Our Licensed States
M5 Financial is a California corporation founded in 2019 that operates in other states. Below you will find the list of states where we operate
M5 Financial
Equal Housing Lender
NMLS # 2399488
Arizona
License # BK-2001351
California
DRE Real Estate Corporation
License # 02199377
DFPI Finance Lenders Law
License # 60DBO179439
Colorado
Mortgage Company
Regulated by the Colorado Department of Regulatory Agencies (DORA)
Florida
Mortgage Broker License # MBR7222
Hawaii
Mortgage Loan Originator Company License # HI-2399488
Idaho
License # MBL-2082399488
Montana
Broker License # 2399488
Oklahoma
License # ML017082
Oregon
License # 2399488
Tennessee
Mortgage License # 2399488
Texas
NMLS # 2399488
Washington
License # CL-2399488
Additional Disclosures
Oregon Reverse Mortgage Disclosure
At the maturity of a reverse mortgage loan, the lender will have a claim against your property and you or your heir(s) may need to sell the property to repay the loan, or repay the loan from other assets in order to retain the property.
The lender will charge an origination fee, a mortgage insurance premium, closing costs and/or servicing fees, which fees will be added to the loan balance.
The balance of the mortgage loan grows over time as interest is added to the loan balance. As long as you comply with the loan terms, you will retain title to the property until you sell or otherwise transfer the property, and therefore you are responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts may cause the loan to become due and may subject the property to a tax lien or other encumbrance and/or to foreclosure.
Interest on a reverse mortgage is not deductible from your income tax until you repay all or part of the loan.
Before obtaining a reverse mortgage, you should consult a trusted financial adviser or planner. There are government agencies and nonprofit organizations that can give you information about reverse mortgages. You can locate these resources at:
- https://www.consumer.ftc.gov/articles/0192-reverse-mortgages;
- https://www.irs.gov/faqs/other/for-senior-taxpayers/for-senior-taxpayers; and
- https://www.consumerfinance.gov/about-us/blog/consumer-advisory-dont-be-misled-by-reverse-mortgage-advertising
Please note that before you can complete an application for a Federal Housing Administration-insured Home Equity Conversion Mortgage loan, you must undergo counseling with a counseling agency approved by the U.S. Department of Housing and Urban Development (“HUD”). Your loan originator will provide you with a disclosure of available HUD-approved counseling agencies.
Texas: Figure: 7 TAC §56.200(c)
TEXAS RESIDENTS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSED IN TEXAS SHOULD SEND A COMPLETED COMPLAINT FORM TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING (SML): 2601 N. LAMAR BLVD., SUITE 201, AUSTIN, TEXAS 78705; TEL: 1-877-276-5550. INFORMATION AND FORMS ARE AVAILABLE ON SML’S WEBSITE: SML.TEXAS.GOV.