What’s the fine print for the Beeline Price Pact?
If you think another lender has a lower price:
Contact your Loan Guide and send them the non-Beeline Loan Estimate with a locked rate (no more than 1 business day old).
We’ll promptly review it.
Then if the non-Beeline one is cheaper fair and square, we'll beat it or admit defeat and give you a $100 gift card at closing.
Oh, and you can access our Price Pact right up until you lock your loan with us.
Here’s how to get a $250 lender credit or $100 gift card.
If possible, we'll beat our competitor's LE by matching the rate AND throwing in a $250 lenders credit at closing. If, by some miracle we can’t match it, we’ll send you a $100 gift card once you close with the other lender. You’ll just need to send us your signed final disclosures to confirm you closed with them.
We’ll also confirm that you didn’t get a different deal than what we saw when we did the Price Pact review (i.e. the lender fees (including credits, points, etc.) and interest rate are ultimately lower than what we offered you, you got the same loan product, etc.), as sometimes this can change between the other lender giving you an initial LE and where you ultimately land at closing.
What type of loan?
Conventional/agency loans only (does not apply to non-QM/FHA/VA/Jumbo)
Can be a purchase or refinance (must be a first lien - no HELOCS/HELOANs, seconds, etc.)
Can be on any property type (single-family or multi-unit) and for any occupancy purpose (primary, second home or investment property)
What else?
Any other documentation to show the competitor’s terms won’t qualify for the offer.
Make sure the lender information on the LE is completed, otherwise we can’t accept it.
We can’t accept an LE from a builder who is also acting as your lender.
We will verify that the competitor's LE is valid.
If your Beeline loan doesn’t close within the rate lock period, the Beeline Price Pact may be voided.
The terms of the competing loan must be identical to the one you want with us.
The Beeline Price Pact is not valid if the original loan terms or conditions change prior to closing.
The amounts on our upfront LE may vary slightly from the closing disclosure, which you’ll get after the LE.
The Beeline Price Pact is only valid in states where we’re currently originating loans and licensed.
If you want to use the Beeline Price Pact to refinance a loan we’ve originated, you’ll have to wait 6 months from the funding date of the previous loan.
The Beeline Price Pact can’t be used if you’ve locked a rate with us in the previous 60 days.
The Beeline Price Pact is only valid once per loan.
The Beeline Price Pact doesn’t guarantee loan approval, nor is it an offer or commitment to lend. A final loan decision cannot be made until a complete home loan application and supporting documentation is received and verified. Loan approval is also subject to standard underwriting guidelines, investor conditions, and receipt of a satisfactory appraisal and title report.
We are not able to offer the Beeline Price Pact on loan amounts that exceed the current conforming loan limits set by FHFA (currently $806,500 for single family homes in most areas and $1,209,750 for high cost areas)
The terms and conditions of this offer may change without notice, including termination of the program.
Contact your Loan Guide and send them the non-Beeline Loan Estimate with a locked rate (no more than 1 business day old).
We’ll promptly review it.
Then if the non-Beeline one is cheaper fair and square, we'll beat it or admit defeat and give you a $100 gift card at closing.
Oh, and you can access our Price Pact right up until you lock your loan with us.
Here’s how to get a $250 lender credit or $100 gift card.
If possible, we'll beat our competitor's LE by matching the rate AND throwing in a $250 lenders credit at closing. If, by some miracle we can’t match it, we’ll send you a $100 gift card once you close with the other lender. You’ll just need to send us your signed final disclosures to confirm you closed with them.
We’ll also confirm that you didn’t get a different deal than what we saw when we did the Price Pact review (i.e. the lender fees (including credits, points, etc.) and interest rate are ultimately lower than what we offered you, you got the same loan product, etc.), as sometimes this can change between the other lender giving you an initial LE and where you ultimately land at closing.
What type of loan?
Conventional/agency loans only (does not apply to non-QM/FHA/VA/Jumbo)
Can be a purchase or refinance (must be a first lien - no HELOCS/HELOANs, seconds, etc.)
Can be on any property type (single-family or multi-unit) and for any occupancy purpose (primary, second home or investment property)
What else?
Any other documentation to show the competitor’s terms won’t qualify for the offer.
Make sure the lender information on the LE is completed, otherwise we can’t accept it.
We can’t accept an LE from a builder who is also acting as your lender.
We will verify that the competitor's LE is valid.
If your Beeline loan doesn’t close within the rate lock period, the Beeline Price Pact may be voided.
The terms of the competing loan must be identical to the one you want with us.
The Beeline Price Pact is not valid if the original loan terms or conditions change prior to closing.
The amounts on our upfront LE may vary slightly from the closing disclosure, which you’ll get after the LE.
The Beeline Price Pact is only valid in states where we’re currently originating loans and licensed.
If you want to use the Beeline Price Pact to refinance a loan we’ve originated, you’ll have to wait 6 months from the funding date of the previous loan.
The Beeline Price Pact can’t be used if you’ve locked a rate with us in the previous 60 days.
The Beeline Price Pact is only valid once per loan.
The Beeline Price Pact doesn’t guarantee loan approval, nor is it an offer or commitment to lend. A final loan decision cannot be made until a complete home loan application and supporting documentation is received and verified. Loan approval is also subject to standard underwriting guidelines, investor conditions, and receipt of a satisfactory appraisal and title report.
We are not able to offer the Beeline Price Pact on loan amounts that exceed the current conforming loan limits set by FHFA (currently $806,500 for single family homes in most areas and $1,209,750 for high cost areas)
The terms and conditions of this offer may change without notice, including termination of the program.
Updated on: 26/02/2025