KWPN Auction

Up to $5000 credit to winning bidder

Bid Online

Terms and Disclosures

What you’ll win:
A lender credit of up to $5,000 that the winning bidder may apply either toward eligible closing costs or toward discount points to reduce the interest rate.

Where it applies:

  • Residential mortgages in Virginia or Florida

  • Agricultural mortgages in the continental U.S. (lower 48)

How it works:

  • Minimum loan amount: $300,000. For loans below $300,000, the credit equals 1.5% of the loan amount (instead of $5,000).

  • No cash value. Credit may only be applied at closing and cannot exceed actual, eligible closing costs or discount points. Any unused portion is forfeited.

  • Not all applicants will qualify. All loans subject to credit approval, underwriting guidelines, acceptable collateral, and investor/program requirements. Winning bid is not an offer to extend credit or a guarantee of credit approval.

  • Transferability. The winning bidder may assign the certificate to a borrower who qualifies under these terms (subject to our approval).

  • Timing. Certificate must be presented at application and listed on the Loan Estimate/Closing Disclosure as a lender credit if applicable. Must be used within one calendar year.

  • Void where prohibited.

Who we are:
Canter Financial LLC
NMLS ID # 2648602 (www.nmlsconsumeraccess.org)

Equal Housing Lender.

Disclaimers

  • Availability & eligibility. Offer available only for qualifying residential mortgage loans in VA or FL and commercial mortgage loans in the lower 48 states. All loans are subject to credit approval and program eligibility. Terms, conditions, and documentation requirements apply.

  • Value & limits. Credit is up to $5,000 when the loan amount ≥ $300,000; otherwise the credit equals 1.5% of the loan amount. Credit may only be applied to permitted closing costs or discount points and cannot exceed those amounts on the Closing Disclosure. No cash back; unused amounts are forfeited.

  • No endorsement/affiliation. This offer is not from, and is not endorsed by, any government agency or the consumer’s current lender/servicer; do not construe the ad as such.

  • Rate statements. This advertisement does not state a specific interest rate, APR, payment, or points. If we later provide any specific examples, required Reg Z advertising disclosures (including APR) will accompany those examples and will reflect terms we actually make available.

  • Truthful advertising. We do not make any false, misleading, or deceptive statements. This advertisement is designed to comply with Regulation N (MAP Rule) and Regulation Z; disclosures are presented clearly and conspicuously.

  • Virginia ID requirements. For any ad disseminated in Virginia (including this listing if used in VA), we disclose our licensed name and NMLS ID with the NMLS Consumer Access web address as required.

  • Fair lending. We are an Equal Housing Lender and comply with all applicable fair lending laws.

  • No referral requirement. Receipt or use of this credit is not conditioned on any referral of business to or from any settlement service provider. There is no membership requirement of KWPN or any other organization in order to use this credit.