Skip to contentOn-Time Closing Guarantee Terms & Conditions at Ohio Fix and Flip Loans, we understand the importance of closing your loan on time. That’s why we offer our On-Time Closing Guarantee—a commitment to our borrowers that eligible loans will close by the scheduled closing date, or we’ll issue a lender credit as detailed below.
1. What Is the On-Time Closing Guarantee?
We guarantee to close your eligible loan on or before the contractually scheduled closing date. If we fail to do so solely due to our delay, you may qualify for a closing credit of up to $1,000, subject to these terms and conditions.
2. Eligible Loan Types
- Fix & Flip Loans
- Rehab Loans
- Ground-Up Construction Loans
- Bridge Loans
3. Borrower Eligibility Requirements
To qualify for the On-Time Closing Guarantee, all of the following must be met:
- Borrower has submitted a complete application and all required documentation within 48 hours of request
- All underwriting and title conditions are satisfied within required timelines
- No material changes to loan terms, property, or borrower’s financial condition
- Borrower has not caused any delay (e.g., missing documents, changes to closing date, or property access issues)
4. Exclusions
The Guarantee does not apply if any of the following occur:
- Delays caused by third parties (e.g., appraisers, title companies, surveyors)
- Force majeure events (e.g., natural disasters, pandemics, power outages)
- Borrower-requested changes that delay closing
- Government shutdowns or regulatory issues outside our control
5. Credit Terms
If we fail to close the loan on time and the borrower meets all eligibility criteria, a credit of up to $1,000 will be applied to closing costs, reflected on the final Closing Disclosure (CD). No cash refunds will be issued.
6. How to Claim the Credit
To request the On-Time Closing Guarantee credit, the borrower must:
- Submit a written request to Daniel@ohiofixandfliploans.com within 10 days of the original closing date
- Include full loan details, contact information, and proof of delay
All claims are reviewed within 15 business days of receipt.
7. Limitation of Liability
Our total liability under this Guarantee is limited to the $1,000 credit. Under no circumstances shall we be liable for indirect, incidental, or consequential damages arising from a missed closing date.
8. Changes to the Guarantee
We reserve the right to update or cancel the On-Time Closing Guarantee at any time without prior notice, except for loans already under contract with a confirmed closing date.
9. Contact Us
Questions regarding the On-Time Closing Guarantee can be directed to:
Ohio Fix and Flip Loans
Email: Daniel@ohiofixandfliploans.com
Address: 311 Elm Street. Ste 270. Cincinnati, OH 45202
Phone Number: (800) 664-7505
This Guarantee is subject to applicable laws and may be limited by state regulations.