The program has no hidden costs or added fees. HomeLight Cash Offer costs the same as a traditional mortgage, so long as you use HomeLight Home Loans as your lender, and our mortgage rates are typically in-line with what you would see from other local lenders.

It depends on how quickly you are able to provide the requested documentation for your upfront underwrite. HomeLight can complete the underwrite in a few days after we have the loan application and all supporting documents.

Yes. In most cases, an appraisal is required. The appraisal occurs after your short-term cash loan closes, but before the refinance of the short-term cash loan into a long-term mortgage. This is to protect you from appraisal gap risk while removing the appraisal contingency on your offer.

HomeLight provides you with a short-term Cash Loan at the same interest rate as your mortgage, which you combine with your own down payment to purchase your home. You will receive loan disclosures for both your short-term cash loan and your mortgage once you’re under contract with the seller.

HomeLight Cash Offer is a great fit for a variety of buyers — we’re able to approve up to $2 million in loan value.