Lender Price Match Guarantee
Our goal is to provide mortgages with the lowest rate and fee combination in the Lending Industry. We’re so confident in our rates and fees, that if our competitors provide you with a bona fide Loan Estimate dated the same day with a lower rate and fee combination that we’re unable to beat, Lenderfi will write you a check for $500.
Terms and Conditions:
Applies to first mortgage conforming loan programs offered by LenderFi for owner occupied primary residences, , minimum loan amounts of $250,000 to $424,100 with a LTV of not to exceed 75% and requires a 740 credit score. Offer only applies to primary residence. Competing offer must be from a direct lender. The rate, points, fees, commitment period and loan program offered by the competing lender must be dated and presented to LenderFi on the day of Lenderfi’s offer. This guarantee is limited to eligible Fannie Mae and Freddie Mac 10, 15, and 30-year amortization terms. Competing offer must be presented to LenderFi prior to locking rate with LenderFi. Home Affordable Refinance Loans (HARP Loans), Adjustable Rate Mortgages (ARMs) and loans where the rebate exceeds the non-recurring closing costs are excluded. Lenderfi’s check for $500 will be forthcoming after the competitor loan closes based on presentation of the original Loan Estimate and HUD-1 which are required to mirror one another.
Advertised Rate Disclaimer
Advertised 10 year rate applies to a single family owner occupied refinance rate and term only loan and requires a loan to value ratio of 60% or less, 740 credit score and is only available in CA and AZ. LenderFi will pay all of the Borrower’s closing costs except: Prepaid interest, property taxes, state mortgage taxes, lender payoff fees and any type of insurance. Additionally, borrower will pay upfront for the appraisal if one is required and we will refund you back at time loan disburses.
Our Roll Me Down Loan
Refers to Our No Closing Cost Option and is available on refinance transactions only. Lenderfi will pay all of the Borrowers Closing Costs except: Prepaid Interest, property taxes, state mortgage taxes, lender payoff fees, and any type of insurance, VA Funding Fees and FHA mortgage insurance premiums. Minimum loan amount in California is $200,000. Eligibility requires owner-occupancy. Only available in the State of CA. Subject property must be owner-occupied to be eligible. This loan program may be changed or discontinued at any time without notice.
Customer Appreciation Program
To be eligible for our customer service appreciation program aka our “Our Roll Me Down Loan” we will place you in our rate watch program, where if rates drop by .250% from your current rate and you have made 6 on time payments we will contact you to refinance to the lower rate with our no closing cost option. Subject to underwriting approval and a new property appraisal. Not all applicants or properties will qualify. This loan program may be changed or discontinued at any time without notice.