Customers can lock their loan and start shopping for the perfect homeIf customers are worried about rates going up, we’ve got them covered for 120 days. With our Lock and Shop program, the rate is locked and secure so they can search for a home they love. If rates go down, our one-time float down option provides the perfect solution.Ideally suited forThose searching for their next homeHomebuyers in competitive marketsRate lock benefits and loan featuresInterest...
Big Changes Coming to Second Home Pricing
Did you hear the update about pricing for second homes? Currently someone can buy a vacation home with rates similar to a primary home purchase. However, effective April 1st, the interest rates on second homes will be comparable to non-owner occupied (investment) properties, meaning they will be significantly higher. However, down payment requirements will remain the same. If you are shopping for your next vacation home, I highly encourage you to educate yourself on the changes coming...
Update to Guild’s Bridge Loan Program
In case you aren't already familiar, Guild offers our very own service-retained Bridge loan, which can help anyone looking to buy a new home by writing a non-contingent offer and using the equity funds from their current primary residence for the down payment. We've recently made some updates to the guidelines which makes this loan option even more desirable for homeowners looking to purchase before selling! We can now eliminate their current home and bridge loans...