GET YOUR OFFER ACCEPTED!
By participating in our 21-DAY GUARANTEED CLOSING.
We will close your loan in 21 DAYS or less or
we WILL PAY THE SELLER $125 A DAY
for every day after the 21 days. (Up to $1000 Cashback)
Town Square Mortgage understands that this is a sellers’ market and we want to help our agents and buyers make their offers more appealing to the sellers by working hard guaranteeing them a FULLY qualified buyer as well as a speedy closing. Our program will provide you a letter to submit with your offer that lets the seller know that we are willing to put our money where our mouth is and PAY the seller if we miss our closing date.
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*Eligibility requires borrower to have a Fast Track approval prior to contract execution. Available only for FHA and Conventional purchase transactions. Excludes all USDA, Bond, Broker, DPA, & Jumbo Products and loans with second liens. 21 Calendar days excludes national holidays. No changes in the Purchase contract after submission of conditions for clear to close; seller cooperates with scheduling the closing and appraisal inspection without any delays and appraisal is at value and not subject to repairs. No condos, rural or unique property types (including manufactured homes). Borrower must submit all requested documentation with 24 hours of requested time (including HOI). Maximum reimbursement of $1,000 ($125 per day). Payment will be made via a contract extension at a $125 per diem (capped at $1,000) charged from seller to buyer and TSMI will lender credit the buyer for the per diem. Delays in services provided by third-parties excluded. For FHA purchase transaction seller must have owned the property for at least 180 days at the time of contract. Offer null and void if either the seller or borrower extend the closing date except in conjunction with this program, the closing does not occur on the contract closing date due to events outside the control of TSMI, LLC including inclement weather, natural disaster, or other catastrophic events. The loan must close with Town Square Mortgage to be eligible for the guarantee incentive.
*Subject to credit approval