BuyNow Advantage

Get more buying power with an all-cash offer

Compete with all-cash buyers in competitive markets by using Guild’s BuyNow Advantage option. Sellers get the same security as an all-cash offer, and you get the financing you need.​

A real estate agent showing a family a home.

How BuyNow Advantage works?

When you apply with Guild Mortgage, let them know you’re interested in BuyNow Advantage. Then provide the information to get pre-approved just like any other loan. Once you find your new home, your loan officer will provide a BuyNow Advantage certificate for your real estate agent to make an all-cash offer with no appraisal or financing contingencies. We’ll then pay cash for your home if your loan is still in process when the home sale is finalized. With our rental agreement requirement, you can move into your home as soon as it’s purchased by Guild Mortgage.

BuyNow Advantage eligibility

  • Add BuyNow Advantage to any Conventional loan program
  • Available for primary residences, second homes or investment properties
  • Down payment varies based on occupancy
  • A minimum credit score of 680 is required

BuyNow Advantage plus bridge loan option

Looking to make your next move with an all-cash offer before you sell?

A bridge loan can give you access to your current primary home’s equity for down payment on your new purchase. Ask your loan officer for more details.

BuyNow Advantage plus Lock and Shop option

Want to secure your rate while you shop for a home and write an all-cash offer with BuyNow Advantage? Lock and Shop can give you the option to lock your loan for 120 days while you shop for your dream home​.

For Lock and Shop full terms and conditions, visit guildmortgage.com/cap-hbe-terms.

FAQs

Program details

The BuyNow Advantage program is a unique homebuying experience that turns an offer into cash. This enables homebuyers to be more competitive against other all-cash bids and/or multiple offers.

Yes. If financing is not in place by the escrow closing date, Guild Mortgage or an affiliate will guarantee to pay cash for the home and provide final permanent financing to the homebuyer thereafter.

No. There is no financing or appraisal contingency required.

Yes. The homebuyer can move into the property after executing a use and occupancy or rental agreement. Rent is due and the agreement terminates once the homebuyers purchase loan closes.

Minimum of 2% EMD required

Yes. The program participation fee of $1,350 is waived on all new loans before 12/31/24.

BuyNow Advantage program is available in all states Guild Mortgage is licensed to do business.

Yes. If the Homebuyer chooses to use another mortgage company or bank, Guild Mortgage has the right to terminate the contract and keep the deposited BuyNow Advantage participation fee and EMD.

Homebuyer approval process

The underwriter has reviewed/approved the homebuyer’s credit and verified all income and asset documentation.

The BuyNow Advantage program provides the homebuyer with a fully underwritten credit approval. This gives the homebuyer the ability to make an all-cash offer backed by Guild Mortgage. If Guild Mortgage purchases the home on buyer’s behalf, then Guild Mortgage will transfer the home to them with permanent financing.

Conventional financing on primary, second homes and investment properties are eligible with a minimum credit score of 680. Down payment requirements will vary based on occupancy type.

Eligible properties: 1-4 unit properties, including Planned Unit Developments (PUDs) or town homes.

The down payment must be deposited into escrow at least two business days before the close of escrow.

Making an offer

The following items need to be completed and submitted by the loan officer to Guild’s BuyNow Advantage Committee for approval:
  • Full credit approval has been issued
  • BuyNow Advantage Agreement signed by all buyers on the purchase and sale agreement (PSA)
  • Complete MLS listing on the property
  • Maximum cash offer price being requested
  • MLS listings for three comparable sales (recommended)

The BuyNow Advantage certificate is the buyer’s proof of funds that will be required by the purchase contract.

Yes. The Guild Mortgage BuyNow Advantage Committee approval is specific to each property.

Yes. The offer must be contingent on a home inspection to verify safety and livability of the home, and Covenants, Conditions & Restrictions (CC&Rs) if applicable to the property being purchased. There is a minimum requirement of 7 calendar days for the contingency period for the home inspections and CC&Rs unless Guild Mortgage agrees on a shorter timeframe in writing. Pre-Inspections are permitted.

Yes. The Purchase and Sale Agreement (PSA) must be written with the homebuyer’s name and Guild Mortgage as Nominee-and or assigns. The PSA must also include Guild’s BuyNow Advantage program PSA addendum as a clause and/or real estate addendum based on state requirements. The PSA must reflect a minimum of 14 business days until the close of escrow.

Yes. Guild Mortgage requires the following title/escrow company to be used: Stewart Title and Escrow

BuyNoW Advantage plus bridge loan option

Guild Mortgage’s Bridge loan can help! If the homebuyers need the equity from the sale of their existing primary residence to meet the down payment required, our Bridge loan program might be an option.

Ready to get started?

Contact a Guild Mortgage loan officer and let them know you are interested in the BuyNow Advantage program.

All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction. BuyNow Advantage program is available in all states Guild Mortgage is licensed to do business. A non-refundable participation fee, along with a minimum 2% earnest money deposit is required for participation in this program. Other costs may apply.

*Program participation fee is not allowed in the state of WA.

Ready to get started? Get an estimate of your mortgage payment with our mortgage payment calculator.

Home Loan Guide

Questions about the home buying process? Our Home Loan Guide has the answers you need to make smart decisions. Learn More