Application Deposit Refund

Q: Am I eligible for a refund?

A: If, for any reason, the home loan application credited with the $500.00 Application Deposit does not close and disburse, deposit funds received will be utilized to pay any third-party services (Appraisal, Credit Report, Flood Letter, or Verifications) throughout the Underwriting process. Any costs incurred above $500.00 will not be charged to you.  Any amount not used will be refunded to you.  Invoices to be provided upon request.

Q: How much am I eligible to receive?

A: Any amount up to the $500.00 Deposit received that was not utilized to pay applicable third-party services (Appraisal, Credit Report, Flood Letter, or Verifications) throughout the Underwriting process.

Q: When would I receive my refund?

A: Upon completion of the Loan Application Adverse Process and/or written notification of cancellation, any applicable refund will be processed within 7 business days.

Q: How will I receive my refund?

A: Any applicable refund per the defined terms will be returned to the original method of payment.

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