Americross Mortgage

Americross Mortgage guarantees that it will beat your Mortgage Broker’s deal or we will pay you $500.00!

Submit a competing offer from a Mortgage Broker in the form of a Good Faith Estimate dated within 10 days of the date that you present the competing offer to Americross Mortgage. The offer must show the loan amount, interest rate, margin, caps, term, origination and discount points, and all Lender, Broker and third party fees.

Apply for the identical loan with Americross Mortgage. Americross Mortgage will run your credit report, pre-qualify your application and make an offer to you. If we beat the Broker’s offer (and we will), you must lock your rate with Americross Mortgage and put your application into process. If we can’t beat their deal, close your loan with your Mortgage Broker. Submit a copy of the Hud-1 Settlement Statement and the note to us. If you closed according to the terms quoted in the competing offer, we will send a check to you for $500.00 within 7 days.

Terms and Conditions

1. The subject property must be located in the State of California.
2. The offer applies only for Applicants with a qualifying FICO score between 400 and 600.
3. The competing offer must come from the California Department of Real Estate Licensed Mortgage Finance Lender and Broker.
4. The competing offer must be dated within ten days of the date of submission to Americross Mortgage.
5. Only one competing offer per applicant.
6. The competing offer must be on a first mortgage loan product offered by Americross Mortgage on the date of submission.
7. If you close your loan with the Mortgage Broker, your loan application must close within 21 days of submitting the qualifying offer to Americross Mortgage. The terms of the transaction must be identical to the terms submitted to Americross Mortgage as the competing offer.
8. Your application with Americross Mortgage is subject to income and employment verification, a satisfactory title report, appraisal and Underwriting approval. The appraised value must be the same or higher than the value estimated provided on the loan application.