Ready to eliminate the guesswork, worry, and uncertainty that too often accompany buying a home?
At Silverton Mortgage, we have always been focused on providing an outstanding experience and achieving great customer satisfaction. Silverton Secure+ is a unique program that provides soon-to-be homeowners complete security around their purchase. Plus, we back it all up with a $1,000 On-Time Closing Guarantee to both the buyer and seller!*
A Silverton underwriter reviews and approves the client’s credit, income, and assets BEFORE a home is found.
Generally, this is the most critical part of securing a loan, but with Silverton Secure+, it’s one less thing to worry about while shopping for the perfect home.
Silverton can lock the rate before the client finds their new home. Silverton Secure+ provides a 60-day lock along with rate protection and qualification security.
This allows the client to breathe easier knowing their rate is secure, regardless of market fluctuations
Secure Closing Date
Silverton Secure+ offers an On-Time Closing Guarantee, which was created to give our clients peace of mind so they can focus on the excitement of moving into their new home!
IF Silverton Mortgage is unable to close on or before the scheduled closing date, we will pay the buyer and seller EACH $1,000!*
*On-Time Closing Guarantee Conditions: The up to $2,000 On-Time Closing Guarantee (the “Guarantee”) available from Silverton Mortgage (“Silverton”) for loans financing the purchase of a home. If Silverton fails to meet the Guarantee scheduled closing date, the $2,000 Guarantee will be in the form of up to a $1,000 closing cost credit to the buyer, which are otherwise required to be paid by buyer/applicant, and $1,000 payable to the seller in the form of a check payable to the seller of record on the purchase agreement. The Guarantee scheduled closing date is determined by mutual agreement of the buyer/applicant, Silverton and seller. The Guarantee scheduled closing date must be a minimum of twenty-one (21) days from the date of application with Silverton and it must be a date on which there will be an unexpired Silverton Secure+ Pre-Approval Letter. Silverton will communicate the agreed upon scheduled closing date to the applicant by email. To be eligible for the Guarantee, all applicant(s)s must provide any information requested by Silverton within twenty-four (24) hours of Silverton’s request and must meet all of the following eligibility requirements: All information on the loan application must be accurate and must not contain fraudulent information or material misrepresentations. The appraised value for the property must be equal to or greater than the purchase price listed on the purchase agreement. No contract changes or addendums allowed less than five (5) business days before the agreed upon closing date. Applicant(s) must lock the Silverton loan rate and satisfy all loan requirements and conditions, including payment of all advance fee deposits, at least seven (7) business days prior to the Guarantee scheduled closing date. No loan or program changes are permitted less than seven (7) business days prior to the Guarantee scheduled closing date. For FHA loans, the property purchase being financed by Silverton must qualify for FHA financing. The following loan programs/applicants are not eligible for the Guarantee: Loans requiring a subordination of a prior loan; Loan applicants who have disputed credit accounts; loans to be secured by properties requiring repairs or re-inspection; loans to be secured by properties purchased through a “short-sale” or as a bank owned property; USDA loans; Mortgage Revenue Bond Programs; Construction or Renovation Loan Transactions; Jumbo Loans; Non-warrantable condominiums; Manufactured homes; Refinance Transactions. Silverton is not responsible for the performance of third parties, such as Appraisers, Attorneys, Title Companies, Governmental Agencies or anyone not under direct control of Silverton, that may delay the closing. Certain financing programs may limit the total amount that Silverton may credit the applicant at closing if the Guarantee credit is awarded and applicant closing costs are less than $1,000. Therefore, not all Guarantee closing credit buyer/applicant awards will be $1,000, some may be less. Silverton is not responsible for an applicant losing any earnest money deposit or other funds resulting from a closing date not occurring as scheduled. Guarantee is void if prohibited by law.