Alerus $20,000 Guarantee
One beautiful advantage in working with us at Alerus is our $20,000 Guarantee. Yes, it’s outrageously comforting—and there really are that many zeroes in our guarantee!
When you make an offer on a house with an Alerus mortgage pre-approval, it’s taken seriously by the seller and the real estate company. That’s because pre-approvals from Alerus are backed by a $20,000 guarantee* on the financing—a guarantee we have made for over a decade.
The guarantee will strengthen your offer in multiple offer situations because sellers consider both price and confidence in the closing date when reviewing competing offers.
The Alerus guarantee is our gift of confidence to you.
Ask how our Guarantee can benefit you!
*$20,000 guarantee is paid to the seller if the loan does not close based on conditions and expiration date of the approval as outlined in the Alerus pre‐approval letter. The guarantee is available for all mortgage loans except construction and renovation. The guarantee is not applicable if: (1) Borrower, seller or any third party cause the delay or elect not to close on the real estate sale. (2) Borrower fails to sign required disclosures or provide key documents by the requested due date. The $20,000 guarantee, if applicable, is available to the seller only and not any of seller’s agents, representatives, or related parties.
Working with Erin made purchasing our first home as ‘stress free’ as the process could possibly be. We were confident that our closing would go through without any hiccups, and Alerus’s money guarantee also played a role in my family’s offer being accepted, even though we weren’t the highest bid. I highly recommend working with Erin to purchase your home! —Mü Shabazz Jr.