There was always plenty of communication and someone to answer my questions! The process was unbelievably smooth and I was continuously in shock at how seamlessly we moved through it while I was both buying AND selling a house! I've told many people that there's no way I could have accomplished what I did without this team and loan programs (Cash2Keys & BNSL), and it's the truth!
When I found the perfect home, I made my (first) offer, and it was accepted! (It was cash & not contingent on my home selling - the total opposite of what it would have been with any other lender, which wouldn't have gotten me a home in the district I wanted.) I got to move into that home within a few weeks, empty my old home, get updates done there to maximize my proceeds, get it under contract too, and then coordinate the two closings and put some of those proceeds towards my next house.
I am still pretty shook that it all actually worked out! I couldn't be happier and am so grateful to each and every one of you who helped me make it happen! THANK YOU
The cash 2 keys program was likely what set out offer apart and ultimately won us the house. Andy's team was very helpful in answering any questions I had and made the process much simpler than I feel like it could've been.
Andy was not only a pleasure to work with but very knowledgeable and very responsive. He worked with us every step of the way and was able to get our clients to the closing table in 13 days! Thank you so much to Andy and his team!
My borrowers were able to purchase their dream home In Pennsylvania on September 12th using Annie Mac Private Equity Cash!! They sold their house on September 19th and got the mortgage through us then. This program allowed them to remove all mortgage and home sale contingencies! Without this program these buyers don't get their dream house because they had to sell their house before they could buy.
Demand for homes is at an all-time high, and Cash Offers are the best way to beat the competition.
Available homes are scarce and flying off the market, so make a best first impression with a strong cash offer.
Relax! Cash offers give you the power to buy and sell homes on YOUR terms.
Don't be outshined by home buyers with deep pockets. Get a fair shot at your dream home with cold, hard cash.
A Cash2Keys offer is a purchase contract backed by a cash offer. After a short due diligence period where you can have a home inspection and appraisal, the cash offer becomes non-refundable, and the seller knows that it will close. Once your offer is accepted, you can finance your mortgage through AnnieMac Home Mortgage, or your preferred lender to purchase the home.
Sellers love cash offers and prefer them to financed offers. With an AnnieMac Cash2Keys Cash Offer, the seller knows that after the due diligence period the transaction is sure to close based on the terms of the offer and the backing of AnnieMac Private Equity Cash2Key.
Apply Here After you complete your application, AnnieMac will be in touch to guide you towards your pre-approval.
You pay a small Cash Offer fee that can be refunded at your closing when you use AnnieMac Home Mortgage and our local Title Partner. If your offer is not accepted, there is no Cash Offer Fee.
We fund off our operating account and warehouse lines established with partners.
Yes. Buying a home is a truly personal process. Only you can pick the best agent to guide and advocate for you.
Just like a typical purchase, you and your agent have control over the negotiations and your due diligence (including inspection).
AnnieMac Home Mortgage requires an appraisal in many transactions. If you choose another lender, they will likely require an appraisal in most transactions.
As with most home purchases, the buyer will pay for the home inspection and appraisal.
Cash2Keys is currently available in the states of New Jersey, Delaware, Pennsylvania, Maryland, Ohio, Maine, Connecticut, Massachusetts, Virginia, North Carolina, South Carolina, Florida, Kentucky, Indiana, Tennessee, New Hampshire, Texas, Minnesota, Arizona, California, Oregon, Nevada, Georgia, Washington, Mississippi, Wisconsin, Idaho and Washington DC. As our programs expand to new markets, our website and FAQ’s will be updated to include those areas.
These are the main steps in a Cash Offer transaction:
The Home Purchase Coordinator works for AnnieMac Cash2Keys and is a specialist in Cash Offer and Buy Now, Sell Later. You are assigned a dedicated Home Purchase Coordinator and may speak with a different Home Purchase Coordinator if your dedicated HPC is unavailable.
The HPC is there to educate you on Cash Offer or Buy Now, Sell Later. They will walk you through the steps of the transaction beforehand so you know what happens at every step of the transaction and what will be required of you. The HPC will also communicate with your agent.
The HPC does not work with you on your mortgage. You will work with your Loan Officer and Processor for all your mortgage needs.
Yes, the cash purchase contract executed between AnnieMac Cash2Keys and the seller allows for an inspection. You and your agent have complete control over negotiating any issues uncovered in the inspection that you choose to address with the seller. We will not purchase a home unless you and your agent are satisfied with its condition.
We charge a Cash Offer fee that is typically a small percentage of the purchase price based on your state. If you use AnnieMac Home Mortgage and our local Title Partner to purchase your home, the Cash Offer fee is refunded in full.
You pay an earnest money deposit and incorporated Cash Offer fee within 3 days of getting under contract. If you use AnnieMac Home Mortgage and our local Title Partner to purchase your home, the Cash Offer fee is refunded in full.
