Compete with all-cash buyers in competitive markets by using Guild’s CashPass option. Sellers get the same security as an all-cash offer, and you get the financing you need.
How CashPass works?
When you apply with Guild Mortgage, let them know you’re interested in CashPass. Then provide the information to get pre-approved just like any other loan. Once you find your new home, your loan officer will provide a CashPass certificate for your real estate agent to make an all-cash offer with no appraisal or financing contingencies. We’ll then pay cash for your home if your loan is still in process when the home sale is finalized. With our rental agreement requirement, you can move into your home as soon as it’s purchased by Guild Mortgage.
Add CashPass to any Conventional loan program
Available for primary residences, second homes or investment properties
Down payment varies based on occupancy
A minimum credit score of 680 is required
CashPass + Bridge loan option
Looking to make your next move with an all-cash offer before you sell?
A Bridge loan can give you access to your current primary home’s equity for down payment on your new purchase. Ask your loan officer about more details.
CashPass + Lock and Shop option
Want to secure your rate while you shop for a home, plus write an all-cash offer with CashPass? Lock and Shop can give you the option to lock your loan for 120 days while you shop for your dream home.
The CashPass program provides the homebuyer with a fully underwritten credit approval. This gives the homebuyer the ability to make an all-cash offer backed by Guild Mortgage. If Guild Mortgage purchases the home on buyer’s behalf, then Guild Mortgage will transfer the home to them with permanent financing.
Yes. The offer must be contingent on a home inspection to verify safety and livability of the home, and Covenants, Conditions & Restrictions (CC&Rs) if applicable to the property being purchased. There is a minimum requirement of 7 calendar days for the contingency period for the home inspections and CC&Rs unless Guild Mortgage agrees on a shorter timeframe in writing. Pre-Inspections are permitted.
Yes. The Purchase and Sale Agreement (PSA) must be written with the homebuyer’s name and Guild Mortgage as Nominee-and or assigns. The PSA must also include Guild’s CashPass program PSA addendum as a clause and/or real estate addendum based on state requirements. The PSA must reflect a minimum of 14 business days until the close of escrow.
Guild Mortgage’s Bridge loan can help! If the homebuyers need the equity from the sale of their existing primary residence to meet the down payment required, our Bridge loan program might be an option.
Ready to get started?
Contact a Guild Mortgage loan officer and let them know you are interested in the CashPass program.
All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction. CashPass program is available in all states Guild Mortgage is licensed to do business. A non-refundable participation fee, along with a minimum 2% earnest money deposit is required for participation in this program. Other costs may apply.
*Program participation fee is not allowed in the state of WA.