|February 01, 2018|
|Redfin Mortgage Launches in Virginia|
Redfin Mortgage also offers a 30-day closing guarantee, demonstrating its commitment to fast, on-time closings. If Redfin Mortgage is unable to fund a mortgage in 30 days, it will give the homebuyer a
The closing guarantee is enabled by Redfin Mortgage's fully-underwritten pre-approval, in which all required borrower information is underwritten by the company in advance of the homebuyer finding a property to purchase. This gives the buyer and the seller a stronger commitment that the loan will be approved as long as the home has a clean title and appraises for the proposed sale price or more. The buyer must also provide proof of homeowners insurance to complete the transaction.
"The Redfin Mortgage 30-day closing guarantee gives homebuyers an edge in the current real estate market driven by low inventory and strong competition," said
Redfin Mortgage also offers:
With this announcement, Redfin Mortgage now serves homebuyers in
Redfin Mortgage primarily serves homebuyers who choose to work with a Redfin agent because Redfin Mortgage is built to seamlessly integrate with Redfin's home-buying service and, when desired, Title Forward, Redfin's title insurance and settlement company. However, Redfin real estate agents are not compensated for recommending Redfin Mortgage. Redfin agents will continue to encourage homebuyers to work with the lender that offers the best combination of service and rates.
Redfin Mortgage is working toward offering a totally digital loan origination process, from loan application to closing, with better service and lower fees. Building on Redfin's existing technology platform and customer-centric model, Redfin Mortgage aims to be the fastest and most transparent way for homebuyers to receive a quote, get pre-approved for a loan and finance their home purchase.
For more information about Redfin Mortgage and current rates, visit www.redfin.com/mortgage.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the
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Redfin Journalist Services, Alina Ptaszynski, 206-588-6863, firstname.lastname@example.org