Best Price Guarantee
Loan Factory's $2,000 Best Price Guarantee, in Plain English
Loan Factory backs its rates with a $2,000 check if any lender beats them on the same loan. Rate Direct is the consumer pricing site of a Loan Factory loan officer, so you get the guarantee AND live wholesale rates you can see upfront, with no contact info required.
See your rate first, then decide
Most price-beat programs reward you after you've already shopped, locked, and closed somewhere else. Skip that work: enter your scenario below and see live rates from hundreds of wholesale lenders in seconds. If you close with us, the guarantee still has your back.
Conventional Loan Facts
- Down payment as low as 3% for first-time homebuyers, 5% for others
- Down payment assistance programs available to fully cover the 3% down payment
- Private Mortgage Insurance (PMI) required below 80% LTV - automatically removed at 78%
- Maximum DTI typically 45%, up to 50% with strong compensating factors
- Minimum credit score generally 620; best rates at 740+
- Available for primary residence, second home, or investment property
- No upfront mortgage insurance premium - only monthly PMI if applicable
What the $2,000 Guarantee Actually Covers
Eligible loan types
Fixed-rate Conventional Conforming, FHA, and VA. No Jumbo. No High Balance.
Minimum loan size
$200,000 or higher.
What "better" means
A strictly lower combination of interest rate, lender fees, and monthly mortgage insurance on an identical loan.
Documentation required
Same-day quotes from both lenders, locked Loan Estimates, and final Closing Disclosure from the competitor within 10 business days of closing.
Payout timing
$2,000 check within 30 days after all paperwork is verified.
Exclusions
Not available in Washington state. Builder preferred lenders and credit unions are excluded. Offer expires December 31, 2026.
Full official terms are published on Loan Factory's site. Always confirm details on the lender's guarantee page before relying on this summary.
Why You Can Just See the Price Here Instead
A price-beat guarantee is a clever marketing tool, but the work falls on the borrower. You have to keep two lenders alive simultaneously, lock both, collect documents, close with the lender who didn't win the rate war, and then chase the $2,000 check. That's real overhead.
Rate Direct removes the riddle: pricing is live, posted upfront, and pulled from the same wholesale market other brokers price into. The guarantee is still there if you want it; the price is just visible first.
No phone tag
No contact form gate. Pricing renders in seconds.
Wholesale, not retail
Same lender pool the big shops price into - shown raw.
Guarantee still valid
Close with us and the $2,000 backstop comes along.
Frequently Asked Questions
How much is the Loan Factory Best Price Guarantee?+
Loan Factory's Best Price Guarantee currently pays $2,000 if you close with another lender at a strictly better combination of interest rate, fees, and monthly mortgage insurance on the same loan. The program was previously $1,000 and was raised to $2,000.
Which loan types are covered by the $2,000 guarantee?+
Fixed-rate Conventional Conforming loans, FHA loans, and VA loans. Jumbo loans and High Balance loans are excluded. The minimum loan amount is $200,000.
What do I have to do to claim the $2,000?+
Get a same-day quote from Loan Factory and a competing lender, lock both on the same day, submit the competitor's locked Loan Estimate within one business day, close the loan with the competitor, and submit the final Closing Disclosure within 10 business days of closing. If all documents match, Loan Factory pays within 30 days.
Is the guarantee available in every state?+
It is available nationwide except Washington state. Loans through builder preferred lenders and credit unions are excluded. The current promotion runs through December 31, 2026.
Why does Rate Direct show live rates if Loan Factory's guarantee already covers price?+
Rate Direct is the consumer pricing site of a Loan Factory loan officer. The $2,000 guarantee is a safety net you only collect after closing somewhere else; live pricing here lets you see the wholesale market in seconds without any quote game. You get the guarantee AND see the price upfront.
Can I use the Best Price Guarantee on a refinance?+
Yes - the guarantee applies to both purchase and refinance transactions as long as the loan is a fixed-rate Conventional Conforming, FHA, or VA loan and meets the $200,000 minimum.
Ready to lock?
Same-day Loan Estimate and pre-approval when you complete a short application. Backed by the Loan Factory $2,000 Best Price Guarantee on qualifying loans.
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