Edina Realty Mortgage Guarantee

Win the house of your dreams in multiple offer scenarios and close on time when you use the Edina Realty Mortgage Guarantee!

When all loan program conditions are met, Edina Realty Mortgage guarantees you an on time closing. Plus, your offer is made even more attractive because Edina Realty Mortgage will pay the seller $12,500 if you don’t close on-time!¹

How it works:

• Work with an Edina Realty Mortgage consultant to determine your loan eligibility and qualifications
• If qualified, you’ll use the Edina Realty Mortgage Buyer Advantage program to obtain a commitment letter before searching for a home.²
• You and your agent will find your dream home and submit an offer to the seller, including the commitment letter along with the closing guarantee
• The benefits of your offer will stand out to the seller, especially in a multiple offer scenario, because it includes your commitment letter and the on-time closing guarantee—plus they’ll be presented the offer of $12,500 paid by Edina Realty Mortgage if the closing is delayed!

1. Edina Realty Mortgage Closing Guarantee is only available on Buyer’s Advantage-designated, conventional, FHA and VA loans approved by Prosperity Home Mortgage, LLC dba Edina Realty Mortgage in writing prior to execution of fully ratified sales contract. Edina Realty Mortgage Closing Guarantee is NOT applicable on renovation loan products, loans for the purchase of cooperative housing units, or loans involving any sort of bond, down payment assistance mortgage credit certificate, or any other municipal or housing authority program. For loans from Veterans Affairs (VA loans), acceptable appraisal must be received and approved by Edina Realty Mortgage at least 10 business days prior to closing or loan is not eligible for Guarantee. The Commitment Agreement has an expiration date. The Loan must close on or before the expiration date contained in the Commitment Agreement, unless the Borrower(s) qualifies for and is approved for an extension in writing. The Commitment Agreement issued to the Borrower(s) contains conditions that must be satisfied prior to closing. Subject to acceptable appraisal of property value at or above contract sales price. This Edina Realty Mortgage Closing Guarantee is subject to the satisfaction by the Borrower(s) of all Loan conditions identified in the Commitment Agreement as determined by and in the sole discretion of Edina Realty Mortgage. The Guarantee is not valid if either Borrower(s) or Seller terminate the purchase contract or otherwise choose not to consummate the transaction for any reason whatsoever. The Edina Realty Mortgage Closing Guarantee is invalid if there is a substantial change in the Borrower(s)’ financial condition or to the terms of either the Loan or the purchase contract between Borrower(s) and Seller.

2. Edina Realty Mortgage Buyer Advantage is not a loan approval. A Commitment Letter is based on information and documentation provided by you and a review of your credit report. The interest rate and type of mortgage used to approve you for a specified loan amount is subject to change, which may also change the terms of approval. The interest rate cannot be locked until your offer to purchase a property has been accepted. If the interest rate used for credit approval has changed, you may need to re-qualify. Information provided by you is subject to review and all other loan conditions must be met. After you have chosen a home and your offer has been accepted, final loan approval will be contingent upon obtaining an acceptable appraisal and title commitment. Additional documentation may be required. All first mortgage products are provided by Prosperity Home Mortgage, LLC dba Edina Realty Mortgage. (877) 275- 1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance. Licensed by the Delaware State Bank Commissioner. Also licensed in AL, AR, CO, CT, District of Columbia, FL, GA, IL, IN, KS, KY, MD, MI, MN, MO, NE, NC, OH, OK, PA, RI, SC, TN, TX, VA, WV and WI. NMLS #75164 (NMLS Consumer Access at http://www. nmlsconsumeraccess.org/) ©2019 Prosperity Home Mortgage, LLC dba Edina Realty Mortgage. All Rights Reserved. (05/19) #1931 Expires 08/19