With so many people entering the housing market in recent years, it’s important that your offer stands out from the competition! Our Power Buyer program gives you a firm advantage over other buyers by allowing you to make a cash offer with a guaranteed closing for as little as 1% of the purchase price*!
The Power Buyer program is used in conjunction with our HomeXpress preapproval program to provide the strongest cash offer possible. When you provide your Loan Originator with your documentation and financial information, they can develop a preapproval letter for you before house hunting even begins.
By being a preapproved Power Buyer with an all-cash offer, your offer is four times more likely to be accepted, according to an analysis from Redfin.**
Ready to learn more about how you can use our Power Buyer program? Contact us to be put in touch with one of our knowledgeable Loan Originators! They’ll help you through every step of the process and ensure you reach the closing table.
*3% will be put into escrow at the time you sign the Power Buyer contract. 2% would be remitted if you close on time. The fee is 1% of the purchase price, if using Homestead Funding Corp. for financing or 2% if using another lender. If Power Buyer Services, LLC has to purchase the home and use the delay financing option, the fee is 3%. **Redfin News, 3/22/21.
Homestead Funding offers exceptional customer service and a convenient mortgage process. Whatever your financing needs, our goal is to exceed your expectations.