Movement Mortgage Introduces Secure & Sell Program: A Comprehensive Solution for Builders and Sellers
Higher interest rates mean homes become more expensive, and potential buyers might miss out on homes they love. Secure & Sell helps make properties more affordable for prospective buyers.
For Builders: Unlocking New Opportunities with Secure & Sell
The Secure & Sell program for builders has been designed to revolutionize how homes are marketed and sold. Builders can now:
- Increase Buyers' Purchasing Power: By buying down the rate for potential buyers without it impacting max seller contributions2, builders can offer more attractive deals.
- Provide Rate Confidence: Buyers benefit from a free rate float-down if interest rates drop**, ensuring they receive a competitive rate.
- Offer Flexible Lock Timeframes: With rate lock-ins available for up to 120 days3, builders have ample time to find buyers and finalize sales.
Terry Barrett, Director of Movement's National Builder Division, expressed enthusiasm for the program, stating, “The Secure & Sell program underscores our commitment to innovating and providing comprehensive solutions. For builders, this initiative offers a competitive edge, ensuring that their properties remain attractive and affordable in an evolving market landscape.”
For Sellers: Optimizing Property Potential with Secure & Sell
Qualified homeowners can now harness the benefits of the Secure & Sell program to:
- Boost Buyers' Affordability: Lowering the interest rate for potential buyers without impacting max seller contributions4 provides a significant edge.
- Offer Rate Assurance: Buyers are provided with a free rate float-down if rates decrease5, giving them confidence in their purchase.
- Benefit from Flexible Lock Timeframes: Sellers can secure a rate for up to 120 days, offering ample time to showcase their property and find the right buyer6.
In addition, sellers who qualify for the Secure & Sell program will receive a $750 credit towards closing costs for their next home7.
Builders and interested parties seeking additional information on the Secure & Sell program are encouraged to reach out to their dedicated Movement Mortgage loan officer or visit movement.com/loans/builder. Sellers and agents who are interested should reach out to their Movement Mortgage loan officer.
1According to 2023 Scotsman Guide.
2Builder can negotiate with their buyer to pay up to max seller contributions towards closing costs, excluding funds builder paid to buy down interest rate, as long as builder enters standby contract with Movement for the Secure & Sell for builders program on a property that is not under contract with buyer.
3No later than 15 days, nor earlier than 45 days, prior to the closing date. Pricing includes builder's previously paid discount if applicable. Builder must execute a contract to sell the property and the buyer must submit a loan application on or before 45 days prior to the lock expiration date.
4Seller can negotiate with their buyer to pay up to max seller contributions towards closing costs, excluding funds the seller paid to buy down interest rate, as long as seller enters standby contract with Movement for the Secure & Sell program on a property that is not under contract with buyer.
5No later than 15 days, nor earlier than 45 days, prior to the closing date. Pricing includes the seller's previously paid discount if applicable.
6Seller must execute a contract to sell the property and the buyer must submit a loan application on or before 45 days prior to the lock expiration date.
7Seller must apply for their own Movement Conventional, FHA or VA purchase loan within (6) months of the funding date for the property locked under secure & sell. Additional restrictions apply.
