Terms of use

Browsing rates, running the calculator, or generating a letter does not create a broker-client relationship and is not an application for credit.

Output from calculators, comparisons, letters, and Forma AI is an estimate based on what you enter and on published guidelines. It may be wrong. You are responsible for what you submit to a lender and for reading the Loan Estimate and Closing Disclosure yourself. Forma AI is software, not a licensed mortgage loan originator, not a lender, and not your agent. Its checks are informational and are not an underwriting decision. Only a lender can approve a loan.

Keep your password and authenticator to yourself and tell us at hello@formamortgage.net if you think someone else has them. You are responsible for activity under your account until you tell us. We may suspend an account that is used to break the law, to probe the service, or to submit information you do not have the right to submit.

You keep ownership of documents you upload. You give us permission to store, encrypt, display to you and to staff who are allowed to see that file, and run automated checks on them, only to provide the service. Do not upload a document you are not allowed to share. Do not upload a document containing someone else's information unless you are applying together and they know.

Do not attempt to access another person's file, bypass a security control, overload the service, or use the site to mislead a seller, an agent, or a lender about your qualifications. A letter generated here states only what you typed; presenting it as a lender's approval is a misuse of the site and may violate the law.

The site is provided as is. To the extent the law allows, we disclaim warranties of accuracy, availability, and fitness for a particular loan, and we are not liable for decisions you or a third party make based on estimates the site produced. We do not limit liability for our own fraud, or for anything the law does not allow us to limit.

These terms are governed by the laws of the United States and, where state law applies, the state where Forma Mortgage maintains its principal office. You may bring an eligible claim in small claims court. Nothing here limits your right to complain to a regulator, including the Consumer Financial Protection Bureau and your state's mortgage regulator.

If we change these terms we will post the new version with a new date and version number. Continued use after the change means you accept the new version. For an account that holds a loan file, we will also email the change.