Program Guidelines
Program Guidelines
Borrower eligibility for "Guaranteed Best Value" payout is contingent upon borrower having final underwriting approval status on current loan with VITEK Mortgage Group. In the event that borrower then chooses to close with another lender, VITEK Mortgage Group will pay borrower the amount of $500. At that time, borrower will be responsible for any and all appraisal costs incurred on current loan transaction with VITEK Mortgage Group if not already pre-paid by borrower. VITEK Mortgage Group's "Guaranteed On-Time Close" policy requires borrower to provide all required documentation requested a minimum of ten business days prior to close of escrow. Agreed upon changes to loan terms must be made at least ten business days prior to scheduled close of escrow. Borrower must allow for a minimum of seventeen business days from time of application to time of close. To permit proper funding and recording time frame, VITEK Mortgage Group requires all borrowers must sign loan documents at least 48 hours prior to the close of escrow. (All government and bond loan programming are excluded from VITEK Mortgage Group's "Guaranteed On-Time Close" policy.) Borrower understands that VITEK Mortgage Group's "Guaranteed Closing Cost" policy is based on lenders closing costs only and must have a signed 'good faith estimate' for final loan approved product With VITEK Mortgage Group.




