First Responders Mortgage Program

A new “First Responders” mortgage loan program has been announced by Guild Mortgage and will be exclusive to the national lender’s Hawaii offices. From June 1 through December 31 of 2016, Guild’s Kailua, Waikele, Honolulu, and Hilo offices will be accepting applications for the program, which offers discounts on closing costs for purchase loans and refinancing to such “first responders” as active duty military, police, fire fighters, ambulance drivers and staff, nurses, doctors, and teachers.

“This program was designed to honor and ‘give back’ to those who give so much of themselves to the community,” said Guild Mortgage Hawaii Regional Manager William Rizzo (NMLS #271274). “The discounts will be 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.

“We are inviting our colleagues in the real estate industry to become our partners in offering this benefit to these special members of our community. We know many of our Realtors who choose Guild to finance their clients’ mortgages have loan officers they have worked with in the past. I encourage them to contact the loan officer or branch office of their choice to learn more about the new program. Guild Mortgage has a number of Partner Realtor 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,” 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 (808) 933-1095.

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 January 31, 2017 in order to remain eligible for this offer. Guild Mortgage Company is not affiliated with any real estate company.

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