Mortgage Programs
GRB’s Cash+ programs provide buyers with a fully underwritten, cash offer that helps eliminate the contingencies that can put an offer at the bottom of the pile.
GRB’s Cash+GuaranteeTM is the gold standard in residential mortgage lending. A Cash+Guarantee offer provides both buyers and sellers with peace of mind. Building on our success with the Cash+MortgageTM program, GRB further strengthened its offer with the Cash+Guarantee.
When you see a Cash+Guarantee offer, you get the assurance that GRB will purchase the house if the buyer fails to do so. When a buyer presents a Cash+Guarantee offer from GRB to purchase a home, it means they have:
A completely underwritten loan. All financing contingencies have been removed.
A 20% or more earnest money deposit (EMD) with a Loan-to-Value up to 95%.
A guarantee from GRB that it will BUY THE HOUSE for the purchase offer amount if the buyer fails to complete the home purchase.1
Creating Wins for Everyone Involved
With a Cash+Guarantee offer, both the buyer AND seller secure a number of benefits, such as:
- GRB Cash+Gurantee is provided at no additional cost to qualified buyers.2 There is no participation or program fee to apply for a Cash+Guarantee.3
- Buyers can make a fully underwritten cash offer upfront, without financing and appraisal contingencies.4, 5
- A competitive rate and financing program, local loan processing and underwriting, and the full backing of GRB.
Find the Cash+ Program That Supports Your Purchase Goals
The Cash+Guarantee program is part of GRB’s Cash+ Family of Mortgage Programs. Compare Cash+Guarantee and Cash+Mortgage below to see which program will best support your purchase needs. Use the link below if you would like to learn more about Cash+Mortgage, or contact our Mortgage team!
* Buyers can have Cash+Mortgage and Cash+Guarantee preapproval letters in use simultaneously. However, only one Cash+Guarantee preapproval letter at a time for a specific property can be issued to a buyer.
Contact Our Mortgage Team
Click the button below to fill out our ‘Contact Us’ form, and a GRB Mortgage Originator will be in touch to answer your questions!
1 Buyer acknowledges that following GRB’s purchase of the Subject Property, GRB will attempt to sell the Subject Property. Buyer acknowledges that any losses sustained by GRB in purchasing and reselling the Subject Property will be the Buyer’s responsibility. In this regard, Buyer agrees to fully defend, indemnify and hold GRB harmless from any and all damages, costs and liabilities of every kind and nature it incurs in performing its obligations under this Agreement, including purchasing the Subject Property from Seller, maintaining the Subject Property and reselling the Subject Property. The 20% Down payment held by GRB’s counsel shall be used to pay any losses and as security for this indemnity. The 20% Down payment shall not be a limit to Buyer’s liability hereunder and Buyer shall be responsible for any losses which exceed the Down payment. Notwithstanding the foregoing, if the buyer voluntarily defaults under the terms of the Contract of Sale, the 20% Down payment will be forfeited to GRB and applied toward the aforementioned losses.
2 Buyer qualifying requirements include: GRB-ordered credit report with score of 700 or above; primary or secondary residence only (no investment properties); conventional and portfolio financing only; income types limited to wage earner, fixed income, assets as a basis for repayment, and self-employed borrowers who have filed the most recent year tax returns (cannot be on extension); and minimum 20% down payment required (borrower must document available funds at time of application for the pre-approval).
3 GRB does not charge any participation or program fees to apply for a Cash+Guarantee. Other standard conditions and fees still apply (verification of employment, title, homeowners insurance, etc.).
4 Go purchase the property as the buyer’s primary or secondary residence and that they will not perform any action detrimental to their credit including opening new debt prior to their closing. Other standard conditions include but are not limited to verification of employment, title, homeowners insurance, etc.
5 Some restrictions apply: receipt of 20% earnest money deposit (EMD); the contract is written with at least 30 days allowed for closing; the mortgage application is completed within 2 days of a fully executed contract; the borrower responds to any document requests within 2 business days and provides the requested documents at that time; title (including survey map) is provided at least 7 days prior to the contract closing date and seller is able to provide marketable title.