*Based on ACUMA Q2 2021 data, published October 2021, for credit unions under $3 Billion in assets. **15-Day "Ready to close" is defined as ready to send final loan documents to your settlement agent for signing by you. Offer and terms: If FPCU is not ready to provide final loan documents for signing within 15 business days of receiving an executed sales contract, all loan documentation as required, acknowledgement to proceed and upfront appraisal fee, FPCU will credit up to $850 towards our processing fee if the loan is funded with FPCU. Member must specifically request the program “Ready to Close” for a maximum 45 day escrow.
Members must be pre-approved by FPCU prior to and within 90 days of the executed purchase contract with no material financial changes. Members must provide a final purchase contract, executed by both parties and all supporting loan documentation as required within two days of the date of the contract (contact your Mortgage Loan Consultant at 877.404.3728 for required documents). In addition, acknowledgement of intent to proceed by the member must be received within the 2 days to start the clock. Loan rate, amount and terms must be locked and not changed at least 10 business days prior to the “Ready to Close” signing date. Offer is good for purchase loan applications received with an executed purchase contract. Offer available only for conforming, high-balance conforming, and Jumbo 1st mortgage purchase loans for a single-family residence, PUD, or condo in California. Not available for refinance loans, FHA/VA programs, HELOCs, 2nd mortgages, 2-4 units, or purchase loans outside of California. The guarantee does not apply if events occur beyond the control of Financial Partners Credit Union, including but not limited to: appraised value; borrower, seller, escrow, title, or other 3rd party delays; 2nd lien holder approval; short sale approval; lender conditions that cannot be met by any party; or acts of God (inclement weather, disaster, etc.). Purchase guarantee is not transferable to another borrower or another property. Program and/or terms subject to change without notice. All loans are subject to credit approval. NMLS#401427