Cash Offer Loan

There are two different closings: A cash closing and a mortgage refinance closing.

Step 1: Cash closing – Accept.inc provides a cash loan to the borrower to fund their cash purchase. Accept.inc will fund up to 95% of the purchase price with the remainder coming from the borrower’s down-payment. With Accept.inc, the borrower can close as a cash buyer in as little as 10 days without any financing or appraisal contingencies.

Step 2: At the mortgage refinance closing, the borrower refinances their short-term cash loan into a permanent mortgage. The Homepoint refinance takes place within 30 days of completion of the Accept.inc cash offer closing.

The Cash Compete loan has a 1% fee (of loan amount). As usual, borrowers will also pay title fees, prepaid taxes, insurance, etc.

Yes, they can! It’s their home and they can move in immediately.

It’s the borrower’s offer, with Accept.inc’s cash. Just like a typical purchase, the borrower and their agent have control over the negotiations and due diligence (including inspections).

Yes, Accept.inc has a Wholesale partnership with Homepoint to provide the borrower with this cash offer program. If the borrower chooses to use another mortgage lender, they may be liable for additional costs and fees. They will also be ineligible for the Accept.inc Money Back Guarantee if they do not use Homepoint for their refinance.

Yes, they must bring the agreed upon down-payment and any applicable closing costs (i.e., title, escrow, etc.) per Accept.inc cash-offer agreement.

10 Days (from under contract to funding).

The cash offer program will close in the borrower’s name with a 1^st lien for Accept.inc.

Accept.inc value guarantee will cover the gap in property value and the Accept.inc. payoff will be reduced to offset the lower appraised value.

Conventional (only) Rate-Term Refinance (including High Balance conforming loan limits).

Colorado, California, Washington, Minnesota, and Oregon

Maximum of 95% LTV.