Close with Certainty at Local Mortgage.

Getting kids settled, transporting dogs, organizing moving trucks; you have plenty to worry about when you buy a house. Don't worry about the closing date. When you work with Local Mortgage, you can feel certain about your mortgage closing date.

We will meet your agreed upon closing date or give you $1,000.

Buying a home can be extremely stressful. With our mortgage team, you can remove some of the stress by getting approved to Close with Certainty. If your application qualifies to Close with Certainty, then we'll provide you a written promise to meet your closing date.

If we fail to fulfill that promise, then Local Mortgage will pay $1,000 of your closing costs.

Some conditions apply. Check below to see if you qualify.

Close with Certainty Eligibility:

To be considered, applicants must apply for a conforming, owner-occupied, purchase mortgage transaction. Applicants must provide an executed sales contract or purchase agreement with their initial application. The closing date in the sales contract or purchase agreement is the date that will be considered for eligibility under the Close with Certainty program.

Applicants must lock their interest rate, sign disclosures, pay for an appraisal, if required, and provide any initial credit documents before a Close with Certainty Certificate can be considered.

If applicant(s) and transactions meet eligibility requirements, Local Mortgage will provide to applicant(s) a Close with Certainty Certificate detailing the agreed upon closing date. The agreement will remain in effect until closing unless any conditions for termination occur.

If applicant(s) and the transaction meet eligibility requirements, and applicant(s) are provided a Closing with Certainty Certificate, and the transaction does not close on or before the date in the Close with Certainty Certificate, and no terminating events occur during the loan process, then Local Mortgage will apply $1,000 of lender credit to the final Closing Disclosure.

Close with Certainty Terms, Conditions, & Exclusions:

- Conforming mortgages only. Currently not available on FHA, VA, or USDA products.

- Maximum LTV (loan-to-value) of 95%.

- Limited to purchases. Refinances do not meet offer guidelines.

- Purchases requiring a 2nd mortgage do not meet offer guidelines.

- Property must be owner-occupied. Properties being financed as second/vacation homes or investment properties do not meet offer guidelines.

- Unusual or uncustomary property types including but not limited to: geo-thermal homes, log cabins, earthen homes, mobiles homes, etc., are not eligible.

- Bank-owned properties or properties that were purchased through a short-sale are no eligible.

- Property must appraise at or above sales price listed in the sales contract or purchase agreement for the Close with Certainty agreement to remain in effect.

- If the appraisal report requires repairs and/or a final inspection, the Close with Certainty Certificate will be terminated.

- Local Mortgage must be given clean title within a reasonable time frame in advance of closing date.

- Single-family residences only. Condominiums, multi-family, commercial, and agricultural properties are excluded.

- Application must contain true and accurate information. Applications must not contain any fraudulent information or material misrepresentations.

- Close with Certainty is only available in states in which Local Mortgage is licensed to originate mortgage loans.

- Any material changes to loan structure (loan amount, interest rate, etc.) after Close with Certainty Certificate is issued will terminate prior Close with Certainty Certificate.

- Applicant(s) with any liens, judgments, bankruptcies, disputed accounts, or other derogatory credit events reporting are not eligible.

- Loan characteristics or conditions that do not meet agency guidelines and/or are ineligible or sale into the secondary market are ineligible.

- Jumbo loans or loans that exceed current conforming loan limits are ineligible.

- Acts of God, terrorism, weather events, natural disasters or other public emergencies will terminate any issued Close with Certainty Certificates.

- Any delays attributable to applicant(s), realtor(s), seller(s), title companies, closing agents, appraisers, inspectors, surveyors, government agency or those providing documentation on behalf of a government (e.g. tax transcripts, flood certifications) will terminate any issued Close with Certainty Certificates.

* Void where prohibited.
* Conditions subject to change.

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