eCASH Home Financing Program

The eCASH Home Financing Program gives homebuyers the power of an essentially all-cash offer.

What if your clients don’t have enough cash to make an all-cash offer? AFR Wholesale’s eCASH program could be the solution. Buyers who use the eCASH program benefit from a contract addendum that ensures AFR’s program partner, will buy the house if the buyer is unable to close due to a covered mortgage issue* — and that the seller will get the full purchase price regardless of the appraised value*.

The eCASH program gives everyone involved the confidence of essentially an all-cash offer.

Benefits:

• The buying power of an all-cash offer
• Quick closing
• Full purchase price — AFR’s program partner will make up any shortfall between the appraised value and the accepted purchase offer

How It Works:

• Buyer’s Realtor connects with AFR for quick approval process
• Buyer gets pre-approved for a mortgage
• Buyer finds their dream home and makes an offer
• Once our program partner approves the purchase offer, your client will receive an addendum to the purchase contract which includes the proof of funds

Important Reminders:

• Maximum LTV: 90%
• Purchase/Binder deposit must be at least 10%
• Service fee of 1% to be paid at closing
• Buyer pays valuation fee of $300 — for up to 3 offers — providing peace of mind that they are not over-paying
• Service and valuation fees are non-refundable

*  Significant restrictions apply; see cashbackstop.com for additional information. Cash Backstop, LLC is an unaffiliated third-party partner. This program is not eligible in all states.