Redfin Mortgage announced that it will now be offering loans to homebuyers in Georgia following a successful expansion in several other states.
The company aims to provide easy mortgages to homebuyers with a 30-day closing guarantee. Low rates, no lender fees and a smooth closing are all facets Redfin Mortgage strives to provide following the expansion. If for some reason Redfin Mortgage is not able to approve a loan, it will give the homebuyer a $1,000 credit toward the closing cost.
“The Redfin Mortgage 30-day closing guarantee gives homebuyers an edge in the current real estate market driven by low inventory and strong competition,” said Jason Bateman, head of Redfin Mortgage. “By earning the seller’s confidence that the sale will close on time, offers from buyers with a Redfin Mortgage pre-approval letter will stand out from the crowd in a bidding war.”
The company hopes to eventually offer a completely digital loan origination process. Redfin Mortgage also provides service in the District of Columbia, Ohio, Texas and Virginia and plans to launch in additional states in the upcoming months.