AAFMAA Mortgage Services LLC (AMS), 2000 Regency Parkway, Suite 140, Cary, NC 27518, Equal Housing Lender, NMLS ID # 1423968 (www.nmlsconsumeraccess.org). VA approved lender # 668521-00-00; not endorsed or sponsored by the Dept. of Veterans Affairs (VA) or any government agency. All loans subject to credit approval. This is not a commitment to lend. Our Military Mortgage Advisors are licensed Mortgage Loan Originators, also known as Loan Officers. See a complete list of licenses and disclosures at YourMilitaryMortgage.com or call 844-422-3622. Refinancing your existing mortgage may increase the finance charges you pay over the life of the loan.

AAFMAA Mortgage Services LLC (AMS) is a licensed lender and/or broker in these states: Alabama 22416, Arizona Department of Financial Institutions, Mortgage Banker License 1019264, California Licensed by Department of Financial Protection and Innovation, DFPI Financing Law License 60DBO97872, Colorado, Regulated by the Division of Real Estate, License No. 1423968, Florida MLD1376, Georgia 56946, Indiana – DFI Mortgage Lending License No. 68052, Kentucky MC401802, Maryland 1423968, North Carolina L-167411, South Carolina, Tennessee 135339, Texas, Lender and Broker in Virginia MC-6685, and Washington Consumer Loan Company License No. CL-1423968.

IN TEXAS:

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH 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 WEBSITE AT WWW.SML.TEXAS.GOV.

LOAN EXAMPLES:

The stated rate may change or may not be available at the time of loan commitment or lock-in. Your actual interest rate, APR, and closing costs may vary based on the loan product, your application and qualifications, and based on applicable closing costs and fees for where the property is located.

VA IRRRL EXAMPLE: As of November 21, 2024, based on an average size VA IRRRL loan amount financed of $301,515 at a fixed interest rate of 6.00% with a VA Funding Fee of 0.50% ($1,515), 1.0% discount points ($3,000), a $1,149.00 commitment or administrative fee, and closing costs (not including points) of 1.14% ($3,431.00) on a 30-year mortgage. Total costs and fees = $8,890.21 (not including prepaids/escrows), monthly principal and interest payment = $1,807.73 for 360 months, total of payments = $650,782.80, total interest paid including points = $352,267.80 and the annual percentage rate (APR) = 6.182%.

NO FEE REFI EXAMPLE: As of January 16, 2024, with the “No Fee Refi in the Future” promotion, rates and fees for a VA Home Loan with a 30-year term, $300,000 loan amount, credit score ≥ 680, loan-to-value (LTV) = 95%, single-family primary residence in the state of North Carolina were 6.125% with 0.226% discount points ($678), 1.36% closing costs ($4,080), $1,149 administrative fee, 1.65% VA Funding Fee ($4,950), assuming 1st use and 5%+ equity in home. Total costs and fees = $10,857.00 (not including prepaids/escrows). Monthly payment is $1,852.91 (principal and interest only) assuming all costs and fees are included in the principal amount financed = $304,950. Payment does not include taxes or insurance premiums. Total of payments = $667,047.60 over 30 years. Total interest expense (including points) = $362,097.60 over 30 years and APR = 6.348%.

VA HOME LOAN EXAMPLE: As of January 16, 2024, based on an average size VA Home Loan mortgage of $300,000 in the state of NC at a fixed interest rate of 6.000%, 0.226% discount points ($678.00), a $1,149 commitment or administrative fee, and closing costs of 1.46% ($4,393) on a 30-year mortgage. Total costs and fees = $6,220.00, monthly principal and interest payment = $1,798.65 for 360 months, total amount financed = $300,000, total of payments = $647,514.00, total interest expense over life of the loan = $347,514.00 and the annual percentage rate (APR) = 6.225%. Assumes the qualifying military homeowner is eligible to have the VA Funding Fee waived. This also assumes all $6,220.00 costs and fees are included in the $300,000 amount financed, with $293,780.00 going toward the purchase price of the home at 100% loan-to-value (LTV).

VA CASH-OUT REFI EXAMPLE: As of January 16, 2024, based on an average size VA Cash-out Refinance* mortgage of $300,000 at a fixed interest rate of 6.125%, 0.226% discount points ($678), a $1,149 commitment or administrative fee, and closing costs of 1.36% ($4,080) on a 30-year mortgage. Total costs and fees = $5,907, monthly principal and interest payment = $1,822.83 for 360 months, total amount financed = $300,000, total of payments = $656,218.80, total interest expense = $356,218.80 and the annual percentage rate (APR) = 6.348%. Assumes the qualifying military homeowner is eligible to have the VA Funding Fee waived. This also assumes all $5,907 costs and fees are included in the $300,000 amount financed, with an existing mortgage pay-off of $244,093 and $50,000 cash back to the borrower(s).

