Loan Options & Anti-Steering Disclosure

Choosing the Loan That Is Right for You

We want you to have the information you need to make an informed decision about your mortgage.

Federal law prohibits a Loan Originator from directing or “steering” you to a particular loan because the Loan Originator would receive more compensation from that loan than from another loan option you were offered or could have been offered, unless the loan you choose is in your best interest.

What Does “Steering” Mean?

“Steering” means advising, counseling, or otherwise influencing you to choose a particular loan. Your Loan Originator may discuss different loan options with you based on your financial situation, your needs, your preferences, and the loan programs for which you are likely to qualify. LegacyFirst Mortgage prohibits its Loan Originators from steering consumers to a loan based on compensation.

When applicable, LegacyFirst Mortgage will compare your selected loan with other loan options available through LegacyFirst Mortgage or lenders with whom LegacyFirst Mortgage regularly does business and for which you are likely to qualify.

The number of loan options available to you may vary. You may not receive three options if, for example:

• You requested a specific loan product;
• There are limited loan products available for your circumstances;
• Your Loan Originator determines in good faith that you are unlikely to qualify for other loan options; or
• Other loan options are not available through lenders with whom LegacyFirst Mortgage regularly does business.

Loan Options Available Through LegacyFirst Mortgage

LegacyFirst Mortgage offers a variety of mortgage loan programs. The options available to you will depend on your financial situation, the property, your loan purpose, and the loan programs for which you qualify.

LegacyFirst Mortgage offers Conventional, Texas Home Equity, Jumbo/Non-Conforming, FHA, USDA, and VA mortgage loans. These loans may have terms ranging from 10 to 30 years and may have either fixed or adjustable interest rates.

Some LegacyFirst Mortgage loan products may include a prepayment penalty or other features that may affect the cost or flexibility of the loan. If a loan you are considering includes a prepayment penalty or other special feature, the applicable terms will be disclosed to you as required by law.

LegacyFirst Mortgage does not offer every type of mortgage product or feature available in the marketplace. For example, LegacyFirst Mortgage does not currently offer Reverse Mortgages.

A company other than LegacyFirst Mortgage will disclose, close, and service the loan.

Comparing Your Loan Options

When required or appropriate, LegacyFirst Mortgage obtains loan options from lenders with whom we regularly do business. Depending on the type of loan you are seeking, the options presented may include loans with:

• A low or lowest available interest rate;
• A low or lowest available total loan cost;
• Favorable loan terms; and
• Other features that may be important when comparing loans.

When comparing loan options, interest rates and fees are important, but they are not the only factors to consider. You may also want to consider:

• Whether the interest rate is fixed or adjustable;
• The length of the loan;
• Whether the loan has a prepayment penalty or other special features;
• The total cost of the loan;
• The amount of your monthly payment;
• How quickly the lender typically processes and closes loans;
• The lender’s customer service and support; and
• Other terms or features that may be important to you.

Your Loan Originator can explain the available options and help you understand the differences between them. You are ultimately responsible for deciding which loan best meets your needs.

Your Loan Selection

After reviewing the loan options presented to you, you may choose the loan that you believe best meets your needs and financial circumstances.