On-Time Closing Guarantee Terms & Conditions

1. Overview

Our On-Time Closing Guarantee (“Guarantee”) assures qualifying borrowers that their loan will close by the agreed closing date, subject to the terms and conditions outlined below.

2. Eligibility Requirements

To qualify for the Guarantee, borrowers must:

• Submit a complete and accurate loan application
• Provide all required documentation within 48 hours of request
• Respond to any follow-up inquiries promptly and fully
• Cooperate with underwriting, inspections, appraisals, and any other third-party verifications
• Select an eligible loan program that includes the On-Time Closing Guarantee

Loan programs that qualify will be disclosed at the time of application and confirmed in writing.

3. Guarantee Commitment

If your loan does not close on time due to delays caused solely by Fix and Flip Loan Texas, you may receive a credit of up to $1,000 applied toward closing costs.

4. Exclusions

On-Time Closing Guarantee does not apply in cases involving:
– Borrower delays or failure to respond
– Third-party delays (e.g., title companies, appraisers, inspectors)
– Natural disasters or force majeure
– Loan program ineligibility or underwriting denial

5. Claiming the Guarantee

To claim a benefit under this Guarantee, you must:
– Notify us in writing within 10 business days of the missed closing
– Include documentation showing compliance with eligibility requirements

6. Limitations

This Guarantee:
– Is limited to one claim per borrower per transaction
– Has a maximum value of $1,000
– Does not apply to refinances, commercial construction loans, or DSCR loans

7. No Cash Value

This Guarantee has no cash surrender value and may only be applied as a credit at the time of closing.

8. Changes to Terms

Fix and Flip Loan Texas reserves the right to modify or discontinue this Guarantee at any time without prior notice.

9. Contact Us

📧 Email: closings@fixandfliploantexas.com
📬 Mail: 1910 Pacific Ave. Suite 2000. Dallas, TX 75201
📞 Phone: (800) 664-7505