$10,000 On-Time Mortgage Closing Guarantee
Buying a home is stressful enough without worrying if your lender will deliver on time. At TruPath Home Loans, we’re so confident in our process that we decided to back it with a $10,000 Guarantee. We are just as invested in helping you close on your new home as you are.
Why This Guarantee Helps Your Offer Get Accepted
Why do sellers accept cash offers that are lower than other offers with financing? Sellers don’t just care about the price. They want certainty of closing, and oftentimes, they make plans that are contingent on their home selling. A cash buyer gives them confidence that there won’t be any problems or delays with selling their home.
Our guarantee not only covers that you’ll close, but it also guarantees that you will close on time. We want your offer to look as good as good as cash, which could save you some money, or at least give you a leg up against competing offers. Selfishly, our clients submit less offers, which saves us time running scenarios on specific homes.
The TruPath Guarantee
We don’t just talk about closing loans, we back it up with two powerful guarantees that give you and the seller complete confidence.
1) Your Loan Will Close
If we are unable to close your loan, we will reimburse the seller the amount of your Earnest Money, up to $10,000.
Your offer can either dictate that you’ll get your earnest money back based on our guarantee, or it can be used to effectively double your earnest money
2) Your Loan Will Close On Time
Our in-house processing team is one of the best in Utah, averaging 13-14 days from Contract to Clear to Close. If we delay your closing, we will reimburse the seller the amount of their daily interest expense until the loan is closed, up to $150 per day.
Terms and Conditions
As with any guarantee, there are terms and conditions that apply. There are items that are entirely outside of our control. For example, we can’t guarantee the home’s title is clean before receiving a title report, which could prevent closing if the sellers refuse to clear it.
These terms and conditions are listed on the back of the Guarantee Certificate you will receive. Reach out to us directly if you’d like the full list or have questions.
Why Don’t Other Lenders Offer Guarantees?
Most lenders talk about all of their programs or their fast closings, but very few are willing to put money behind it. Why?
- Weak Pre-Qualifications and Pre-Approvals: They issue quick letters to “check the box” that often fall apart during underwriting. Your lender should be asking you for documents before you look for homes.
- No Accountability: If a lender misses your deadline, you and the seller pay the price. They just miss out on another loan.
- Risk Aversion: Guaranteeing a closing requires confidence in their processes and their people. Lenders often hire any loan officer that can find business, but they don’t vet their pre-approvals. Many lenders simply just don’t have the systems or the right people to offer a guarantee like this.
TruPath is different, and our reputation is extremely important to us. We average between 13-14 days from receiving a contract to having your file clear to close, which is why we’re confident enough to back up your loan with $10,000.
How the TruPath $10,000 On-Time Closing Guarantee Works
Step 1 – Opt in to the Guarantee
The guarantee is optional. This is for those who want the highest chance of getting their offer accepted, and for the best price. Just let us know if you want the Guarantee!
Step 2 – Get Fully Pre-Approved
This isn’t your average pre-qualification. It’s a fully verified pre-approval that reviews all available documentation we’ll review during the loan process.
Step 2 – Make Your Offer
When you submit your offer, include an addendum referencing the TruPath $10,000 On-Time Closing Guarantee, as well as your Certificate. This is what allows us to to reimburse the seller.
Step 2 – Close With Confidence
We’ll keep you updated along the way, and you’ll know that we’re just as invested in your closing as you are.
Eligible Programs
- Conventional
- VA
- FHA
- USDA
- Utah Housing
- TruPath Grant and other Down Payment Assistance Loans
- Bank Statement
- DSCR
Benefits of the On-Time Closing Guarantee
- Win More Offers: Compete head-to-head with cash buyers by giving sellers certainty.
- Seller Confidence: Knowing they’re protected and that your lender has skin in the game makes your offer more attractive.
- Buyer Protection: Your earnest money deposit is safe if for some reason, we’re unable to perform.
- Agent Advantage: Realtors can use this guarantee to strengthen their buyers’ negotiating power.
- Fast Closings: With an average 13-14 day Clear to Close, we help you move in sooner.
Why This Guarantee Matters in Today’s Market
Each market is different, and we’re still seeing pockets of homes receiving multiple offers. Sellers aren’t always looking for the highest price, they want certainty you’ll close. That’s why cash buyers often win even when their offer might be lower.
TruPath’s $10,000 On-Time Closing Guarantee levels the playing field by:
- Making your financed offer as strong as cash.
- Reducing seller risk with a backed guarantee.
- Helping your offer rise to the top in multiple-offer situations.
Don’t Lose Out on Your Dream Home
Ready to get your $10,000 Guarantee? Talk to one of our mortgage experts today.
Frequently Asked Questions
Do most lenders guarantee closings?
No. Most lenders won’t risk it. TruPath is one of the few that guarantees both closing and closing on time.
Does using the guarantee change my interest rate?
No! We don’t “bake” the guarantee into our rates. You’ll get the exact same terms as someone without the guarantee, only with higher chances of getting the home you want.
Does this program apply to refinances?
Currently, it’s for purchase loans only.
What if the delay is caused by the appraisal, title, or seller?
The guarantee only applies to TruPath-caused delays. Third-party delays are outside of our control, unless for some reason we forgot to order the third-party item within a reasonable time.
How fast can TruPath close a loan?
Our average Contract to Clear-to-Close is consistently between 13-14 days, much faster than the national average of 30-45 days. The quickest we are legally able to close a mortgage is 7 business days.