Cash Offer

Program

The program has no hidden costs or added fees. The Cash Offer program costs the same as a traditional mortgage, so
long as you use this lender as your lender, and their mortgage rates are typically in-line with what you would see from
other local lenders.

It depends on how quickly you are able to provide the requested documentation for your upfront underwrite. The
lender can complete the underwrite in a few days after they have the loan application and all supporting documents.
Once you’re fully cash approved, we can close on your home in as few as 10 days after offer acceptance. The
refinance of your short-term cash loan into a long-term mortgage takes 20-30 days on average.

Yes. In most cases, an appraisal is required. The appraisal occurs after your short-term cash loan closes, but before
the refinance of the short-term cash loan into a long-term mortgage. This is to protect you from appraisal gap risk
while removing the appraisal contingency on your offer.

The lender provides you with a short-term Cash Loan at the same interest rate as your mortgage, which you combine
with your own down payment to purchase your home. You will receive loan disclosures for both your
short-term cash loan and your mortgage once you’re under contract with the seller.

Cash Offer is a great fit for a variety of buyers — they're able to approve up to $3.3 million loan amounts. However,
they are currently unable to work with clients who require a VA or USDA loan.