When will I receive a billing statement for my first payment due?

Billing statements are mailed on the 17th of the month prior to the payment due date. If your first payment is due Element Home Loans, Linthicum Servicing Center, you will receive a billing statement by the 25th of the month prior to your payment due date. You will also be notified via an email at least 7 days prior to your upcoming payment due.

If your loan is transferred prior to the first payment due date and there is no payment due Element, you will receive a servicing transfer notice with the new servicer information and an effective date of transfer. You should send any payments due on or after the effective date of transfer to the new servicer.

These blogs are for informational purposes only. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. Should you have any questions about the information provided, please contact us.