Our Guarantee
If we can't beat another lender's loan offer for a lower combination of interest rate, fees, and monthly mortgage insurance (if applicable) - we’ll pay you $1,000 after you close with that lender!
Step 1: Provide us with a Loan Estimate from that other lender.
Step 2: If we're unable to offer a better deal, proceed with locking that loan & rate and send us the locked LE (on the same date) for us to try and beat one last time.
Step 3: If we're still unable to beat the offer, proceed to close your loan with the competing lender. After closing, please provide us with the Final Closing Disclosure and Prospect Lending will pay you $1,000.
At Prospect Lending, we proudly stand behind our $1,000 Lowest Rate & Fees Guarantee. We've done our homework, and we're confident we offer the best deal. Our advanced mortgage platform compares top lenders to find you the lowest rates and fees—and we keep our margins low to pass the savings on to you.
We may earn less per loan, but we help more people—and that’s how we keep our costs down and your savings high. Unlike other banks, credit unions, and mortgage companies, we’re not afraid to back our rates with a guarantee. They won’t make that promise—because they can’t.