Using a VA Cash-out Refinance to consolidate debt increases your mortgage debt, reduces equity, and extends the term on shorter-term debt and secures such debts with your home. The relative benefits you receive from debt consolidation will vary depending on your individual circumstances. Debt consolidation may increase the total number of monthly payments and the total amount paid over the term of the loan. To enjoy the benefits of debt consolidation, you should not carry new credit card or high interest rate debt. By refinancing your existing mortgage, your total finance charges may be higher over the life of the loan.

PROMOTIONS:

VA JUMBO LOAN PROMOTION: AAFMAA Mortgage Services LLC (AMS) will provide a $2,500 lender credit on a VA jumbo/high balance mortgage closed and funded with AAFMAA Mortgage Services LLC on or before 07/31/2025. This offer cannot be combined with any other offer.

NO FEE REFI IN THE FUTURE PROMOTION: AAFMAA Mortgage Services LLC (AMS) will waive its lender fees when you refinance the AMS mortgage you used to purchase your home. This equates to a value of $1,500.00 (AMS will waive its standard $1,149.00 admin fee, plus provide a lender credit = $351.00). Other costs and fees may still apply, for example, a cash-out refinance would require an appraisal fee plus title insurance, applicable taxes and filing fees, and other closing costs. If you are eligible for a VA IRRRL (streamline refinance), then the appraisal may not be required. This offer is valid if you obtain your purchase mortgage through AMS on or before 07/31/25 and then refinance that mortgage within two years of the closing date of your home purchase.

SECOND OPINION OFFER: If you already are working with another lender, and contact AAFMAA Mortgage Services LLC (AMS) for a second opinion, we will give you a $100 Amazon Gift Card when you submit a complete mortgage application, and consent to pull credit to evaluate your situation. Then AMS will provide you with potential mortgage options including interest rates and estimated costs/fees. You are not obligated to get a mortgage with AMS. All loans are subject to credit and underwriting approval. This offer is valid on applications submitted on or before 07/31/25.

DISCONTINUED PROMOTIONS:

BETTER RATES, INFLATION BUSTER PROMOTION: If you have already applied with another lender, show us a valid Loan Estimate (LE) that they are required to provide to you and we will try to beat it by at least a half of a percent (50 basis points better on a combination of the interest rate and origination/discounts points).

Contact AAFMAA Mortgage Services LLC (AMS) for current rates and a complete loan estimate. Your actual rate, payment, and fees/costs may vary based on your credit, assets, property type, loan-to-value, VA eligibility, mortgage product, term, and other factors. As of October 21, 2022, with the “Better Rates, Inflation Buster” promotion, rates and fees for a VA Home Loan with a 30-year term, $300,000 loan amount, credit score ≥ 680, loan-to-value (LTV) = 95%, single-family primary residence in the state of North Carolina were 5.750% with 1.25% discount points ($3,750), 1.36% closing costs ($4,080), $1,149 administrative fee, 1.65% VA Funding Fee, assuming 1st use and 5% down ($4,950), and an APR of 6.172%. Total costs = $13,929. Monthly payment is $1,832.00 (principal and interest only) assuming all costs and fees are included in principal amount financed = $313,929. Payment does not include taxes or insurance premiums. Total of payments = $659,520 over 30 years. Interest paid over the entire life of the loan = $345,591.

FHA LOAN SPECIAL PRICING PROMOTION: This special pricing promotion is for a limited time only for FHA Loans. Must apply by 11/7/22 and close the loan by 12/1/22. Half percent is taken off standard interest rate pricing at the time the borrower applies and locks-in the rate. For example, if today’s interest rate = 6.50%, then the borrower may qualify for 6.00%. Interest rates vary daily based on market conditions and other factors such as credit score and other parameters. The borrower may choose the “½ percent off interest rate” offer or the “2% towards closing costs” offer. These cannot be combined. The 2% off closing costs equals the $ amount financed multiplied by 0.02. For example, on a $300,000 FHA Loan amount, AMS will contribute $6,000 toward closing costs. Example is based on a loan amount $300K loan amount with a fixed interest rate of 6.00% for 30 years, 96.5% loan-to-value (LTV), borrower FICO = 620, total estimated closing costs = $11,791.45 with monthly payment of $2,001.15, total of payments = $724,014.57 with interest paid of $347,514.00 over the 30-year period. Total closing costs include an FHA upfront Mortgage Insurance Premium (MIP) = $5,250.00 and monthly MIP of $212.50 is included in the monthly payment shown above.