.svg)
If you’re in the market to purchase a new home, you’ve probably heard more than one story about bidding wars and all-cash offers. In a seller’s market, homebuyers often need to go above and beyond to have their offers accepted, particularly when competing against all-cash offers or bids that go above asking price.
Evergreen Home Loans™ offers a solution for homebuyers who require a mortgage yet need a more competitive edge to help them win over multiple offers—and possibly multiple cash offers. CashUp™ by Evergreen* is a unique program that allows homebuyers to submit a cash offer and waive the financing and appraisal contingencies.
CashUp can offer an advantage to homebuyers in competitive markets. “We’d been looking for quite a while and put in offers that were never accepted,” reflect recent homeowners, Breanna and Nikhil. “Finally, when we put in an offer with the CashUp program, our offer was accepted. We’re super excited to have our home.” CashUp provided them with an opportunity to stand out from other offers and purchase their home.
How CashUp by Evergreen works:
With CashUp, homebuyers are preapproved with a fully underwritten credit package. This gives them the ability to make a cash offer without the need for a financing contingency. After the offer is accepted, Evergreen will purchase the home on the homebuyer’s behalf using its cash. Once permanent financing is established, Evergreen will transfer the home to the buyer.
In addition to this innovative financing process, Evergreen is a local and direct lender. Unlike other cash offer programs, they doesn’t outsource the financing. This means homebuyers get direct service and fast answers from a local loan officer who knows their market.
Why CashUp by Evergreen works:
Cash offers provide a streamlined, effective approach to home buying. They get the seller’s attention because they bring simplicity and speed to the process. CashUp by Evergreen raises the value of an offer to the same as other cash offers—or even higher. CashUp offers are so strong and attractive that sellers may value and accept them over other cash offers or offers that go above the asking price.
Another reason CashUp offers are effective is that Evergreen does the heavy lifting up-front to put homebuyers in the strongest possible position to buy. Homebuyers and real estate agents can make an offer with less worry about the competition. Recent homeowners Raymond and Alyssa experienced this first hand. “The CashUp offer made us more competitive against other bidders for the same home,” shares the couple. “The best part was definitely the quick closing time. We were able to close in about ten days.”
Homeowners like Breanna and Nikhil, and Raymond and Alyssa, used the strength of CashUp by Evergreen to purchase a home they love. Homebuyers who find themselves faced with multiple offers and bidding wars may benefit from this innovative home financing solution. In a competitive market, CashUp could help transform homebuyers into homeowners.
*Program effective 1/13/2022, and is subject to change. Terms, restrictions and fees apply. For purchase loans only. Financing based on conforming loan limits. Not all applicants will qualify. Program only valid in select locations. Ask for details.
