In order to take advantage of the EMG, you will need to be pre-underwritten with Flyhomes Mortgage.
The guarantee is property specific and subject to review of the property.
The guarantee is price specific and will include information about your proposed down payment.
Your loan will be subject to the following and are not covered by the guarantee:
- A valid appraisal at or above the purchase price
- A clean title report
- A final verification of employment prior to closing
There can be no substantial changes to your financial picture between the issuance of the guarantee and the closing of your loan. The guarantee will be based on the information and documentation initially provided to us.
You must lock in your rate and sign an Intent to Proceed with Flyhomes Mortgage within 3 days of mutual acceptance in order to allow sufficient closing time.
If you lose part or all of your earnest money, you must provide proof to be eligible for reimbursement. Reimbursement is capped at the lesser of the lost earnest money or $40,000.