Consent

11 + 2 =

$10,000 closing guarantee

Details on the Supreme Home Loans closing guArantee

$10,000 closing guarantee

Details on the Supreme Home Loans closing guArantee

Consent

5 + 13 =

SUPREME HOME LOANS $10,000
Closing guarante

We know how important buying a home can be. With our Closing Guarantee, we give you peace of mind knowing your loan will close, and you can move into your new home! If Supreme Lending does not close your loan, we will issue a $5,000 check to the Buyer of the subject property, and we will issue a $5,000 check to the Seller of the subject property*

*This offer is valid subject to no changes to applicant’s qualifying information within ten (10) days of closing and so long as Supreme Lending issues the final underwriting commitment. Supreme Lending offers the Closing Guarantee Program to all borrowers who qualify for an applicable purchase loan with Supreme Lending. This is not an offer to lend or to extend credit. This is not a guaranty of loan approval or commitment to lend. Program rates, terms, and conditions are subject to change at any time. Available loan terms may vary based on borrower’s credit history. Supreme Lending is not acting on behalf of or at the direction of HUD/FHA, the federal government or any federal government agency. Company NMLS # 150953, Equal Housing Lender.

Buyer of the Property
If the loan doesn’t close, a $5,000 check will be issued.

Seller of the Property
If the loan doesn’t close, a $5,000 check will be issued.

Supreme Lending must receive the following documentation from the borrower (“Borrower”):

  • A completed and signed standard loan application (form 1003) for a first lien position mortgage on the property submitted to Supreme Lending not more than sixty (60) calendar days before Supreme Lending receives the Agreement from the Borrower
  • An executed purchase agreement (“Agreement”) for a residential real estate property only located in states where Supreme Lending is licensed to do business with a closing date that is no sooner than thirty (30) calendar days after Supreme Lending receives the Agreement from Borrower. There may be no contingencies in the Agreement that extend more than ten (10) calendar days after Supreme Lending receives the Agreement, except for the following: any contingency that (i) relates to Supreme Lending’s approval of the Borrowers application, or (ii) it relates to the Borrower selling their current primary residence on or before the closing date of the Agreement.
  • A signed lock agreement to lock an interest rate with Supreme Lending not less than ten (10) calendar days before the closing date of the agreement.
  • All signed disclosures with a signed Intent to Proceed document within three (3) business days after Supreme Lending receives the Agreement from the Borrower.
  • All program requirements must be fully satisfied, and all conditions cleared by underwriting no less than ten (10) business days prior to the close date on the Agreement. The offer is void under the following circumstances:
  • The appraisal needs to be back and satisfied at least seven (7) calendar days prior to the closing date on the Agreement. Also, the appraised value of the Property does not equal or exceed the sales price in the Agreement, or if any repairs or property contingencies are not complete.
  • If any part of the application or any loan conditions contain any fraudulent or misleading information or false representation.
  • Where prohibited by applicable law or investor requirements and in the event that due to re-disclosure federal or state regulatory requirements require any and all waiting period prior to closing that extends beyond the specified closing date of the agreement.
  • If the Borrower has a condition not satisfied to sell their primary home prior to or at closing in the Agreement
  • If for any reason the closing is delayed from the original closing date on the Agreement due to acts or omissions of either the Seller or Borrower: the acts, omissions, negligence, or malfeasance of another party that is not the Seller, the Borrower or Supreme Lending; or any natural disaster or extraordinary event or circumstance beyond the control of the Borrower or Supreme Lending.
  • If all the terms and conditions herein are satisfied and Supreme Lending is unable to close the loan, then Supreme Lending will issue a check in the amount of $5,000 to the Buyer of the subject property. Plus, Supreme Lending will issue a $5,000 check to the Seller of the subject property. This agreement requires the Borrower to satisfy all Supreme Lending underwriting guidelines and loan approvals conditions and providing an acceptable property appraisal and clear title report to Supreme Lending. The subject property address may not change prior to the specified close date in the Agreement. No assignment of the Agreement or substitute Borrower is allowed for this offer.
  • Supreme Lending reserves the right to amend or cancel the Program at any time, with or without notice; however, the Borrower remains eligible for this offer, provided the Program was in effect on the date that Supreme Lending received an executed Agreement and an executed standard loan application (form 1003). Other restrictions may apply. Please contact Supreme Lending for specific details as to the availability of this offer at the time of submitting the loan application and/or Agreement.

Program Exclusions

• USDA Loans
• Brokered Loans
• Jumbo Loans
• Renovation Loans
• Refinance Loans
• Employee Loan
• Reverse Mortgage Loans
• Mortgage Revenue Bond Programs
• Non-warrantable Condominiums
• All Properties located in a flood zone
• Bank-owned Properties & Short Sale Loans

BEN COULTER
Branch Manager
NMLS ID# 383046
Phone: 612.384.7818

AARON DAEGES
Producing Branch Manager
NMLS #367835
Phone: 952.913.7283

12330 Lindstrom Lane Office 1 & 2
Lindstrom, MN 55045
Branch NMLS #1992275

80 37th Avenue South Suite 200, Office #7 St. Cloud, MN 56301
Branch NMLS #1975430

7301 Ohms Lane, #190
Edina, MN 55439
Branch NMLS #2034009

400 Water Street Suite #106
Excelsior, MN 55331
Branch NMLS #1977408

© 2020 EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. All rights reserved. Supreme Lending is an Equal Housing Opportunity Lender. This is not an offer to enter into an agreement. Information, rates, & programs are subject to change without prior notice and may not be available in all states. All products are subject to credit & property approval. Supreme Lending is not affiliated with any government agency. For licensing information, go to: www.nmlsconsumeraccess.org For Texas Borrowers only – Texas Complaints/Recovery Fund Notice – http://www.supremelending.com/docs/TX_C_RFN.pdf Supreme Lending is an equal opportunity employer and does not practice discrimination based on age, gender, race, religion, national origin, as well as any other rights afforded to applicants under state and federal law

BEN COULTER
Branch Manager
NMLS ID# 383046
Phone: 612.384.7818

AARON DAEGES
Producing Branch Manager
NMLS #367835
Phone: 952.913.7283

12330 Lindstrom Lane Office 1 & 2
Lindstrom, MN 55045
Branch NMLS #1992275

80 37th Avenue South Suite 200, Office #7 St. Cloud, MN 56301
Branch NMLS #1975430

7301 Ohms Lane, #190
Edina, MN 55439
Branch NMLS #2034009

400 Water Street Suite #106
Excelsior, MN 55331
Branch NMLS #1977408

© 2020 EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. All rights reserved. Supreme Lending is an Equal Housing Opportunity Lender. This is not an offer to enter into an agreement. Information, rates, & programs are subject to change without prior notice and may not be available in all states. All products are subject to credit & property approval. Supreme Lending is not affiliated with any government agency. For licensing information, go to: www.nmlsconsumeraccess.org For Texas Borrowers only – Texas Complaints/Recovery Fund Notice – http://www.supremelending.com/docs/TX_C_RFN.pdf Supreme Lending is an equal opportunity employer and does not practice discrimination based on age, gender, race, religion, national origin, as well as any other rights afforded to applicants under state and federal law