How is Guaranteed Rate able to complete a Same Day Mortgage?

Same Day Mortgage | Mortgage Rate News

Guaranteed Rate announces a Same Day Mortgage program

Getting a ‘clear to close’ used to take what seems like an eternity. Thanks to the team at Guaranteed Rate, it’s now possible to get a loan approved in as little as a day, and close in as few as 10 days* with the Same Day Mortgage program. Don’t believe it? Get started now and find out how easy it is.

The steps for the Same Day Mortgage program are as follows:

  1. You’ll set up an account with our secure portal, and electronically sign the initial application package
  2. Submit all the necessary documentation in 24 hours and get a $250 lender credit
  3. Get final approval after we validate income, assets, and credit. We’ll offer a clear to close in 24 hours.
  4. Once you get the ‘clear to close’ from us, you can close on your new home in as little as 10 days.*

Which home trends are in and out this Spring?

HGTV’s ‘Rock the Block’ renovation competition returned for its fourth season Monday. This time around, four new groups of designers are going head-to-head in a renovation competition in Berhoud, CO.

In a recent interview, the competitors revealed the trends that they plan on embracing, and a few formerly popular ideas they’ll be staying away from.

Functionality and adding value were key elements that they all plan on focusing on, but there are a few trends that the designers are looking to:

  • Open floor plans are still acceptable
  • Stainless steel appliances and subway tile are over
  • Marble countertops are overly basic

Markets pause ahead of Chairman Powell’s testimony


Federal Reserve chairman Jerome Powell will testify in front of both houses of Congress this week, and the markets appeared to pause ahead of his testimony. How he responds to questions from the Senate on Tuesday will likely influence the direction some of the markets may go.

It’s expected that Powell will have his hands full with the Senate Banking Committee on Tuesday, and the House Financial Services Committee on Wednesday.

Democratic legislators have been worried about the Fed dragging down the economy and will likely ask Powell to clarify his current positions, and detail what the impacts of continued interest hikes are.

Powell has two tasks in front of Congress. He has to detail how we’ve made progress in the fight against inflation, and he’ll have to stay on message in regards to continued interest rate hikes.  


Guaranteed Rate’s Same-Day Mortgage (aka “FastTrack”) promotion offers qualified customers who provide certain required financial information/documentation to Guaranteed Rate within 8 hours of locking a rate on a mortgage loan the opportunity to receive a “Clear to Close Loan Commitment” (“CTC”) within 1 business day of timely submission of documentation and does not suggest that the borrower will receive funding on the same day as their application submission. For purposes of this offer, documents provided after 1 pm local time or on a weekend or company holiday will be deemed submitted the next business day. Guaranteed Rate cannot guarantee that a loan will be approved or that a closing will occur within a specific timeframe. Guaranteed Rate reserves the right to revoke this CTC at any time if there is a change in your financial condition or credit history which would impair your ability to repay this obligation. CTC is subject to certain underwriting conditions, including clear title and no loss of appraisal waiver, amongst others. Read and understand your Loan Commitment before waiving any mortgage contingencies. Borrower documentation and Intent to Proceed must be signed within 8 business hours of receipt. Not eligible for all loan types or residence types. Minimum down payment requirements apply. Property must be eligible for an Appraisal Waiver and borrower must opt in to AccountChek for automated income and asset verification. Self-employed borrowers and Co-borrowers are not eligible. Not all borrowers will be approved. Borrower’s interest rate will depend upon the specific characteristics of borrower’s loan transaction, credit profile and other criteria. Eligible borrowers who successfully provide all required documentation within 8 business hours will receive a $250 Closing Cost Credit applied at closing, no cash value, and may not be combined with any other Lender promotions, discounts, or concessions. Not available in all states. Restrictions apply. Visit for terms and conditions.

*Guaranteed Rate cannot guarantee that an applicant will be approved or that a closing can occur within a specific timeframe. All dates are estimates and will vary based on all involved parties level of participation at any stage of the loan process. Contact Guaranteed Rate for more information.

in 10 minutes?

The pre-approval process is lightning fast, and can be completed
in under 10 minutes. Grab a few important documents to get started.
  1. Tax Returns
  2. Copies of W-2s (or 1099s for independent contractors,
    freelancers and the self-employed)
  3. A payroll stub
  4. A bank statement
  5. Loan obligation info (student loans,
    auto loans and credit cards)

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. 

All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.