Cash Buyer Program
Make a cash offer, win the house, then put your financing in place.
Sellers choose certainty. Our cash buyer program lets you present an all cash offer with no financing or appraisal contingency, which puts you at the front of the line even against higher bids.
After the purchase closes, your mortgage is placed and the cash used to buy the home is reimbursed. You end up in the home you wanted with the loan you planned on.
How the program works
We fully underwrite you up front so we know your financing is solid. You then write a cash offer backed by program funds. Once the seller accepts, the purchase closes quickly and your mortgage is finalized right after.
- No financing contingency on the offer
- Faster close than a typical financed purchase
- Your normal loan program is used at the end
When it makes the biggest difference
In a bidding war, a cash offer at the same price frequently beats a financed offer at a higher price because the seller avoids appraisal and loan risk. It also helps when a home needs work that a standard appraisal might flag.
Costs to plan for
There is a program fee for the cash backing, along with the normal closing costs of your permanent loan. We show you the full cost side by side before you commit.
Documents to gather
Because you are fully underwritten before you shop, the document list is the standard mortgage package delivered early.
- Last 30 days of pay stubs and two years of W-2s or tax returns
- Two months of bank and asset statements
- Photo ID for each borrower
- Details on any home you plan to sell
Advantages
- Compete head to head with cash buyers
- No financing or appraisal contingency
- Faster, more certain closings
- Works with your normal loan program afterward
Things to consider
- A program fee applies
- Full underwriting is required before you shop
- Property and price limits may apply
- Not available in every situation
Common questions
Is this a real cash offer?
Yes. The purchase is funded with cash at closing, which is why the offer carries no financing contingency.
How long until my mortgage is in place?
Usually within a short window after the purchase closes, on the loan program you were approved for.
What does it cost?
There is a program fee in addition to standard closing costs. We walk through the full numbers before you write an offer.
Program disclaimers
- * Higher interest rates apply
- ** For a 30-year, fixed-rate loan
- Program details are informational only and are not an offer for extension of credit or a commitment to lend. Terms are subject to change without notice.
Ready to explore Cash Buyer Program financing?
Start a conversation with a licensed loan officer, or begin your application whenever you're ready.