South Coast Lending $1000.00 Guarantee

How it works:

For home purchase or refinance only. Does not apply to home equity lines of credit loans. A customer must provide a complete system generated good faith estimate, listing a specific lenders name, and dated the same day as the rate quoted by us. If such good faith estimate indicated an equivalent or lower interest rate and closing costs package (as determined by South Coast Lending in it’s sole discretion) for the identical loan program that is offered by us and we have verified the accuracy of the rate and fees listed, then we have the option of beating that lenders total loan costs by $100.00 or paying the customer $1000.00 when they close with that lender and provide us with a copy of the signed note and the final HUD-1 settlement statement.

Terms and Conditions:

1. The subject property must be located in the state of CA, OR, WA, AK, CO, MI, FL.
2. Upon beating the competing offer, customer must immediately complete application with South Coast Lending and fax in signed welcome package and requested documentation within 24 hours of completing application.
3. Only one competing offer per applicant.
4. The competing offer must be on a first mortgage loan product offered by South Coast Lending on the date of submission.
5. Competing quote must be faxed in within 24 hours of completing application with South Coast Lending.
6. Current lender, or current lender affiliate refinances do not apply.
7. Any competing offer from an institution with whom the applicant is a member of, or has ownership interest in is excluded from this offer.
8. Competing offer must close within 21 days of submitting the qualifying good faith estimate to South Coast Lending. The terms of the transaction must be identical to the terms submitted to South Coast Lending as the competing offer.