Our recommended mortgage broker, Save Financial, Inc. (Sponsored by Save Financial, Inc. (NMLS #377740), DRE #01875766), doesn't just promise competitive terms — they guarantee them. Bring them a locked loan estimate from any competing lender. If they cannot beat the combination of interest rate, lender fees, and monthly mortgage insurance, they will send you a $500 check after you close with the competitor. This guarantee applies to fixed-rate conventional conforming, FHA, and VA loans of $200,000 or more.
How to Claim the $500 Guarantee
Send your current official Loan Estimate from any competing lender to Save Financial. They will review the numbers to see if they can offer a lower combination of rates and fees. Response within 1 business hour.
If the initial offer doesn't beat the competitor, proceed to lock your rate with the competitor. Share the locked Loan Estimate with Save Financial on the same day it is issued so they can attempt to match or beat it under the exact same market conditions.
If Save Financial still cannot beat the locked offer, proceed to close your loan with the competitor. Provide your final Closing Disclosure (CD) and Promissory Note within 10 business days of funding. Save Financial mails your $500 check within 30 days of verification.
Why This Guarantee Exists
Save Financial operates as a wholesale mortgage broker, meaning they shop your loan across 20+ wholesale lenders to find the lowest combination of rate and fees. This broker model consistently beats retail banks and credit unions because the wholesale channel offers pricing that retail consumers cannot access directly. Save Financial earns less per loan than retail lenders and makes up the difference by closing more volume. The $500 guarantee exists because they have checked competitor pricing and are confident their wholesale access delivers better terms in the vast majority of scenarios.
Full Terms & Conditions
Save Financial, Inc. is committed to transparency. If you close a loan with any other lender for a lower combination of interest rate, fees, and monthly mortgage insurance — and they cannot match or beat it — they will send you a $500 check. The following terms ensure a fair, apples-to-apples comparison.
The Comparison Process
1. Official Quote Comparison
You must provide an official, detailed, written quote from a competing lender, submitted on the same day you receive it so Save Financial can compare under the same market conditions. The quote must clearly show: lender name and quote date, loan type/term/amount, purchase price or property value, interest rate and APR, monthly mortgage insurance (if applicable), all lender fees/discount points/lender credits, and all third-party charges (appraisal, credit report, title fees).
2. Rate Lock Verification
If the initial review shows Save Financial cannot beat the quote, you must inform them that you are proceeding with the competitor and lock your rate on that same day. Within one business day of locking, email a complete, unaltered copy of the official Locked Loan Estimate (LE) from the competitor. The Locked LE must clearly show the lock expiration date, rate, points/credits, and loan terms.
3. Superior Pricing & the "Beat" Clause
If Save Financial is able to provide a better deal after you lock with a competitor but before you close, and you choose not to accept their superior offer, you are not eligible for the $500 guarantee. The guarantee is designed to ensure you get the best possible deal — not to allow shopping after locking.
4. Closing Documentation & Payment
If Save Financial confirms they cannot beat the competitor's locked offer, proceed to close the loan with the competitor. You must provide a complete, unaltered copy of your final signed Closing Disclosure (CD) and Promissory Note within 10 business days of your closing/funding date. If the final terms match the original competitor quote and confirm the lower combination of rate and fees, Save Financial, Inc. will mail your $500 check within 30 days of verification.
Program Restrictions & Eligibility
- Eligible Loan Types: Fixed-Rate Conventional Conforming loans, FHA loans, and VA loans only.
- Minimum Loan Amount: $200,000 or higher.
- Product Matching: The guarantee applies only to identical loan terms and products currently offered by Save Financial, Inc.
- Excluded Loan Types: Jumbo loans and High Balance loans are not covered by this guarantee.
- Excluded Competitors: Offers from builder's preferred lenders, FDIC banks, or credit unions are excluded.
Frequently Asked Questions
What is the $500 Best Price Guarantee?
Our recommended broker, Save Financial, Inc. (Sponsored by Save Financial, Inc. (NMLS #377740)), guarantees to match or beat any competitor lender's locked loan estimate. If they cannot beat the combination of interest rate, lender fees, and monthly mortgage insurance from a locked competitor offer, they will pay the borrower $500 after closing with the competitor and providing the final Closing Disclosure.
Which loan types are eligible?
The guarantee applies only to Fixed-Rate Conventional Conforming loans, FHA loans, and VA loans with loan amounts of $200,000 or higher. Jumbo loans and High Balance loans are excluded.
Are any competitors excluded?
Yes. The guarantee does not apply to offers from builder's preferred lenders, FDIC banks, or credit unions. The guarantee applies to standard wholesale and broker-channel competitors only.
What documents do I need?
The competing lender's official quote must clearly show: lender name and quote date, loan type/term/amount, purchase price or property value, interest rate and APR, monthly mortgage insurance (if applicable), all lender fees/discount points/credits, and all third-party charges. After closing, you must submit the final signed Closing Disclosure (CD) and Promissory Note within 10 business days.
What if they offer a better deal after I lock with the competitor?
If Save Financial provides a better deal after you've locked with a competitor but before you close, and you choose not to accept their superior offer, you are not eligible for the $500 guarantee. The guarantee ensures you get the best deal — not a free option to shop after locking.
What's the deadline to submit my Closing Disclosure?
Your complete, unaltered final Closing Disclosure (CD) and Promissory Note must be submitted within 10 business days of your loan funding date.
Have a Competing Quote?
Submit your Loan Estimate to our recommended broker for an honest comparison within 1 business hour. No obligation.
The $500 Best Price Guarantee is offered by Save Financial, Inc. (Sponsored by Save Financial, Inc. (NMLS #377740), DRE #01875766), the recommended broker partner of Mortgage Guide California. Mortgage Guide California is an independent educational publisher and is not a lender, broker, or financial advisor. All loan transactions, rate comparisons, and guarantee claims are handled directly by Save Financial, Inc. See Save Financial's full guarantee page for complete terms. All loans subject to credit approval. Rates and terms subject to change without notice. Equal Housing Lender.
Last updated: July 2026. Sources: FHFA, HUD, VA, CalHFA, CFPB, California DRE, California Association of Realtors. All loans subject to credit approval. Rates subject to change.