Qualification Requirements

• Qualify with Colorado Federal Bank for the rate guaranteed by the competing lender
• Send us the GFE and initial TIL from the competing lender so that we have a chance to beat the offer
• Within 30 days following the loan closing with the competing lender, mail or fax a certified copy of the final TIL and HUD-1 or HUD-1a settlement statement to confirm that the loan closed at the terms quoted in the competing GFE and initial TIL

Terms and Conditions

• GFE and initial TIL from competing lender must be accurate and disclose that the combination of interest rate, discount points, and lender fees is lower than the Colorado Federal Bank price quote
• The competing offer's term and loan program must be for a first lien from a national lender and match Colorado Federal Bank's offer
• GFE and TIL from competing lender must be dated and presented to Colorado Federal Bank on the day of the offer because rates change daily
• Applies to residential purchase and refinance mortgage products only
• Third party fees are not included in the guarantee
• If Colorado Federal Bank is unable to beat a competing offer and the borrower accepts that offer, Colorado Federal Bank will pay the borrower $300 upon their loan closing