Lowest Rate ➔ Or We Pay You
We beat your loan rate with any lender in Texas - or we'll send you a $1,000 check.
How This (Crazy Good Offer) Works:
Step 1: Send us a Loan Estimate from another lender—we’ll run the numbers and compare.
Step 2: If we can’t beat the deal upfront, lock in your rate with that lender and share their locked Loan Estimate (dated the same day) with us for one final shot at beating it.
Step 3: If we still can’t offer you a better deal, go ahead and close with them. After closing, show us the Final Closing Disclosure—and Texas United Mortgage will pay you $1,000.
Nobody Wants To Pay An Extra $50/mo For The Next 30 Years. That's Why We Make This Promise.
We've seen it way too many times: mortgage officers that take big fat commissions at your expense.
But you didn't know it because your loan was just a tiny bit higher.
You're looking for the home that will build memories for a lifetime without the stress of making the monthly payments.
By working wide range of lenders, we pass the savings on to you. That’s why we’re confident enough to guarantee it.
Most lenders wouldn’t dare make an offer like this... because they know they’d be paying out way too often.
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Texas United Mortgage - Lowest Rate Guarantee Terms and Conditions
Effective Date: Jan 8, 2025
1. The Guarantee: Texas United Mortgage ("TUM") guarantees to beat a competitor's qualifying mortgage interest rate (by offering a lower rate for the same or lower total points and lender origination fees on an otherwise identical loan product) or pay you $1,000 ("Guarantee Payment"). This Guarantee is subject to these terms.
2. Eligibility: To be eligible, you must:
- Have submitted a complete TUM mortgage application for an eligible loan type ([Specify eligible types, e.g., Conventional, FHA, VA Fixed-Rate purchase/rate-term refi ONLY]) secured by property in Texas.
- Meet TUM's standard credit, income, asset, and underwriting requirements.
- Exclusions: This guarantee excludes [Specify key exclusions, e.g., HELOCs, ARMs, Jumbo, Construction, Reverse Mortgages, loans via brokers not funding directly, non-QM loans, etc.].
- This Guarantee is not a commitment to lend.
3. Qualifying Competitor Offer: You must provide TUM with a complete, official, executed, and locked Loan Estimate (LE) from a competing licensed Texas mortgage lender. The competitor LE must meet all the following conditions:
- Identical Loan: Match the TUM application exactly (program, loan amount, term, LTV, property type, approx. closing date).
- Locked Rate: Clearly show a locked interest rate and the lock expiration date.
- Same-Day Submission: Be provided to your TUM Loan Officer on the same calendar day it was locked by the competitor, and before you lock your rate with TUM. Offers presented later are ineligible.
- Complete & Verifiable: Include all pages, be unaltered, and be verifiable by TUM.
4. Comparison Basis: TUM compares its best rate offer against the competitor LE's locked rate and total points/lender origination fees for the identical loan scenario. TUM "beats" the offer if our rate is lower at the same or lower points/fees. A matching rate with lower points/fees also constitutes beating the offer. The comparison excludes APR and third-party fees.
5. Claim Submission & Verification: Submit the qualifying LE according to Section 3(c). By submitting, you authorize TUM to contact the competitor to verify the offer's authenticity and terms, and you agree to cooperate if needed. TUM requires up to three (3) business days after receiving the LE and necessary verification to determine if it can beat the offer.
6. $1,000 Guarantee Payment: The $1,000 payment is issued only if:
- You meet all eligibility requirements (Section 2).
- You provide a complete, valid, verifiable competitor LE meeting all criteria, including same-day submission (Section 3).
- TUM confirms in writing that it cannot beat the competitor's verified offer as defined in Section 4.
- No Payment if Beaten: If TUM can beat the competitor's offer, the $1,000 is not paid, regardless of whether you accept TUM's offer.
- Details: Payment via check to the primary applicant within 45 days of TUM's confirmation. Limit one payment per loan transaction/property address per 12 months. You are responsible for all taxes (TUM may issue a 1099).
7. Exclusions: This Guarantee explicitly does not apply to:
- Ineligible loan types or lenders (see Sections 2 & 3).
- Offers not presented on an official, locked LE.
- Competitor LEs not submitted on the same calendar day they were locked.
- New Builder Lenders: Offers from lenders affiliated with, owned by, required by, or providing exclusive incentives through a new home builder or construction company.
- Offers contingent on membership (e.g., credit unions), employment, relocation benefits, or non-standard builder/seller incentives.
- Unverified, expired, altered, or withdrawn competitor offers.
- Offers where loan parameters (credit score, LTV, etc.) change after LE issuance.
- Loans already rate-locked or closed with TUM.
- Market rate changes after the comparison window.
8. Program Modification and Termination: TUM reserves the right to modify, suspend, or terminate this Guarantee program at any time without prior notice. Changes apply prospectively to claims submitted after the modification date.
9. Governing Law: These Terms and Conditions are governed by the laws of the State of Texas.
10. Disclaimer: This Guarantee is not a commitment to lend. Loan approval is subject to underwriting. Texas United Mortgage is an Equal Housing Lender. Consult your financial advisor. TUM is not responsible for competitor actions or failure to honor their offers.
11. Contact Information: For questions regarding this Guarantee, contact your Texas United Mortgage Loan Officer, or contact us here.