Credit Karma - Agora Lending

CURRENT RATES	RATE		APR
30-yr Fixed	2.625	%	2.69	%
15-yr Fixed	2.125	%	2.23	%
Jumbo 30-yr Fixed	6.125	%	6.22	%

Assumptions

30 Year Fixed – First Mortgage

Disclosed rate assumes a minimum $300,000 rate and term refinance loan on an owner-occupied single family residence, minimum 740 FICO credit score, 60% loan to value with no subordinate debt. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. Rates and terms are subject to change without notice. Information is for advertisement purpose only.

15 Year Fixed – First Mortgage

Disclosed rate assumes a minimum $300,000 rate and term refinance loan on an owner-occupied single family residence, minimum 740 FICO credit score, 60% loan to value with no subordinate debt. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. Rates and terms are subject to change without notice. Information is for advertisement purpose only.

Refinance

By refinancing your current mortgage loan, your total finance charges may be higher over the life of the loan.

Equal Housing 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), or send to:

Office of Fair Housing and Equal Opportunity
Department of Housing and Urban Development
Room 5204
451 Seventh St. SW
Washington, DC 20410-2000

Or online: http://portal.hud.gov/hudportal/HUD?src=/program_offices/fair_housing_equal_opp/online-complaint

Fair Lending Policy

It is our policy to comply with the Equal Credit Opportunity Act and the Fair Housing Act. In addition, it is our policy to comply with state laws that provide greater protection. Agora Lending does not discriminate against any applicant on the basis of race; color; religion; creed; national origin; ancestry; 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; physical condition; military status; because the applicant has in good faith exercised any right under the Consumer Credit Protection Act or the Service members Civil Relief Act (SCRA); that all or part of a consumer’s income derives from a public assistance program; or any other basis prohibited by law.

At Agora Lending, we do not discriminate against any applicant or discourage anyone on a prohibited basis from submitting an application. To assure that our employees have a clear and unequivocal statement of our commitment to a nondiscriminatory method of doing business, we have adopted the following fair lending policy. Employees must be thoroughly familiar with this policy and follow it.

We do not discriminate against a loan applicant or borrower on the basis of race, color, religion, national origin, sexual orientation, handicap, age, the fact that all or part of an applicant’s income comes from any public assistance program or because the applicant has exercised any right under any relevant state or federal law.
We do not selectively encourage applicants and we take no action that would, on a prohibited basis, discourage a reasonable person from applying for a mortgage loan.
We do not, on a prohibited basis, refuse to make a loan, vary the terms offered including the amount, interest rate, period or type of loan, or use different standards to evaluate collateral or decide whether to extend credit.
We avoid practices or policies that have a discriminatory effect. This rule applies to all phases of our mortgage lending business. It applies even though we do not intend the policy or practice to be discriminatory and even if the policy or practice appears to be neutral.
We have adopted nondiscriminatory loan underwriting standards that avoid subjective, unwritten rules that can have a discriminatory effect. We make these underwriting standards public upon request at each of our offices.
We make sure that our scoring system is empirically derived and statistically sound and uses no prohibited basis other than age as a predictive factor.
We train our loan personnel in the principles of fair processing and underwriting.
Our Quality Control Manager regularly reviews both our loan underwriting standards and the business practices by which we implement them to determine whether they ensure equal lending opportunity and reports to management.
We periodically review our loan portfolio and applications to make sure that we are serving the community adequately and on a nondiscriminatory basis in light of the community’s demographic characteristics and credit demands.
We conspicuously display the poster in a public area of each of our facilities stating that we are ascribing to the Equal Housing Act. Additionally, on all forms of advertisements, regardless of media, we include the Equal Housing Opportunity logo and/or the Equal Housing Opportunity slogan.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OBTAINING A MORTGAGE LOAN

To help us prevent fraud and to assist the government in fighting the funding of terrorism and money laundering activities, we are obtaining, verifying, and recording information that identifies each person who applies for and/or obtains a mortgage loan. What this means for you: When you apply for and/or 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.

Terms and Conditions

I have read and agree to the Terms of Use and Privacy Policy. I understand that by providing my information to Agora Lending, I expressly authorize Agora Lending to use the information I have provided to communicate with me about products, services and programs. This includes Agora Lending’s use of my information for future marketing purposes, such as determining my eligibility for new products, services or programs offered by Agora Lending or one of its marketing partners.

By clicking “GET STARTED”, I authorize Agora Lending to call or text me at any phone number I provide during this online session even if Agora Lending use an autodialer to call or text me. If the phone number I provide is registered to a mobile device, I understand mobile carrier’s charges may apply. I agree and authorize Agora Lending to contact me at the email address I provide. I understand that I can revoke my agreement or opt-out to receive marketing emails at any time.

To change my communication preferences, I understand that I may contact Agora Lending by email at support@agoralending.com or by phone at (800) 332-4594.

30-yr Fixed

This Annual Percentage Rate (APR) is a sample rate based on the following assumptions: $400,000.00 loan amount, 30 year fixed rate at 2.625% and a 60% loan-to-value (LTV) with a payment of $1,606.60 with 0.03 points, and a FICO score of 740. This sample rate is for a purchase conforming fixed rate loan for a single family residence, primary residence, no subordinate financing.

15-yr Fixed

This Annual Percentage Rate (APR) is a sample rate based on the following assumptions: $400,000.00 loan amount, 15 year fixed rate at 2.125% and a 60% loan-to-value (LTV) with a payment of $2,597.12 with 0.00 points, and a FICO score of 740. This sample rate is for a purchase conforming fixed rate loan for a single family residence, primary residence, no subordinate financing.

Jumbo 30-yr Fixed

This Annual Percentage Rate (APR) is a sample rate based on the following assumptions: $500,000.00, 30 year fixed rate starting at 6.125% and a 60% loan-to-value (LTV) with a payment of $3,038.05 with 0.03 points, and a FICO score of 740. This sample rate is for a purchase jumbo fixed rate loan for a single family residence, primary residence, no subordinate financing.

Not all programs are available in all areas. Program restrictions apply. All rights reserved.
Payment does not include taxes and insurance premiums, which will result in higher payments.
This is not an offer for extension of credit or a commitment to lend.
All loans are subject to approval and may be subject to change depending on your circumstances.
Interest rates, loan terms, pricing, fees, and products are subject to change without notice.
Formal credit approval of the offer will be subject to underwriting approval, including but not limited to, financial and non-financial information, satisfactory verification of income, assets, credit, collateral, property condition and value. By refinancing your existing loan, the total finance charges may be higher over the life of the loan. Due to changing market conditions, clients currently in process may not qualify for this offer. Rates, annual percentage rates (APR) and terms subject to change at any time, based on market conditions and borrower eligibility and may not be available at closing.
The information you provide to Agora Lending, a division of One American Bank will be used solely for marketing purposes in accordance with federal and state lending guidelines.

Michigan Credit Granting Criteria

Credit-Granting-Criteria-Agora-7.12.18-