Close On Time Guarantee 

Here at The Mortgage Firm we understand how competitive the market can be. Competing against multiple offers, including cash can pose as a challenge to many future homeowners. That is why we strive for excellence by getting our buyers conditionally approved prior to placing an offer. We believe in our team so much that we offer a $5000 Close On Time Guarantee to the sellers of the home our clients are purchasing. This means that if for any reason we don't close on time (due to errors on our lack of due diligence) the sellers will receive $400 per day up to $5000, or equal to the total amount of the first mortgage payment (Which ever is less).  This is just another way that we like to thank our referral partners, and clients alike. After all teamwork makes the dream work, and we have full faith in our process. 

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Terms and Conditions:

  • Guaranteed Closing applies to Texas & California purchase transactions for conforming loans, and VA loans as a duty to our service members.

  • Guaranteed Closing does not apply to bond, jumbo, and other investor loans.

  • Once the borrower indicates an intent to proceed and signs loan disclosures, the Guaranteed Closing program begins, and a Guarantee Date is agreed upon between The Mortgage Firm and the borrower. The Guarantee Date may not be amended unless agreed to by a representative of TMF. 

  • Borrower agrees to provide any requested information within 24 hours of the request. 

  • TMF is not liable for delays caused by events beyond the control of TMF, including but not limited to, delays caused by the borrower or third parties.

  • Guaranteed Closing requires that a property appraisal be complete at least seven calendar days prior to closing; all underwriting conditions must be satisfied at least eight business days prior to closing. 

  • Guaranteed Closing will not be enforceable if any part of the loan application or requested documentation is fraudulent, misleading, or contains false misrepresentation.

  • Guaranteed Closing is not enforceable if the borrower has not satisfied all underwriting conditions, investor requirements, or general loan conditions prior to the Guarantee Date and does not close.

If all foregoing conditions are satisfied and the loan doesn't close by the Guarantee Date, then The Mortgage Firm will provide to the borrower, a credit of up to $400 per day to the consumer, at the time of closing, to be applied to the borrower's first mortgage payment after closing. The maximum credit under Guaranteed Closing is $5,000 or the borrower's first mortgage payment, whichever is less.  

This can be transferred to the seller and would be paid within 30 days of the closing.

This is not a commitment to lend; all promotions are subject to change or cancelation without notice.

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14425 Falcon Head Blvd., Bldg E,
Suite 133 | Austin, TX 78738
© 2021 Powered By The Mortgage Firm.
All Rights Reserved.
NMLS #189233. Equal Housing Lender.  

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