Guild Mortgage CashPass Program Enables Homebuyers to Make Cash Offers


Guild Mortgage has introduced CashPass, a new program to help homebuyers compete with all-cash offers in this competitive housing market. The program allows homebuyers to write a cash offer with no financing or appraisal contingency required.

“With less inventory, sellers are getting multiple strong offers and we want to help our clients compete and win,” says Mary Ann McGarry, CEO of Guild Mortgage. “In this competitive housing market, Guild recognizes the need to help level the playing field for our clients who aren’t able to make an all-cash offer on their own. Guild’s CashPass program helps homebuyers make a more competitive offer that can be vital to winning when a seller is faced with multiple bids from which to choose. It’s one more thing we are doing to help deliver on our promise of home.”

The Guild Mortgage CashPass program is available in 11 states, including Arizona, California, Colorado, Massachusetts, Missouri, Nevada, Oregon, Pennsylvania, South Carolina, Texas and Washington. Plans include adding more states soon. The CashPass program is available for conventional financing options to homebuyers with credit scores of 680 and above.

Qualified homebuyers needing to sell a departing residence for their down payment can combine Guild’s proprietary bridge loan with CashPass. This allows Guild customers to buy before they sell. Guild’s Lock and Shop program can also be combined with CashPass to protect the buyer’s interest rate while they shop for the perfect home.

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