STRENGTHEN YOUR OFFER
Leverage your buying power in today’s competitive market with Buyer’s AdvantEDGE from PrimeLending. Your Buyer’s AdvantEDGE approval letter gives you the power of a cash buyer because your offer is backed by an approved1 loan. With it, you may receive an Appraisal Waiver2, meaning your loan could be approved without the need for a full home appraisal. We can make your offer even more appealing with our Close On Time Guarantee3. If your loan doesn’t close on time, WE will pay the seller $5,000.
Buyer's AdvantEDGE Approval 1
Appraisal Waiver 2
Close On Time Guarantee 3
CLOSE ON TIME GUARANTEE PROGRAM TERMS AND CONDITIONS
PrimeLending, A PlainsCapital Company (“Lender”) offers a Close on Time Guarantee for the mortgage to the BuyersAdvantEDGE Borrower for the specific property and per the specific terms outlined in their official approval letter.
Lender guarantees to close Subject Loan within 21 days of its receipt of the valid sales contract or Settlement Date therein, whichever is later, subject to the terms and conditions set forth herein. Should Lender not meet the terms of this Guarantee, Lender shall pay the Seller identified in the sales contract $5,000 (Five-thousand dollars) upon written request by the Seller, verification that the terms and conditions were satisfied, and Seller’s providing necessary W-9 information such that Lender may process the payment.
What triggers the starting of the clock?
Conditions & Restrictions
Exclusions: The following are excluded from the Guarantee Program: Refinance, VA, Bond, Down payment assistance programs, Renovation or Construction loans, loans with Escrow Holdbacks, Brokered Out loans, unapproved condo projects, Jumbo loans, USDA, investment and unique properties (e.g. earth berms, manufactured homes).