Augusta Financial is licensed by:
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 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)
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 Consumer Loan Company License #CL-241911
Augusta Financial complies with the Equal Credit Opportunity, Fair Housing Acts, and applicable state laws. 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.
Augusta Financial and its employees are committed to treating all individuals equally and fairly in lending transactions across all venues where business is conducted. Augusta Financial is committed to providing equal access to economic opportunities and does not tolerate discriminatory practices or behaviors.
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.
For formal complaints, please direct all correspondence to:
25129 The Old Road, St 350
Santa Clarita, CA 91350
Or email: firstname.lastname@example.org.