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.
Preapproved
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Non-Contingent
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Good-As-Cash
In an ultra-competitive home buying market, having a strong offer improves the possibility of getting your dream home. For qualified buyers1, GRB offers its Cash+Mortgage program to help them make the strongest purchase offer possible – with no additional fees to apply!2
GRB’s Cash+Mortgage is a pre-approval program that helps eliminate the contingencies that can put your offer at the bottom of a pile.
Creating Wins for Everyone Involved
Buyers and sellers BOTH secure a number of benefits with a GRB Cash+Mortgage:
Buyers:
- GRB Cash+Mortgage is provided at no additional cost to qualified buyers. GRB does not charge any participation or program fees to apply for a Cash+Mortgage.
- GRB fully underwrites your loan upfront, assuring the seller that you meet all credit, income and cash-to-close requirements.
- Make your offer with full credit approval, removing any financing contingency.
- Your mortgage commitment is subject only to finding a suitable home, a satisfactory appraisal, and other standard conditions.3
- Close with a mortgage and a competitive rate from a local community bank!
Sellers:
- On-time closing guaranteed or GRB will pay the sellers $500 per day (up to $2,500) if the loan closing goes past the contract closing date.4
- The buyer provides an earnest money deposit (EMD) of at least 10% of the purchase price upon acceptance of their offer (held in escrow by the listing agent).
- In the event the house does not appraise for the offer price, the buyer agrees to shift down payment funds to cover the difference up to 95% loan-to-value.
- Work with pre-approved buyers backed by a local community bank!
Find the Cash+ Program That Supports Your Purchase Goals
The Cash+Mortgage program is part of GRB’s Cash+ Family of Mortgage Programs. Compare Cash+Mortgage and Cash+Guarantee below to see which program will best support your purchase needs. Use the link below if you would like to learn more about Cash+Gurantee, 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 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 10% down payment required (borrower must document available funds at time of application for the pre-approval).
2 GRB does not charge any participation or program fees to apply for a Cash+Mortgage. Other standard conditions and fees still apply (verification of employment, title, homeowners insurance, etc.).
3 To 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.
4 Some restrictions apply:
- 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.