01 / Loan Assumptions & Terms
Rates, APRs, and terms advertised are subject to underwriting approval and may change without notice. All disclosed scenarios below are computed under standard criteria to represent typical loan profiles.
Disclosed rate assumes the purchase of an owner-occupied, single-family residence in California under standard conforming criteria. If loan and borrower parameters differ from these standards, you may still qualify but higher interest rates and closing costs may apply.
* Sample payment does not include escrow amounts for property taxes, homeowners insurance, or special assessments; your actual monthly payment obligation will be higher.
Disclosed rate assumes the purchase of an owner-occupied, single-family residence in California utilizing a discount point structure to buy down the interest rate. If underwriting standards are not fully met, different rates or higher costs may apply.
* Underwriting guidelines apply. Advertised rates and discount point structures are subject to changes based on market yields and capital market conditions.
Disclosed rate assumes a rate-and-term refinance of an owner-occupied, single-family primary residence in California. By refinancing your existing loan, the total finance charges may be higher over the entire life of the mortgage.
* Sample payments reflect principal and interest only. Full escrow accounts for property taxes and home insurance must be established to satisfy rate locks.
Disclosed rate assumes a rate-and-term refinance of an owner-occupied, single-family residence in California with point-based rate buy-down features. Borrowers not meeting standard criteria may still qualify but terms will vary.
* Total refinance costs and points can be rolled into the loan balance, subject to loan size limits and maximum loan-to-value constraints.
Disclosed jumbo rate assumes a rate-and-term refinance of a high-value primary residence in California. Subject to strict debt-to-income (DTI) caps and liquid asset reserve underwriting rules.
* Jumbo financing guidelines are highly sensitive to market fluctuations and require thorough income documentation and verified post-closing cash reserves.
Disclosed rate assumes a jumbo rate-and-term refinance of an owner-occupied single-family home in California using points to secure aggressive rates. Requires complete asset verification.
* Refinancing existing debt under a new loan may extend amortization terms, meaning the lifetime financial interest charges could be higher than keeping your current loan structure.
02 / No Closing Costs Program
Fee Coverage & Responsibilities
Under our "No Closing Costs" program, OptionOne supports our clients by eliminating common upfront expenses. This program applies to conforming loans meeting specific minimum loan sizes.
OptionOne Pays (Third-Party Fees)
- Residential Appraisal Fees
- Consumer Credit Report Fees
- Flood Certification Certification Fees
- Escrow Closing & Setup Fees
- Notary Signing Services
- Title Insurance Policies (Lender's Coverages)
Borrower Remains Responsible For
- Prepaid Interest & Per Diem Adjustments
- Pro-rata Property Taxes & Assessments
- Hazard, Fire, and Homeowners Insurance
- State Transfer Taxes & Mortgage Registry Taxes
- Existing Lender Payoff Fees & Admin Fees
- Optional Discretionary Discount Points
* The minimum loan amount required to participate in the No Closing Costs program is $200,000.
03 / Equal Opportunity & Fair Lending
Equal Housing Lender
We conduct business in strict accordance with the Federal Fair Housing Law (Fair Housing Amendments Act of 1988). It is strictly illegal to discriminate against any person in home financing, advertising, appraisals, sales, or rentals on the basis of:
- Race, Color, or Ancestry
- Religion or Creed
- Sex, Gender, or Sexual Orientation
- Handicap or Physical Disability
- Familial Status (Children in household)
- National Origin
Anyone who believes they have been discriminated against may file a complaint online with the Office of Fair Housing and Equal Opportunity (HUD) at 1-800-669-9777 or via TDD at 1-800-927-9275.
California Fair Lending Notice
Under the Housing Financial Discrimination Act of 1977, it is illegal for financial institutions to discriminate in the availability or terms of financial assistance based on characteristics or trends in geographical neighborhoods, unless required to avoid unsafe business practices.
These regulations protect owner-occupied 1-to-4 unit family residences. If you wish to file a lending complaint or ask questions about your rights, you can contact the California Department of Real Estate regional branches:
- Sacramento Office: 1651 Exposition Blvd.
- Los Angeles Office: 320 W. 4th Street, Suite 350
- San Diego Office: 1350 Front Street, Suite 3064
- Fresno Office: 2550 Mariposa Mall, Suite 3070
- Oakland Office: 1515 Clay Street, Suite 702
04 / Customer Identification Notice
Obtaining a Mortgage Loan (USA PATRIOT Act)
To assist the federal government in fighting terrorist funding and money-laundering operations, federal regulations require all financial institutions to collect, verify, and document identity parameters for every person establishing a lending relationship.
Important Information About Procedures for Opening a Loan:
When you apply for a mortgage loan, we will ask for your legal name, physical residential address, date of birth, Social Security Number, and other identifiers. We may also request physical identification documents, such as a state-issued driver's license, military ID, passport, or corporate entity filings to verify your identity.
05 / Communications Consent
Contact Authorization & TCPA Disclosure
By registering on our application forms, selecting consent checklists, or providing your physical signature, you explicitly authorize and consent to communications with OptionOne Financial and its affiliates, representatives, and service providers.
1. Communication Channels: You agree that we may contact you via multiple automated platforms, including autodialed phone calls, prerecorded audio voicemails, text messages (SMS), ringless voicemail drops, direct emails, and standard mail services.
2. Scope of Contact: This authorization covers inquiries related to your mortgage applications, active loan files, transaction history, loan servicing and account activities, distribution of loan proceeds, or promotional rates and mortgage opportunities.
3. Information Sharing Security: You acknowledge that notifications sent via text or email are accessible to anybody who has access to your devices or email inbox. OptionOne Financial is not liable for unauthorized access or disclosures of such data.
4. Carrier Charges: You remain solely responsible for any telecommunication charges, message limits, text tariffs, or data fees assessed by your mobile or internet carrier during your relationship with us.
5. Revocation of Consent: You may withdraw your consent at any time. To stop receiving mobile text alerts, simply reply "STOP" to any SMS message sent from our servers. To opt out of telephone autodialing or voice messages, you can call us directly at 1-800-671-6204, or write to our compliance office: OptionOne Financial, 2102 Business Center Drive, Irvine, CA 92612.