Offer/program must be mentioned at time of application to qualify. Offer applies only to Purchase transactions with no additional financing or grants. Offer not available on: VA, RD, Construction-permanent financing, condominiums and Rehab loans. This program is subject to change and may be discontinued at any time. Loans are subject to credit approval and verification of information provided on the application. Other terms and conditions may apply. Terms and conditions subject to change at any time without prior notice. Payment made in the form of $500 Visa® gift card. The delay must be caused by HarborOne Mortgage LLC (HOME) in order to be eligible for the $500 Visa® gift card. Consumer must notify HOME within 10 days after closing that they wish to receive the $500 Visa® gift card.
- The closing date must be at least 21 days from the later of the loan application date and/or the purchase contract date. All documents must be submitted to HOME within 2 business days of a request: full income verification, complete asset statements, credit reporting documents, appraisal and any other documentation requested. There are no credit related disputes, such as credit reporting errors which must be rectified prior to loan closing. If required an appraisal will need to be completed. Property’s that receive an initial appraisal that is subject to repairs and /or completion a final inspection will be required.
- The closing may not be delayed by the buyer, seller or a third party, such as a real estate attorney, title company, failure to obtain a homeowner's insurance policy, flood zone determinations or obtaining flood insurance if required, inclement weather, a natural disaster, or other emergency outside of HOME’s control.
- Closing delay cannot be caused by: changes to the original closing date documented in the purchase agreement initiated by the borrower, seller or third-party. Closing date extensions due to a delay in completion of new construction, improvements, or repairs being made to the subject property. Failure by either party to meet contract terms and requirements, including seller related delays. Delays due to borrower’s failure to respond to requests. Delays due to non-arm’s length transactions (purchase transaction in which a personal, financial or business relationship exists among any of the parties to the transaction).
- Please consult your tax advisor if you have any questions about your personal tax situation. You are responsible for reporting any taxes that may be due to receiving the HOME Promise Program Visa® gift card.