HighTechLending Inc Close on Time Guarantee or get $1,000! *
The HighTechLending Inc Guarantee offers assurance to customers purchasing a home with a HighTechLending Inc home loan that the loan will close on or before the Contract Closing Date (unless otherwise indicated below) or the customer will receive monetary compensation in the form of a check post-closing or $1,000 lender credit applied towards lender closing costs.
Eligibility: To be eligible for the HighTechLending Inc Guarantee, all of the following requirements must be met : (1) Applicant must complete a home loan application with HighTechLending Inc online, by telephone, or face-to-face. (2) Applicant must provide all requested supporting documentation including income/asset documents needed to make a loan decision and signed disclosures. (3) Applicant must provide a fully-executed purchase contract that must include all pages, addendums, and required signatures; and (4) Closing Date: This offer is only available for new, residential first-lien home loan applications submitted directly to HighTechLending Inc . If the customer is obtaining a conventional home loan, the contract closing date must be at least 21 calendar days after receipt by HighTechLending Inc of a completed home loan application, supporting documents, and a fully-executed purchase contract. If the customer is obtaining an FHA-insured or VA-guaranteed home loan, the contract closing date must be at least 30 calendar days after receipt by HighTechLending Inc of a completed home loan application, supporting documents, and a fully-executed purchase contract. (5) For an FHA-insured or VA-guaranteed home loan on a condo, the condo must be FHA or VA (as applicable) approved at the time of submission of the home loan application.
The Contract Date will not be the date used to determine whether a loan closes “on time” in all instances. When a FHA/VA final inspection is required for new construction or specific home repairs, the HighTechLending Inc On Time Guarantee is measured based on whether the closing occurs within 5 business days from receipt of a satisfactory final inspection or satisfactory proof of final repairs as determined by HighTechLending Inc rather than whether the loan closed by the Contract Closing Date. For conventional home loans involving new construction properties that receive an initial appraisal subject to repairs/completion, a final inspection is required. The HighTechLending On Time Guarantee is measured based on whether the closing occurs within 5 business days of receipt of a satisfactory final inspection as determined by HighTechLending Inc rather than whether the loan closed by the Contract Closing Date.
Ineligibility: The HighTechLending Inc Guarantee does not apply in any of the following circumstances: (1) Refinances; (2) Customer/applicant- or seller-initiated changes to the original closing date documented in the purchase agreement; (3) The following customer/applicant- or seller-initiated changes within 10 days of closing: loan amount, product type, contract terms, interest rate or initial rate locks; (4) Closing date extensions due to a delay in completion of new construction, improvements or repairs being made to the subject property; (5) Failure by the customer/applicant or seller to meet contract terms and requirements, including seller-related delays; (6) Transactions involving Consolidation, Extension and Modification Agreements (CEMAs) or loan amounts $900,000 or greater; (7) Delays due to force majeure events, including weather or a natural disaster; (8) Delays caused by third parties other than HighTechLending-required service providers ; (9) Delays due to the customer’s/applicant’s failure to respond to HighTechLending Inc requests within 2 business days; And (10) Delays due to non-arm’s length transactions (a purchase transaction in which a direct personal, financial or business relationship exists among any of the parties to the transaction). HighTechLending Inc reserves the right to amend, terminate or withdraw the HighTechLending Guarantee at any time without prior notice.
You are responsible for any tax liability related to participating in the program. Please consult your personal tax advisor for questions about the impact to personal income tax returns.
All home lending products are subject to credit and property approval. Not all applicants will qualify.