Aurora Financial is committed to providing the fastest closing times in the Industry. We guarantee we will close a Purchase transaction On Time or we’ll credit the borrowers $1,000 at the time of closing.
Conditions for the ON TIME CLOSING GUARANTEE:
- W2 Borrowers (Must have the same job for the last 2 years)
- FHA and Conventional Loans
- Provide all income / asset documentation along with a ratified sales contract
- Loan amounts over $200,000 to $625,500 (Non Conforming/Jumbo/Non Agency Loans NOT Eligible)
- Borrowers must have filed tax returns for the last 2 years
- DU Approve/Eligible loans only
- Primary Owner Occupied Properties only
- Minimum credit score 680
Ineligible for the Closing Guarantee:
- Self Employed borrowers
- Delays in Appraisals / Value Issues
- Delayed Payoffs
- Subordination Agreements
- Non Arm Length Transactions
- Title issues
- Condominiums do not qualify
- Filed for extension with the IRS
- Delays in obtaining Mortgage Insurance
- HOA Delays
- Short Sales / Foreclosures
- Gift Funds
- Second Homes/ Investment Properties
- Non Conforming/Jumbo/Non Agency Loans NOT Eligible
- Refinance or Cash-out refinance
If the property / borrowers do NOT qualify for the On Time Closing Guarantee, We will make every effort to close the loan in the shortest time possible! (Typically 10 Business Days)
Aurora Financial
2010 Corporate Ridge. Suite 420.
McLean, VA 22102
Hours: 8:30 A.M. to 6 P.M.
Other by Appointment
