Dallas, TX – (June 16, 2022) – National home lender, PrimeLending®, a PlainsCapital Company, is offering borrowers a “Close On Time Guarantee” in which the company will pay the home seller $5,000 if the mortgage loan doesn’t close as scheduled1.
This limited-time offer is intended to help homebuyers’ offers get more consideration from sellers in the current residential real estate market featuring historically low inventory of available homes. According to the National Association of Realtors®, in April 2022 the country had just a 2.2-month supply of existing housing considerably less than an inventory level of six months, which is considered balanced between buyers and sellers.
“Our customers are looking for any advantage to help their offers stand out to sellers,” said Tim Elkins, Chief Production Officer at PrimeLending. “By guaranteeing an on time closing, we’re strengthening our customers’ buying power by giving sellers greater peace of mind that the deal will close when expected. That’s a substantial value in this competitive market.”
The “Close On Time Guarantee” is part of PrimeLending’s Buyer’s AdvantEDGE2 conditional approval program that not only assures sellers that PrimeLending customers are making reliable offers, but helps these customers move through the mortgage process quicker and with more confidence.
“We’re able to offer this guarantee thanks to the high-level of confidence we have in our streamlined processes and world-class team,” said Elkins. “For more than 35 years, we’ve been perfecting the mortgage process, and our 97% customer satisfaction rating3 confirms we’re on the right track.”
PrimeLending offers the best of both worlds to homebuyers — step-by-step guidance from an expert loan officer, and digital convenience that eliminates most of the paperwork from the mortgage process. With more than 1,250 loan officers located throughout the country, PrimeLending specializes in offering local mortgage expertise and personalized service to borrowers. In addition, PrimeLending’s acclaimed digital mortgage experience allows borrowers to apply online, get preapproved for a mortgage, securely upload personal financial documents, track loan progress, pay fees, and ask questions at any point in the process.
PrimeLending, a PlainsCapital Company, is a national home lender combining personal guidance and local expertise with fast service, more choices, and the flexibility to meet homeowners’ unique needs. PrimeLending is focused on empowering our customers to boldly pursue their homeownership goals, whether they’re looking to buy, refinance, or renovate a home. The PrimeLending team works alongside our customers in all 50 states, helping them make home financing decisions and have a rewarding experience along the way. Delivering on this promise for more than 35 years, we’re proud to consistently earn a 97% customer satisfaction rating3.
PrimeLending is a wholly owned subsidiary of PlainsCapital Bank, which in turn is a wholly owned subsidiary of Hilltop Holdings Inc. (NYSE: HTH). More information at PrimeLending.com. Equal Housing Lender.
All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company. Equal Housing Lender.
© 2022 PrimeLending, a PlainsCapital Company (PrimeLending). (NMLS: 13649).
1Receipt of executed sales contract for property required to guaranty closing by later of closing date or 21 days. Requirements: single family primary residence, FHA or Conventional purchase loan, unexpired Buyer’s AdvantEDGE approval at time of closing, timely satisfaction of inspection/appraisal conditions. Voided by changes in sales contract, loan program, or borrower’s credit, borrower/seller delays, fraud, legal restrictions, or unforeseen circumstances. $5,000 liability limit. Excludes refinance, VA, bond, down payment assistance, brokered out, condos, jumbo, USDA, and unique properties. For full details visit www.primelending.com/buyersadvantedge.
2All loans subject to credit approval and identification of acceptable property. Conditions and restrictions may apply.
3Survey administered and managed by an independent third party following loan closing. 97% satisfaction rating refers to the average rating our customers have given our loan officers for the period 01/01/21-12/31/21.