On Time Closing Guarantee

Aurora Financial is committed to providing the fastest closing times in the Industry. We guarantee we will close a Purchase transaction in 7 Business days 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
-7 Day Clock starts when borrowers sign all initial disclosures
-Provide all income / asset documentation along with a ratified sales contract
-Loan amounts over $200,000 to $417,000
-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
-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

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

Insurance • Investments • Mortgages
Vienna, VA, Fairfax County, and Washington, DC