All Cash Advantage
Competitive Advantage
Offer sellers All-Cash, put down a minimum of 25%, Union provides a short-term loan for the balance for a total fee of 2%. Our partnership with mortgage lenders ensures that these short-term loans are seamlessly converted into conventional loans within approximately 20 - 30 days.
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Stronger Negotiating Position: Buyers may negotiate a lower purchase price due to the attractiveness of a quick, assured sale.
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Faster Closing: Significantly reduces the time to close, appealing to sellers who desire or need to sell quickly.
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Deal Certainty: Sellers often prefer All Cash offers as they eliminate financing contingencies and the risk of loan approval failures.
Simple Process
Step 1: Get Pre-Approved with Mortgage Lender that will be providing standard mortgage.
Step 2: Union issues proof-of-funds letter for the amount approved by Mortgage Lender to be presented to sellers with All-Cash Offer.
Step 3: Realtor submits accepted Purchase Contract and Inspection Report to Union prior to funding.
Step 4: Mortgage Lender refinances Union’s short-term loan into standard mortgage. Union’s loan includes 2% fee and interest charged at same rate as negotiated with Mortgage Lender for first 30 days.