Annual Fair Lending Notification

Annual Fair Lending Notification


 

Fair Lending is the law and moral obligation of every individual providing services in our industry. Mortgage Investors Group has adopted the accompanying Fair Lending Statement, which reflects our commitment to the equal treatment of all credit applications.

Mortgage Investors Group policy is to promote the availability of credit on a safe and sound basis to all credit-worthy applicants. We evaluate each credit application on its merits, without regard to the applicant’s race, color, ethnicity, national origin, religion, gender, marital or familial status, sexual orientation, disability, age, or the fact that the applicant receives public assistance or may have exercised rights under the Federal Consumer Credit Protection Act.

Mortgage Investors Group policy of fair treatment and equal opportunity extends to every aspect of the credit transaction. This includes, but is not limited to:

  • Advertising
  • Inquiries, prequalifications and discussions
  • Application taking
  • Pricing
  • Processing
  • Third-party activities, such as appraising properties
  • Underwriting
  • Purchasing
  • Servicing
  • Collecting on delinquent loans
Annual Fair Lending Notification | Mortgage Lending Company

Mortgage Investors Group Fair Lending Statement

Mortgage Investors Group is committed to treating all individuals fairly and equitably in the conduct of its lending businesses in all jurisdictions where it conducts business. This commitment is part of our fundamental mission of providing quality financial services to existing and prospective customers in accordance with all applicable laws. In the United States, this principle is embodied in fair lending laws, such as the Equal Credit Opportunity Act and the Fair Housing Act. These laws require the equitable treatment of all credit applicants, without regard to race, gender, sexual orientation, color, national origin, religion, age, marital status, disability, or other prohibited basis. Denying any person equal access to basic economic opportunities, such as home ownership or credit, is morally repugnant, has no place in our company and will not be tolerated.

Only through the efforts of all of us at Mortgage Investors Group can we ensure that every applicant for credit receives fair and equitable treatment, and that we have helped each member of the communities Mortgage Investors Group serves reach his or her fullest potential.

Annual Fair Lending Notification | Mortgage Lending Company

Mortgage Investors Group, based in Tennessee, offers residential financing in a number of states in the southeast, See MIG Service Areas. Terms and conditions to apply to home financing. We want to share with you the loan terms vary based on several characteristics and your financial profile. These include but are not limited to loan program, loan purpose, occupancy, credit history, credit score, assets, and other criteria per loan type. The repayment terms and interest rate may vary from time to time. The terms represented here are based on certain assumptions outlined below and/or noted on the loan outline page. Additional details concerning privacy, program disclosures, licensing specifics may be found at migonline.com Legal Information.

MIG Loan Officers will help gather the information needed for an individual assessment to provide home financing which matches the loan characteristics with your home financing needs based on your financial profile, when you are ready to begin a full loan application. For estimates and general information before that step, the basis for which the mortgage financing information are as follows:
  • Rates are subject to change at any time.
  • Rate locks are available at current terms for 30 to 180 days based on program type, credit profile, property location, etc. which will affect the available rate and term.
  • Payments will vary based on program selection, current rates, property location, etc.
  • Not all programs are available in all states.
  • Some loan programs may not be available to first time home buyers.
  • Terms and conditions apply, which may include restrictions or limits per loan program.
  • Information is generally based on primary residence occupancy with no cash out when refinancing.
  • Unless otherwise stated, terms shown are estimates based in part on credit score of 700 or higher; owner occupancy, escrow account is established for taxes and insurance(s); debt-to-income ratio no higher than 43.0%; PMI applies to conventional loan programs over 80.0% LTV; VA,FHA & RD require insuring fees included in loan and/or payment; fixed rate, 30 year term.

An MIG Loan Officer is available to help with your financial details to determine which characteristics apply to your situation for a personalized look into which loan program best fits your home financing needs. Please use the Find a Loan Officer link or reach out to Mortgage Investors Group at 800-489-8910. Equal Housing Lender 1.2020