Your home purchase is a big deal to you. Which means it’s a big deal to us. So we guarantee you’ll close on time. If you don’t, we’ll give you $2,000.*

Close on time. Guaranteed.

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Better Mortgage

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Individual rates and savings may vary.

*Better Closing Guarantee Terms and Conditions

To be eligible for the Closing Guarantee (“Guarantee”), you must have completed the following steps with Better Mortgage for a conventional purchase loan on a single family residence or PUD-detached home after 6/20/2021:

  1. Obtain a completed conditional approval OR a verified pre-approval and lock at least:

    1. For jumbo loans: 30 days before the closing date on your purchase contract; or

    2. For conforming loans: 21 days before the closing date on your purchase contract;

  2. Provide all requested supporting documentation and signed disclosures needed to make a loan decision (e.g., income/asset documents) within 48 hours of each request; and

  3. Upload a fully executed purchase contract to Better.com within 72 hours of locking a rate.

“Close on time” means closing on the closing date on your uploaded purchase contract. 

You are ineligible for the Closing Guarantee if your Better Mortgage loan is: for a property located in New York, denied, withdrawn before the closing date listed on your uploaded purchase contract, or if the closing date cannot be met for reasons outside of Better Mortgage’s control, these include, but are not limited to: 

  1. There are changes to the buyer’s credit profile, income, income source, or available assets, or additional information is provided that impacts a borrower's ability to qualify for the loan; or

  2. The buyer or seller initiates changes to the closing date or loan terms (loan amount, product, interest rate, initial rate locks); or

  3. There are delays due to an appraisal dispute initiated by the buyer, force majeure events (including weather or natural disaster), improvements or repairs being made to the subject property, a setback on a new construction, or because items on the title report need to be removed or cleared; or

  4. There are delays caused by third parties. (You remain eligible for the guarantee if there are delays caused by appraisal management companies, or Better affiliated companies, including Better Settlement Services [title insurance services] and Better Cover [homeowners insurance policies]).

After you qualify for the $2000 offer, Better Mortgage will mail a check to the address listed on your account. Offer recipients will be responsible for all taxes and fees associated with receipt of the $2000 which may be considered miscellaneous income received from Better Mortgage. Better Mortgage may be required to send to you, and file with the IRS, a Form 1099-MISC for the year in which you receive this offer. Please consult your tax advisor.

Offer is only available for users applying for purchase loans on properties located in the states in which Better Mortgage originates loans (excluding New York). Offer is subject to all applicable state laws.

BETTER MORTGAGE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, PROMOTIONS, GUARANTEES,  AND BENEFITS AT ANY TIME WITHOUT NOTICE. Terms are subject to change at any time without notice and are subject to state restrictions.