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Disclaimer:

This webinar is for educational purposes only and does not constitute legal, financial, or investment advice. The information provided is general in nature and may not apply to your specific situation. Please consult with a qualified financial advisor or mortgage professional before making any financial decisions. The Down Payment Assistance Programs (DPAPs) mentioned in this video may vary by state, county, or municipality. Program availability, terms, and eligibility requirements can change at any time without notice. It is essential to verify the latest program information with your lender or relevant housing authority before proceeding. Pre-approval for a mortgage is not a guarantee of loan approval. Lenders may require additional documentation and verification, which may impact your final approval decision. Interest rates, terms, and conditions will be determined at the time of loan approval and may vary based on your financial situation. The minimum credit score and income requirements discussed in this webinar are only guidelines and may vary depending on the lender, loan program, or DPAP. Individual qualification for mortgages and DPAPs will depend on several factors, including creditworthiness, income, and the lender’s specific criteria. Closing costs and down payment assistance eligibility may vary based on your location, the specific DPAP, and the terms of the mortgage loan. Some DPAPs may cover only a portion of these costs, and you may still be responsible for additional fees and/or expenses. Please consult with your lender to understand the full cost implications. Any tax benefits associated with homeownership or DPAPs mentioned in this webinar are subject to change based on current tax laws and individual circumstances. Please consult a tax professional for specific advice on how homeownership may impact your tax situation. Specific DPAPs, such as those offered by the City of Memphis or national programs like the National Homebuyers Fund or Chenoa Fund, have their own terms and conditions, including repayment obligations and forgiveness requirements. The down payment assistance amount of up to $25,000 is subject to program eligibility and may vary based on factors such as location, income, and loan type. Not all applicants will qualify for the full amount. Program funds might also be limited and may be offered on a first-come, first-served basis. Availability of funds is not guaranteed.

Please ensure you fully understand the terms of any assistance program before proceeding. Any fees associated with loan origination, appraisals, or other third-party services related to the mortgage process will be disclosed by your lender as required by the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). Be sure to review the Loan Estimate and Closing Disclosure for detailed cost breakdowns. Brighton Bank is an Equal Housing Lender. We comply with the Fair Housing Act and all related federal laws, ensuring that all borrowers have equal access to mortgage loans and DPAPs regardless of race, color, religion, national origin, sex, disability, or familial status.