Compete with All-Cash Buyers in Minnesota Using Guild Mortgage’s BuyNow Advantage
In today’s competitive Minnesota housing market, buyers often face stiff competition from all-cash offers. Sellers tend to favor these offers because they come with fewer contingencies and faster closings. But what if you could present an offer with the same strength and certainty—while still using financing?
Guild Mortgage’s BuyNow Advantage program allows qualified buyers to make offers that are treated like cash by sellers. As a licensed mortgage loan officer serving the Twin Cities, I help clients leverage this program to strengthen their offers and increase their chances of securing the home they want.
What Is BuyNow Advantage?
BuyNow Advantage is a financing solution that enables buyers to present an all-cash offer backed by Guild Mortgage. Here’s how it works:
• Apply for a conventional loan and receive full credit approval through Guild Mortgage.
• Once you find a home, your loan officer provides a BuyNow Advantage certificate to your real estate agent.
• Your agent uses the certificate to submit an offer with no financing or appraisal contingencies.
• If your loan is not finalized by the closing date, Guild Mortgage or an affiliate will purchase the home on your behalf.
• You move in under a rental agreement until your permanent financing is complete.
This structure provides sellers with the same confidence as a cash offer while allowing buyers to secure financing on their timeline.
Program Eligibility
BuyNow Advantage is available for:
• Primary residences
• Second homes
• Investment properties
Program requirements include:
• Conventional loan program
• Minimum credit score of 680
• Down payment (varies by occupancy type)
• Minimum 2% earnest money deposit
• $1,350 program participation fee (not applicable in Washington state)
Additional Program Options
Bridge Loan Option
If you need access to the equity in your current home to fund the down payment on your next purchase, Guild Mortgage offers a bridge loan that may be used in conjunction with BuyNow Advantage.
Lock and Shop Option
Concerned about interest rate changes while you search for a home? Lock and Shop allows you to lock your interest rate for up to 120 days while you shop and still use BuyNow Advantage to make a competitive offer.
For full terms and conditions of Lock and Shop, visit guildmortgage.com/cap-hbe-terms.
Frequently Asked Questions
Does Guild Mortgage guarantee to pay cash for the home?
Yes. If financing is not finalized by the escrow closing date, Guild Mortgage or an affiliate will pay cash for the home and provide permanent financing afterward.
Is a financing or appraisal contingency required?
No. Offers made through BuyNow Advantage do not require financing or appraisal contingencies.
Can the buyer move in immediately?
Yes. Buyers may move in after signing a rental agreement. Rent is due until the permanent loan closes.
Can another lender be used for permanent financing?
Yes. However, Guild Mortgage retains the program fee and earnest money deposit if the buyer chooses another lender.
What types of properties are eligible?
Eligible properties include 1–4 unit homes, townhomes, and Planned Unit Developments (PUDs).
Is a home inspection required?
Yes. The offer must include a home inspection contingency to verify safety and livability. A minimum seven-day inspection period is required unless otherwise agreed upon.
Are there title or escrow requirements?
Yes. Stewart Title and Escrow must be used for transactions involving BuyNow Advantage.
What is the BuyNow Advantage certificate?
This certificate serves as proof of funds and is required by the purchase contract. It is property-specific and must be approved by Guild’s BuyNow Advantage Committee.
What is required before making an offer?
Your loan officer must submit the following to Guild’s BuyNow Advantage Committee:
• Full credit approval
• Signed BuyNow Advantage Agreement
• Complete MLS listing
• Maximum cash offer price
• Three comparable MLS listings (recommended)
Why This Matters in Minnesota
In the Twin Cities and throughout Minnesota, buyers are navigating tight inventory and competitive bidding environments. Sellers are prioritizing certainty and speed, often over price. With BuyNow Advantage, you can present a strong, clean offer that stands out—even if you are financing your purchase.
Ready to make the next step? Reach out! I am here to guide you through the process, answer your questions, and help you leverage every available tool to secure your next home.
All loans subject to underwriter approval. Terms and conditions may apply. Subject to change without notice. Program participation fee is not allowed in the state of Washington. Always consult an accountant or tax advisor for full eligibility requirements on tax deductions. BuyNow Advantage is available in all states where Guild Mortgage is licensed to do business. Other costs may apply.