In the fast-paced world of real estate, timely closings are crucial. Delays can cause stress, financial strain, and missed opportunities. That's why Prosperity Home Mortgage is excited to introduce the $30,000 On-Time Closing Guarantee, a standout feature of our CompetitivEdge℠ program. This guarantee is designed to instill unparalleled confidence and assurance in home buyers, sellers, and real estate agents alike.
What is the $30,000 On-Time Closing Guarantee1?
Our $30,000 On-Time Closing Guarantee is a bold promise that your loan will close on the scheduled date. If it doesn't, Prosperity Home Mortgage will pay $15,000 to the seller and $15,000 to the real estate brokerage involved. This guarantee highlights our commitment to reliability and excellence in the home buying process.
Why This Matters for Home Buyers
As a home buyer, our $30,000 On-Time Closing Guarantee is a game-changer. Here’s how it benefits you:
• Enhanced Negotiation Power: Your offer will stand out in competitive markets, positioning you as a serious and reliable buyer.
• Reduced Stress: The assurance of an on-time closing eliminates the anxiety associated with potential delays, making your transition to a new home smoother.
• Financial Security: Avoiding delays helps you manage your finances better, preventing unexpected costs such as additional rent or storage fees.
Why This Matters for Home Sellers
For sellers, time is of the essence. Delays can disrupt plans, especially if they are purchasing another home simultaneously. The $30,000 On-Time Closing Guarantee offers sellers the confidence that the transaction will proceed as scheduled, or they will be compensated for the inconvenience. Benefits for sellers include:
• Increased Confidence: Knowing the buyer’s lender guarantees the closing date makes sellers more likely to accept your offer over others.
• Financial Assurance: The $15,000 compensation helps mitigate any financial disruptions caused by delays, such as additional mortgage payments or holding costs.
• Smooth Transition: Sellers can plan their next steps with certainty, reducing the risk of complications in their moving timeline.
Why This Matters for Real Estate Agents
For real estate agents, the $30,000 On-Time Closing Guarantee is a powerful tool to offer clients. It enhances your professional credibility and ensures a smoother, more predictable transaction process. Here’s how this feature impacts agents:
• Client Trust: Offering a guaranteed on-time closing builds trust with your clients, showcasing your commitment to their needs and timelines.
• Financial Assurance for Brokerages: Knowing that Prosperity Home Mortgage will pay $15,000 to the listing brokerage if the loan doesn't close as scheduled provides a substantial financial safety net. This assurance can help cover any unexpected costs or financial inconveniences resulting from the delay.
• Streamlined Transactions: Fewer delays mean fewer complications, allowing you to focus on providing exceptional service rather than troubleshooting issues.
• Competitive Edge: Promoting a program with such a strong guarantee sets you apart from other agents, attracting more clients who value reliability and efficiency.
• Enhanced Professional Credibility: By aligning with a lender that offers this level of commitment, you enhance your reputation as an agent who goes above and beyond to ensure successful transactions.
Why Choose Prosperity Home Mortgage?
At Prosperity Home Mortgage, we believe in setting new standards for excellence in the real estate industry. Our $30,000 On-Time Closing Guarantee is a testament to our dedication to providing the best possible experience for all parties involved in a real estate transaction. With our national reach and local expertise, we are committed to guiding you every step of the way, ensuring a seamless and confident home buying journey.
Ready to experience the reliability and excellence of our CompetitivEdge℠ program? Contact us today to learn more about how the $30,000 On-Time Closing Guarantee can benefit you or your clients. Let's make your home buying journey smooth and stress-free.
1. Some restrictions may apply. The Closing Guarantee is only available on HomeSURE Advantage-designated, conventional, FHA and VA loans with a valid Commitment Letter issued by Prosperity Home Mortgage, LLC (“Prosperity”), in writing prior to execution of fully ratified sales contract. Some jumbo loan programs may be eligible at the sole discretion of Prosperity. Brokered jumbo loans are NOT eligible, and any jumbo loan programs requiring investor preapproval are NOT eligible. The Closing Guarantee is NOT available on renovation loan products, loans for the purchase of cooperative housing units, or loans involving any sort or type of bond, grant, down payment assistance, mortgage credit certificate, or any other non-profit, municipal, or housing authority program. For conventional loans, FHA loans, and VA loans, an acceptable appraisal must be received and approved by Prosperity at least ten (10) business days prior to closing or loan is not eligible for Closing Guarantee. The Commitment Agreement has an expiration date, which, solely for purposes of eligibility for the Closing Guarantee, may not be extended. The loan must close on or before the expiration date contained in the initial Commitment Agreement issued by Prosperity. Subject to acceptable appraisal of property value at or above contract sales price. The Closing Guarantee is subject to the satisfaction by the Borrower(s) of all loan conditions identified in the Commitment Agreement at least three (3) business days prior to closing or as otherwise determined by Prosperity in its sole discretion. The Closing Guarantee is not valid if either Borrower(s) or Seller terminate the purchase contract, extend the settlement date, or otherwise choose not to consummate the transaction for any reason whatsoever. The Closing Guarantee is invalid if there is a substantial change in the Borrower’s financial condition or to the terms of either the loan, loan product, loan type, or the purchase contract between Borrower(s) and Seller. The Closing Guarantee is void in the event closing is delayed or cancelled as a direct result of an unforeseen disruption of service; an act of God; a national,state, or local emergency; pandemic; natural disaster; or other public health declaration. This offer is void where prohibited and is non-transferable, subject to the terms herein, and valid on all complete applications received onor before 12/31/2024. The Closing Guarantee is limited solely to the transaction and subject property identified herein.
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