/2016_-_Q1_Year_To_Shine/logo.png "Pentagon Federal Credit Union"){kind=logo}
REQUIREMENTS:
- Full underwriting review
- Loan documentation approval
- Other creditworthiness conditions
Please note that approval is based on no material adverse changes in financial condition, creditworthiness or employment status.
POWER BUYER
The Edge you need to win in today's home buying market
- Compete with Cash buyers
- Lock While You Shop
- Fast Access to Equity
Power Buyer Certification
Credit Check
Underwriting review
Certificate is valid for 60 days (from time credit is ordered)
Compete with cash buyers by obtaining up-front approval to purchase a home based on your financial profile
Lock While You Shop
Shop for your new home knowing your interest rate is secured
Take up to 60 days to shop and close on your new home
Speak with your loan officer to lock in your rate
Rate lock may be extended for an additional 30 days
REQUIREMENTS:
- Rate lock and locked-in terms are valid and must close within 60 days of lock.
- Lock and Shop only available with Power Buyer certification
- Only a loan officer can lock in your rate.
- Credit check required.
- Property address and contact must be provided within 30 days to meet closing date on or before rate lock expires.
- Rate lock can be extended for additional 30 days for a prorated daily fee max .25 pt.
- One time use of a float down rate should interest rates go lower during lock in period for a fee.
- Not valid for HELOC or Refinance transactions.
Power Selling Tools
Cash Buyer Financing lets you leverage the advantage of paying for your home with cash - you can tap into the equity of your new home in as little as 30 days
Choose a flexible close date so contigent buyers avoid costs
