DSCR LOAN GUARANTEE
Approval Guarantee
If you receive a written Approval Guarantee from Key Home Funding and your loan is later denied by the lender,
we will refund your appraisal fee and credit report fee in full, plus $250
If you receive a written Approval Guarantee from Key Home Funding and your loan is later denied by the lender, we will refund your appraisal fee and credit report fee in full, plus $250
No credit check. No cost. No obligation.
How it works
One of the biggest frustrations for real estate investors is spending time and money pursuing a loan, only to find out weeks later that it isn't approved.
That's why we created our Approval Guarantee.
Before you spend money on an appraisal, credit report, or other upfront costs, we'll perform an inital review of your loan application and determine whether your loan appears eligible for approval.
Step 1: Complete Your Loan Application
Submit a complete loan application through Key Home Funding. No appraisal, credit report, or borrower documentation is required for this initial review.
Step 2: Receive an Initial Decision
Within three (3) business hours during normal business hours, we'll review your application and issue one of the following decisions:
Conditional Approval – Your application appears to meet the program guidelines. You'll receive a written Conditional Approval outlining the items that must be satisfied before your loan is submitted to underwriting.
Suspense – Additional information is needed before a decision can be made. You'll receive a detailed list of the information required, typically within one (1) business day.
Denial – Based on the information provided, your loan does not currently meet the program requirements.
Only loans receiving a written Conditional Approval are eligible for the Approval Guarantee.
Step 3: Receive Your Written Approval Guarantee
If your loan receives a written Conditional Approval, you'll also receive a written Approval Guarantee.
Your Approval Guarantee will outline the conditions that must be satisfied to keep the guarantee in effect.
These conditions may include:
Acceptable credit score and credit history for all borrowers.
An acceptable property appraisal.
Documentation supporting the property's rental income stated on your loan application.
Acceptable citizenship or residency status.
Acceptable LLC or entity documentation, when applicable.
Any additional conditions identified in your written Conditional Approval.
Step 4: Keep Your Guarantee Active
To maintain your Approval Guarantee:
Your loan must be submitted into underwriting through Key Home Funding within ten (10) calendar days after the Approval Guarantee is issued.
You must provide all requested documents, information, authorizations, and required fees within three (3) calendar days of each request.
You must satisfy all conditions contained in your written Conditional Approval.
If Your Loan Is Denied
If you receive a written Approval Guarantee, satisfy all Approval Guarantee requirements, and your loan is subsequently denied by the lender, Key Home Funding will refund your appraisal fee and credit report fee in full, plus an additional $250.
Refunds are issued within five (5) business days following the lender's final written loan denial.
Frequently Asked Questions
Does every applicant receive an Approval Guarantee?
No. Approval Guarantees are issued only after your application receives a written Conditional Approval following the initial review.
Do I need to pay for an appraisal before receiving an Approval Guarantee?
No. An appraisal, credit report, and borrower documentation are not required for the initial review.
What happens if my application receives a Suspense decision?
You'll receive a written list of the additional information needed for a second review. A Suspense decision does not qualify for an Approval Guarantee.
What happens if I don't provide the requested documents?
Failure to provide requested information, documentation, authorizations, or required fees within the required timeframes may void the Approval Guarantee.
Learn more about our guarantees
Then call 855-774-3160 to review your loan options and shop wholesale rates, or schedule a call.
Call 855-774-3160 to review your loan options and shop wholesale rates, or schedule a call.
If you lock your rate with Key Home Funding and later find a lower rate with another loan source, we will beat it or refund your appraisal fee and credit report fee in full, plus $250.
If your loan does not fund in 29 days, Key Home Funding will refund your appraisal fee and credit report fee in full, plus $250.
If your loan does not fund in 29 days, Key Home Funding will refund your appraisal fee and credit report fee in full, plus $250.
No credit check. No cost. No obligation.
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Key Home Funding 18 Pismo Beach, Irvine, CA 92602. (949) 662-3150. NMLS 1762262 ∣ DRE 02058997 ∣ GRNMA 1762262 ∣ GREC 8215
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DSCR financing brokered by Key Home Funding is available in AL, AK, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MS, MO, NE, NH, NJ, NM, NY, NC, OH, OK, PA, RI, SC, TN, TX, WA, WV, WI, WY.
This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.
Key Home Funding brokers loans and does not make and/or fund any product offerings, loans, or credit decisions. This offer is not guaranteed if you do not meet our criteria, including credit worthiness, insurability or ability to provide acceptable property as collateral. Terms and conditions apply. Programs, rates, terms and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. The content in this website has not been approved, reviewed, sponsored or endorsed by any department or government agency.
DSCR Loan Guarantees: The guarantees below are subject to eligibility requirements, limitations, and exclusions. Each guarantee applies only when all stated conditions are met. See individual guarantee pages for complete terms and conditions.
Approval Guarantee Disclaimer: The Approval Guarantee is issued only after a written Approval Guarantee is provided by Key Home Funding following their initial pre-underwriting review. It is subject to all conditions stated in the written guarantee, including timely submission of the loan to underwriting, prompt delivery of all requested documents, information, authorizations, and fees, and satisfaction of underwriting conditions such as credit, appraisal, property income, residency or entity requirements. Loans receiving a Suspense or Denial in the initial loan review are not eligible. If all conditions are met and the lender subsequently denies the loan, Key Home Funding will refund your appraisal fee and credit report fee in full, plus $250. Payment, if applicable, will be issued within five (5) business days of final lender denial.
Rate Shopper Guarantee Disclaimer: The Rate Shopper Guarantee applies only after you lock your loan with Key Home Funding and completion of all required application, fees, and documentation. Eligible competing offers must be written, verifiable, and itemized from a licensed lender or broker, showing the same loan amount, property, program, credit profile, and substantially similar terms, as determined by Key Home Funding in its sole discretion. If eligibility requirements are met, Key Home Funding will either beat the verified lower rate using one of their wholesale lending relationships or refund your appraisal fee and credit report fee in full, plus $250. If Key Home Funding is unable to beat the rate and you proceed with the competing lender, refunds and incentive payment will be issued within five (5) business days after you close with the competing lender and provide the final settlement statement and mortgage note confirming the lower rate.
29-Day Funding Guarantee Disclaimer: The 29-Day Funding Guarantee begins once a complete loan application is submitted, including payment of appraisal and credit report fees and all required borrower documentation. The timeline assumes timely borrower cooperation, including prompt document delivery, property access for appraisal, and resolution of title, lien payoff, and, if applicable, lien subordination requirements. Delays caused by borrower actions, tenant access issues, appraisal conditions, title or payoff processing, subordination delays, or other third-party factors may extend the timeline. If all eligibility requirements are met and the loan does not fund within 29 calendar days due to lender or broker-related delays, Key Home Funding will refund your appraisal fee and credit report fee in full, plus $250. Payment, if applicable, will be issued within five (5) business days after funding or final determination.
To review your loan options and shop wholesale rates, call 855-774-3160 or click here. No credit check. No cost. No obligation.
