$500 Best Price Guarantee

1. Quote

Provide HomePilot with an official, detailed, written competitor quote or Loan Estimate. The document must show:

• Lender name and NMLS ID
• Date of the quote
• Loan type and term
• Purchase price or property value
• Loan amount
• Interest rate and APR
• Monthly mortgage insurance amount, if applicable
• Exact amounts for all lender fees
• Discount points and any lender credits or rebates
• Exact amounts for third-party charges including appraisal, credit report, and title

You must provide the competitor quote to HomePilot on the same day you receive it, obtain a written quote from HomePilot on that same day, and allow us to review both quotes with you by phone.

Interest rates change daily and sometimes several times within a single day. A quote from one lender on Tuesday cannot be fairly compared to a quote from another lender on Thursday. Quotes must be dated the same day to qualify.

2. Rate lock

If you decide to proceed with the other lender, notify HomePilot and lock your rate on the same day you obtained both written quotes.

Within one business day of locking, email HomePilot a complete, unaltered copy of the locked Loan Estimate issued by that lender, including all pages. The locked Loan Estimate must match the fee sheet or preliminary Loan Estimate you originally provided to us, and must state the lender’s name, the date, the interest rate, the APR, the loan type and term, the exact mortgage insurance amount if applicable, the lock length, and any points, costs, rebates, or credits associated with the rate.

3. Closing

Within 10 business days of your disbursement date, provide HomePilot with a complete, unaltered, signed final Closing Disclosure including all pages, together with the Note from your closing package.

Your closing documents must match the original written quote and the locked Loan Estimate you provided to us. This confirms the other lender delivered what they quoted, and that it was in fact a lower combination of interest rate, lender fees, and monthly mortgage insurance.

4. HomePilot’s right to match or beat

If HomePilot provides you with better pricing at any point after you lock with the other lender and before your closing date, and you choose not to proceed with HomePilot’s pricing, you are not eligible for the $500 Best Price Guarantee.

If HomePilot is unable to provide better pricing before you close with the other lender, and your original written quote, locked Loan Estimate, signed Closing Disclosure, and Note all match and show the same lower combination of interest rate, lender fees, and monthly mortgage insurance, and all conditions above have been met, HomePilot will send you a check for $500 within 30 days of receiving your complete documentation.

5. Restrictions

• Available only in Arizona, California, Colorado, Florida, and Texas.
• Limited to fixed-rate conventional conforming loans, FHA loans, and VA loans. Jumbo, high-balance, adjustable-rate, non-QM, bank statement, bond, and down payment assistance programs are excluded.
• Offered only on loan types and products that HomePilot Mortgage also offers, on loan amounts of $200,000 or higher.
• Quotes from a builder's preferred lender, from a credit union, or from any lender-specific promotional program are excluded.
• One guarantee payment per borrower, per property, per transaction.
• Incomplete, altered, or late documentation voids the claim.
• HomePilot reserves the right to modify or discontinue this program at any time. The terms in effect on the date you submit your competitor quote govern your claim.