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Guild Mortgage Helps Homebuyers Compete with All-Cash Offers with New CashPass Program

Homebuyers can write a cash offer with no financing or appraisal contingency; Guild Mortgage guarantees to pay cash for the home and provides conventional financing to make it happen

San Diego – May 16, 2022 — Guild Mortgage (NYSE: GHLD), a growth-oriented mortgage company that has originated and serviced residential loans since 1960, introduced CashPass, a new program to help homebuyers compete with all-cash offers in today’s competitive housing market.

Guild’s CashPass program allows homebuyers to write a cash offer with no financing or appraisal contingency required.

In today’s increasingly competitive housing market, all-cash offers are how more and more homes are being acquired, making it difficult for prospective homebuyers who need financing to compete. Prospective homebuyers who offer all-cash nearly quadruple their chances of winning a bidding war, according to recent data from Redfin, making it the most effective strategy to win a home in a competitive situation.

The rise in all-cash home purchases comes during a continuing seller’s market. Historically, low supply has tipped the scales and increased demand among homebuyers.

“With less inventory, sellers are getting multiple strong offers and we want to help our clients compete and win,” said Mary Ann McGarry, CEO, Guild Mortgage. “In this competitive housing market, Guild recognizes the need to help level the playing field for our clients who aren’t able to make an all-cash offer on their own. Guild’s CashPass program helps homebuyers make a more competitive offer that can be vital to winning when a seller is faced with multiple bids to choose from. It’s one more thing we are doing to help deliver on our promise of home.”

The Guild Mortgage CashPass program is available in 11 states: Arizona, California, Colorado, Massachusetts, Missouri, Nevada, Oregon, Pennsylvania, South Carolina, Texas and Washington, with more states coming soon.

The CashPass program is available for Conventional financing options to homebuyers with credit scores of 680 and above. If a homebuyer needs to use proceeds from the sale of an existing primary home to meet down payment requirements, Guild Mortgage offers a bridge loan program that may be an option. With Guild’s Lock and Shop option, homebuyers can lock their loan for 120 days while they shop for a home. There is a $1,500 upfront lock-in fee required, which is applied toward closing costs at the time of funding. Homebuyers must go into contract within the first 90 days of the lock. This gives Guild customers a way to lock, shop and write an all-cash offer to make a more competitive bid.

For more information on the CashPass program, eligibility requirements, terms and conditions, please visit, For terms and conditions on Lock and Shop, please visit

Headquartered in San Diego, Guild Mortgage is a leading national lender with an established history of offering a comprehensive array of loan products and partnering with government organizations to help deliver the promise of home in every neighborhood and community. Its loan professionals serve the needs of any homebuyer, from helping first-time buyers achieve homeownership, often through government loan programs, to those looking for jumbo loans. Guild Mortgage also helps active duty and retired military personnel who qualify for VA loans with 100% financing and flexible qualifying standards. The company is consistently recognized for its community impact, commitment to customer service, strength in regulatory compliance, and workplace culture.

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About the Author: Guild Mortgage

Founded in 1960 when the modern U.S. mortgage industry was just forming, Guild Mortgage Company is a nationally recognized independent mortgage lender providing residential mortgage products and local in-house origination and servicing. Guild’s collaborative culture and commitment to diversity and inclusion enable it to deliver a personalized experience for each customer. With more than 4,000 employees and over 250 retail branches, Guild has relationships with credit unions, community banks, and other financial institutions and services loans in 49 states and the District of Columbia. Guild’s highly trained loan professionals are experienced in government-sponsored programs such as FHA, VA, USDA, down payment assistance programs and other specialized loan programs. Guild Mortgage Company is a wholly owned subsidiary of Guild Holdings Company, whose shares of Class A common stock trade on the New York Stock Exchange under the symbol GHLD.