Buying a home is complicated – but it doesn’t have to be. We’re committed to a mortgage experience that’s headache and hassle-free, so we’ve partnered with Ribbon, a real estate company that offers all-cash home financing programs that give you an edge over the competition.
The buyers’ edge
There’s no doubt that in any market, cash simplifies the home buying – and selling – process. Our Ribbon partnership lets clients tap into one of two all-cash home financing programs.
Depending on your circumstances, you can choose from one of two programs. Fees range from 1 to 2.75 percent of the purchase price.
Ribbon Boost: You close with your own financing, but use Ribbon as a backup to get a competitive edge.
- Ribbon strengthens your offer with cash. If you secure financing on time, terrific! But if not, Ribbon reserves the home and sells it back to you for the same price.
- The big benefit: No more making an offer that’s “contingent on financing.” Ribbon Boost removes financial contingencies, making sellers more likely to accept your offer.
Ribbon Reserve: Ribbon purchases the home, then you move in and have time and flexibility to secure financing.
- Strengthen your bid by offering cash – then take your time to sell your existing home.
- The big benefit: Ribbon can close within 14 business days. You can reserve the home with Ribbon, move in immediately, and get up to six months to secure financing.
When you’re bidding for a house, nothing sways a seller like cash. A cash offer puts an end to the process because it eliminates any potential financing hiccups. In fact, cash offers are three times more likely to win a bid in any market.
Ribbon is currently available in these states: Alabama, Arkansas, Colorado, Florida, Georgia, Indiana, Kentucky, Missouri, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Virginia. (Ribbon’s pricing varies by product and state).
If you live in a different state, reach out to one of our loan officers. We have other cash-backed loan programs available. We’re happy to help.