borrower has acted in Good Faith when applying for the loan. Origination fee is due to AHC Lending, in company's sole discretion, when the company has determined that the borrower has not acted in Good Faith and fails to close its transaction according to the agreed loan terms and subsequently closes with another lender on the same property.
AHC Lending offers various rate lock-in periods depending on the loan details. In consideration for locking in a rate, AHC Lending may charge a lock-in deposit or credit card pre-approval. AHC Lending may charge upto 1% of the loan amount as advance interest rate commitment fee depending on your rate lock period. There is no charge or cost to lock your rate upto 30 days.
Trademarks and Service marks use on this site are the property of their respectful owners.
Mortgage products and services are distributed by American Heritage Capital, LP. Licensed and regulated by various State and Federal agencies.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OBTAINING A MORTGAGE LOAN
To help us prevent fraud and to assist the govenment in fighting the funding of terrorism and money laundering activities, we are obtaining, verifying, and recording information that identifies each person who obtains a mortgage loan with us. What this means for you: When you obtain a mortgage loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
