FLOW Mortgage stands unafraid to offer our FLOW $1,000 Lowest Rate & Fees Guarantee. We’ve done our homework and shop the competition regularly. As an independent South Carolina mortgage broker, we shop our premier network of wholesale lenders to find you the absolute lowest combination of rate and fees. In addition, we also simply make less on every loan.
If you close a loan with any lender for a lower combination of interest rate, fees, and monthly mortgage insurance—we’ll send you a $1,000 check
What we lose in margin on each deal, we make up for in volume. We have a unique, low-cost business model that other lenders simply can’t compete with. These are the reasons we have such rock-bottom rates and why we confidently offer our $1,000 Lowest Rate & Fees Guarantee. Other banks, credit unions, and mortgage companies will not guarantee they have the lowest rates and fees, simply because they don’t have the lowest rates and fees–and they know it.
Terms & Conditions
If you close a loan with any lender for a lower combination of interest rate, fees, and monthly mortgage insurance—we’ll send you a $1,000 check.
Here are the conditions you must meet to ensure you’re getting a true apples-to-apples comparison, and everyone is playing on the same honest, transparent playing field:
- Quote: Provide us with an official, detailed, written competitor’s quote. Quote detail must show the lender’s name, date of the quote, loan type, term, purchase price/property value, loan amount, interest rate, monthly mortgage insurance amount (if applicable), exact amounts for all lender fees, discount points, lender credits/rebates, and exact amounts for all third-party charges for appraisal, credit report, and title company fees. You must provide us with the quote within 1 business day from the date they give it to you, and then obtain a written quote from us and allow us to go over the quotes with you on the phone.
- Rate Lock: Inform us you’re going with the other lender and lock your rate the same day you get the written quote from FLOW Mortgage (if not already locked). Within 48 hours (two business days) of locking your rate, you must email us a complete (all pages), unaltered copy of your official locked rate LE (loan estimate) provided by that
- Closing: Within 48 (two business days) hours of closing your loan, provide us your complete (all pages), unaltered final, signed CD (closing disclosure), and the “NOTE” from your closing documents. Closing documents must exactly match the original written quote AND locked loan estimate they provided you, and that you gave to us. This will confirm they actually delivered exactly what they quoted, and it indeed was a lower combination of interest rate, fees, and monthly mortgage insurance (if applicable).
- Superior Pricing and Claiming Your $1,000: If we are able to provide you with a better price after you lock with a competitor, and before the day you close with them, and you choose not to accept/proceed with our superior pricing, you will not be eligible for the $1,000 lowest rate guarantee. If we are unable to provide you with a better price before you close with a competitor; the original detailed quote, your official locked loan estimate, and your final, signed closing disclosure and note all match, showing the exact same combination of interest rate, fees, and monthly mortgage insurance on each; and you’ve met the above terms and requirements, we’ll send you a check for $1,000 within 30 days.
There are a lot of smoke-and-mirrors tactics employed by lenders who cannot deliver you the lowest combination of rates and fees. We treat every single client with absolute honesty and transparency. By independently shopping the nation’s premier lenders, using our volume discounts as a broker, and making less on each loan; FLOW Mortgage delivers tremendous savings to our clients. It’s mortgage lending done right!
Restrictions
The $1,000 lowest rate guarantee is not offered on all loan types and is limited to fixed-rate conventional, FHA, VA, and USDA loans. The guarantee is only offered on identical matching loan types and products provided by FLOW Mortgage on loan amounts of $200,000 or higher. You will not be entitled to the $1,000 guarantee if you choose to decline a superior price from FLOW Mortgage that is made to you anytime after you lock in with a competitor and before you close/sign final documents with that competitor.
