What’s in the small print

  1. Offer is only to customers who do not have a rate lock with HomeFi in the sixty (60) days prior to the date of the presented loan estimate from another lender.
  2. “At least $500 HomeFi for the same rate and terms” refers to the HomeFi Loan Estimate being at least $500 less in closing costs at the same rate and for the same loan terms, excluding property taxes and insurance (the fees listed in Sections E through H on your Loan Estimate), as the closing costs on the Loan Estimate from the other Lender. For purchase transactions using the seller’s title company, comparisons will also exclude title fees.
  3. HomeFi may, in its sole discretion, accept LE proxies (e.g., rate sheets from other lenders) provided the rate and terms from the competitive lender are readily available to the general public.
  4. The Loan Estimate must be dated within 1 business day from its date of submission to HomeFi.
  5. Offer is only valid in states where HomeFi is currently originating loans. It includes all single-family residences, condominiums and PUDs.
  6. Offer is not available for refinances of loans originated by HomeFi within 6 months of the funding date.
  7. To claim the offer proceeds, the borrower must (1) fund their loan with the lender that HomeFi could not beat by $500 in closing costs using the same Loan Estimate presented to HomeFi to initiate this promotion; and (2) present the closing disclosure and final note from the funded loan within thirty (30) days of closing.
  8. Amounts on the Loan Estimate may still vary within regulatory tolerances from the closing disclosure based on findings in underwriting, and all loans are subject to credit approval.
  9. Offer cannot be combined with any other promotion. Offer is invalid if the borrower submits a Loan Estimate from a lender with a rate that is not publicly available (e.g., requiring a minimum amount of assets under management). Each borrower may only take advantage of this offer once per loan application.
  10. HomeFi reserves the right to rescind or modify the terms of this offer without prior notice.
  11. Guarantee applies to FHA, VA, USDA and Conventional loans only with FICO greater than 620. Jumbo loans included with FICO greater than 740. Excludes all portfolio and non-prime loans.