30 Day Purchase Guarantee Requirements

At Sammamish Mortgage we understand the importance of deadlines and the impact failing to close a purchase transaction on-time can have on all parties involved. Rather than make empty promises and hollow guarantees we decided to put our money where our mouth is.

Sammamish Mortgage will provide a lender credit of $100 per day on a purchase not closed within 30 days. The requirements of the guarantee are outlined below.

30 day closing guarantee requirements

• The appraiser must be given access to the property at their first available time slot.
• Borrowers and sellers must be in town and available to sign within 24 hours of loan documents being sent to escrow.
• All borrower document requests must be fulfilled and disclosures signed within 24 hours.
• All fully executed addendums (including commitments of Interested Party Contributions) to the purchase and sale contract must be provided at the time of mutual agreement, and at least 5 business days prior to closing.
• All underwriting guidelines and requirements must be met
• An occupancy permit must be provided 10 days prior to the closing date.
• The contract closing date must have passed.

30 day guarantee void

The 30-day purchase guarantee may not stay in place if any of the following apply:

• Purchase consists of unique properties with acreage, rural properties, multi-family, waterfront or non-warrantable condominium projects.
• There are issues with IRS tax validations. This includes taxes not filed, IRS fraud rejections, and tax returns filed with the IRS not matching the returns provided to us. These types of issues will void the guarantee.
• Out-of-country signings.
• Purchase is outside King, Pierce, Snohomish or Multnomah Counties

Working with Sammamish Mortgage

• We put YOU first. We are committed to getting every client the very best possible deal every single time.
• Sammamish Mortgage offers some of the most competitive rates in the nation!
• Fast and efficient, we close most of our loans in 30 days or less.
• We offer a variety of loans. Sammamish Mortgage will find you the loan that is right for you!!!

View Current Mortgage Rates Oct, 04, Fri, 2024

Mortgage Loans for the Pacific Northwest

Based in Bellevue, WA, Sammamish Mortgage has been in business since 1995, and we proudly serve customers in the Pacific Northwest region. Currently, we serve customers who are looking for homes in WA, ID, CO, CA and OR. If you’re currently in the market for a home in one of these states, or you’re thinking about buying a home, we’d love to hear from you. Our team of mortgage professionals has a detailed knowledge of the real estate markets of the Pacific Northwest and is able to help customers navigate these markets. View our Mortgage Loan Programs InfoGraphic!

Reach Out to Sammamish Mortgage Today

If you’re either looking or thinking about buying a home in WA, ID, CO, CA or OR, reach out to Sammamish Mortgage today. No matter what stage of the process you’re in, we can provide valuable information which can help you. Contact Us today to learn more, or View Rates to get a sense of what current mortgage rates look like. You can also get a Rate Quote personalized to your situation, or Apply Now to jump start the application procedure.