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First Responders Mortgage Program Expanded

Screen Shot 2017-01-22 at 2.38.11 PMBecause of overwhelmingly positive response to the “First Responders Loan Program,” first offered by Guild Mortgage in June of last year, the lender extended the application deadline for both new purchase loans and refinancing to July 31, 2017. Guild expanded the original program to include teachers and is now offering it to eligible hotel industry workers.

The popular new mortgage loan program is exclusive to the national lender’s Hawaii offices. Guild Mortgage branches on all Hawaiian islands are accepting applications for the First Responders Loan Program, which offers discounts on closing costs for purchase loans and refinancing to active duty military, police, fire fighters, ambulance drivers and staff, nurses, doctors, teachers, and now those employed in the hotel industry.

Guild Mortgage Hawaii Regional Manager William Rizzo said, “The discounts are applied to closing costs on VA, FHA, USDA, and Conventional new purchase loans and refi’s. The property being financed must be located in the State of Hawaii.
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“We are inviting our colleagues in the real estate industry to become our partners in offering this benefit to special members of our community. Many of our Realtors choose Guild to finance their clients’ mortgages and have worked with our loan officers in the past. I encourage them to contact the loan officer or branch office of their choice to learn more about the program. Guild Mortgage has a number of Partner Realtors and Realtor Associates who will also give a credit of up to 5 percent of their total commission.”

Rizzo explained that the amount that can be lent in this program is from $100,000 to $721,050. The closing cost credit for any loan of $100,000 to $300,000 is $1,000 and $2,500 for loans over $300,000 up to the maximum of $721,050. The applicable amounts will be credited to the buyer by Guild through the escrow company and can be used to pay normal and customary closing costs. Loan amounts over $721,050 will be given a credit on a case by case basis.

“Again, we encourage members of our real estate industry who are interested in partnering to reach out to the Guild branch of their choice.

And please keep in mind that the First Responders Loan Program has been extended and expanded beyond what was originally announced due to the great response,” Rizzo said.

For more information, please contact Guild Mortgage’s Honolulu Branch at 808-744-6420, Kailua Branch at 808-263-4622, Waikele Branch at 808-369-7153, or Hilo Branch at This offer is not a commitment to lend. All loans are subject to underwriter approval and applicable program guidelines. Payment subject to maximum allowable lender credit and minimum contribution requirements under applicable loan requirements. Some loans require a minimum cash investment by the borrower, which may limit the amount of any lender credits or payments by Guild under the offer. Please consult your tax advisor regarding any tax implications. All loans must close by July 31, 2017 in order to remain eligible for this offer (case by case exceptions available). Guild Mortgage Company is not affiliated with any real estate company.

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