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$1,000 Close On Time

Guarantee*


Our Close On Time Guarantee

When you are purchasing a house there are alot of moving parts before your family can get moving. At the American Dream Team at Supreme Lending we understand the necessity of closing on time, in many cases you could be violating a contract and or incur additional fees / fines from the seller for not closing on time. We're so confident in getting your home purchase closed on-time, we're putting our money on the line. If we do not close your purchase on time we will credit you up to $1,000.*


Terms and Conditions

Customer is eligible for a $1,000 Close On Time Guarantee under the following conditions.

  • Borrower must request the $1,000 Close On Time Guarantee at the time of application.
  • You, your Loan Officer and your Real Estate Agent will sign a Close on Time Commitment with service and response time expectations.
  • You must submit a complete application and all required documents for processing no later than 30 days before the Close of Escrow date.
  • The American Dream Team Branch of Supreme Lending must have permission from all borrowers to obtain a credit report on their behalf.
  • The subject property appraisal must be received by the American Dream Team Branch of Supreme Lending at least 15 business days prior to the closing date on Conventional or FHA purchases and 30 business days for VA purchases.
  • Purchase loans for new homes require a certificate of occupancy. This guarantee does not apply to situations where delays are legally required under the TILA-RESPA Integrated Disclosure Rule (TRID).

Close on Time Guarantee is void if:

  • The appraisal is not scheduled within 48 HOURS of first contact attempt from appraiser;
  • The closing date is missed due to delays attributable to the borrower(s), a third party, or the seller;
  • Information provided by the borrower(s) on the application could not be verified or was inaccurate or insufficient;
  • The loan, as structured, does not meet federal/state regulatory requirements and/or agency guidelines;

Disclaimer:

Offer only available for delays solely within Supreme Lending’s sole and absolute control and does not include delays arising from property issues, seller delay, title or escrow agent delay, acts of God, catastrophic event, act of terrorism, public or state of emergency, or other unforeseen contingencies over which Supreme Lending does not have direct control over. Offer is not applicable for Refinances, Real Estate Owned, Short Sale Transactions. Upon satisfaction of all conditions, in the event that the American Dream Team (Branch 681) of Supreme Lending is unable to close your purchase loan by the applicable closing date, the American Dream Team (Branch 681) of Supreme Lending will issue a lender credit in the amount of $1,000 to be used toward allowable closing costs. Guarantee not available in all states or locations.

Our Closing Process

Step 1
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Loan Application

The application process takes 10-20 minutes and can be completed over the phone or through our secure website. We would prefer the opportunity to take your application over the phone, completing the application over the phone allows us to collect more information surrounding the needs and wants of your new loan.

Step 2
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Credit Check & Initial Disclosures

At this step we are going to pull your credit to verify that you can qualify for the loan. You will also receive your initial loan disclosures. These disclosures outline the type of home loan that you are applying for, repayment terms, your rights as a consumer, and our privacy policy.

Step 3
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Supporting Documentation

Your loan officer will be requesting the minimum documents needed to verify the information submitted in the application and begin verifying your income, assets, and liabilities. This information is used to confirm your DTI (Debt To Income) ratio and establish your assets and cash reserves.

Step 4
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Appraisal

The appraisal insures that the home you are purchasing is valued at the amount of money you are borrowing. If the home you are buying is under construction this appraisal will be based off the plans, and upgrades that you have selected. Upon completion of the home a "re-inspection" will be performed where the appraiser will verify that the home is completed.

Step 5
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Underwriting

Your loan officer and their assistant has submitted your loan for review by an underwriter. The underwriter is going to conditionally approve the loan based on the loan requirements and guidelines to insure the home loan. At this point the underwriter will establish a list of conditions for your loan team to complete before the loan can be cleared to closed. The Loan Officer Assistant and the Loan Processor will work with you to collect additional documents to support the information that is needed to clear each of the underwriters "conditions".

Step 6
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Approval

Upon satisfying all of the loan conditions your loan will change status from "conditionally approved" to "approved". The underwriter will hand your loan off to the closing department to begin the process of drafting closing documents and final disclosures for your review.

Step 7
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Clear to Close

Your loan is now ready for closing. You will receive the closing disclosure which details the final terms of the loan, the payment, the loan closing costs and the pre-paid expenses tied to your home loan.

Step 8
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Closing Day

You will attend the closing at the title company. At closing the title rep will present you with the final loan documents for you to sign. The entire process typically takes about 45 minutes to an hour and the title rep can explain or answer any questions you may have. Upon completion of signing these documents we will "release the wire" and the title company will give you the keys and disburse the funds to the seller and the Realtors involved in your transaction.


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Licensing Disclosure

Everett Financial, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. Copyright © 2021. Not an offer or agreement. Information, rates, & programs are subject to change without prior notice. Not available in all states. Subject to credit & property approval. Not affiliated with any government agency. Supreme Lending is required to disclose the following license information: AZ Mortgage Banker License 0925918. Licensed by the Department of Financial Protection and Innovation under the CA Residential Mortgage Lending Act License 4130655. CO Mortgage Company – Regulated by the Division of Real Estate. Delaware Lender License 10885. GA Mortgage Lender License 22114– Georgia Residential Mortgage Licensee. IL Residential Mortgage License MB.6760323-DBA1– Illinois Residential Mortgage Licensee. MA Mortgage Broker License MC2129. MA Mortgage Lender License MC2129. Licensed by the N.J. Department of Banking and Insurance – New Jersey Residential Mortgage Lender License. Licensed Mortgage Banker-NYS Department of Financial Service. NY Mortgage Banker License B501049. Ohio Mortgage Broker Act Certificate of Registration MB.804158.000. Ohio Mortgage Loan Act Certificate of Registration SM.501888.000. OR Mortgage Lending License ML-4265. Licensed Mortgage Banker by the PA Department of Banking – Pennsylvania Mortgage Lender License 45048. Rhode Island Licensed Lender 20142998LL.

Contact Us

14801 Quorum Drive Suite 160,
Dallas, TX 75056