20 Day Pledge
For home mortgages (purchase and refinance) we pledge to get your loan “approved to close” within 20 business days, once we receive your application and all requested documentation. “Approved to close” is defined as the point in time when a loan has been approved by LifeStore Bank and the preliminary closing package is being prepared to send to the Attorney.
- Our 20 Day Pledge begins once you submit a completed mortgage loan application and all other requested documentation to one of LifeStore's mortgage lenders.
- If you are purchasing a home, you must include a fully executed offer to purchase and purchase contract with your application.
- The requested documentation you provide must substantially match the information in your mortgage loan application. Any undisclosed debts, misrepresentation or substantial change in circumstances (including but not limited to: additional debt, loss of or change in employment, substantial change in income, or an appraised value that does not support the purchase or refinance loan amount) will nullify the 20 Day Pledge.
- If third party (Appraiser, Attorney, etc.) fails to deliver requested documentation within the requested time frame, the 20 Day Pledge is nullified.
- This 20 Day Pledge applies only to primary and secondary homes in our local market area (Alleghany, Ashe, Watauga, Avery, Wilkes and Caldwell Counties in North Carolina).
- Government (USDA, FHA, VA) loans do not qualify for our 20 Day Pledge.
- If you meet all the conditions of the Pledge and we fail to get your loan “approved to close” within the 20 business days, we will credit you $250 at loan closing.
- All loans made by LifeStore Bank are subject to approval.
20 Day Pledge Guarantee If you meet all the conditions of the Pledge and we fail to get your loan “approved to close” within 20 business days, we will credit you $250 at loan closing.
Simply complete the form below and one of our mortgage lenders will contact you before the end of the next business day. They will help you understand your options and take care of the details to get things started.