Nope! The same low interest rates are used for Cash Offer and Buy Now, Sell Later, with no additional points.
Not currently. AnnieMac Cash2Keys is dedicated to making homeownership attainable and only works for transactions for a primary residence.
No. AnnieMac Cash2Keys empowers you to make a cash offer on your home.
You are not obligated to use AnnieMac Home Mortgage, but we’d love to work with you and offer exclusive discounts, unparalleled service and other benefits that you won’t find anywhere else.
With a full submission of application and credit with income, employment, and asset documentation, underwriting pre-approval times are currently 48-72 hours.
Yes, the Cash Offer pre-approval is a separate approval.
You will be assigned a Home Purchase Coordinator. The Home Purchase Coordinator will discuss the process with you and provide you with a written Cash Offer agreement that lays out the steps and specific requirements. You will then shop for your new home with your real estate agent.
Buy Now, Sell Later, as the name states, allows you to turn this traditional requirement on its head and buy before you sell. AnnieMac Cash2Keys will make a cash offer on your behalf and allow you to move in and rent immediately upon closing. The rent is accrued but not immediately paid, so you will never have two housing payments. After you have sold your old home, you will buy your new home back from Cash2Keys.
Buy Now, Sell Later eliminates the need to sell your home before you buy. Instead of listing your home with nowhere to move, AnnieMac Cash2Keys will make a cash offer on your behalf before you sell. When the offer is accepted and Cash2Keys closes, you move into the property and accrue rent that you pay later, after you have sold your home. Buy and move first, then prep and stage your home to maximize your sale price.
AnnieMac wants you and your agent to sell your property to the highest offer. For this reason, we allow you to move into your new home and have two weeks of preparation to make it shine for potential borrowers. We only purchase your old home as a last resort. If your home has not sold in 180 days, AnnieMac purchases your home for the established conditional purchase price so you can take title to your new home.
The rent will be approximately what mortgage, tax, and insurance payments will be on the property. You will accrue rent from the day that AnnieMac Cash2Keys purchases your property but will not pay the rent until you sell your home. The rent will be pro-rated on a daily basis, so you won’t pay a full month’s rent if you rent for less than the full month. The Buy Now, Sell Later agreement that you sign after pre-approval specifies your rental payment.
Typically, an interior BPO (broker price opinion) must be conducted on your current home.
You should strongly consider renter’s insurance. Our insurance does not cover your personal property.
Of course! All family members are welcome.
If you are participating in Buy Now, Sell Later or choose not to have the purchase contract assignable to you, there will be two transactions. AnnieMac Cash2Keys will pay any buyers share of transfer tax on the first transaction. On the second transaction, you will pay all transfer taxes associated with that transaction.
No, AnnieMac Cash2Keys is not a financial institution. We are a business entity that purchases homes to secure them for you, our customers, who will eventually buy them back. Our affiliated company, AnnieMac Home Mortgage, is a mortgage lender.
You’ll work with your agent to make, negotiate, and finalize the offer with the seller. Your dedicated Home Purchase Coordinator will assist and ensure the offer meets the terms of the approval.
This will be your home and you are responsible for ordering the inspection and reviewing the inspection results.
With Buy Now, Sell Later, there are two transactions. First, AnnieMac Cash2Keys purchases the home for you, and you take possession. After you sell your old home, you buy the home from Cash2Key. A purchase contract is required for each transaction.
The closing date is written as on or before 6 months from the current date. The closing date is often much quicker than 6 months, and AnnieMac will close sale with you as soon as you are ready.
You’ll take possession as soon as we close on it and transfer the utilities into your name. Your agent will collect your new keys from the listing agent and give them to you.
When you choose to Buy Now, Sell Later, there will be a conditional purchase price. The purchase price is conditional because if you sell or get under contract for a higher price within 180 days, you are entitled to sell for the highest price and best terms offered to you. In the rare instance where you do not receive a higher offer, AnnieMac Cash2Keys will purchase your old home after 180 days to ensure you can purchase your new home.
We typically have an interior broker price opinion completed and perform an analysis of home sales and listings in the market. The conditional purchase price is typically 91% - 95% of the home’s market value, minus a 6% real estate sales commission that will be paid when the home is resold.
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Cash Offer and Buy Now Sell Later programs are fulfilled by AnnieMac Private Equity Cash2Keys, an affiliate of AnnieMac Home Mortgage. AnnieMac Private Equity is not a financial institution and does not originate loans or issue loan commitments.
AnnieMac Home Mortgage, 700 East Gate Drive, Suite 400, Mount Laurel, NJ 08054. American Neighborhood Mortgage Acceptance Company (dba AnnieMac Home Mortgage, The Mortgage Company, LoFiDirect) is licensed by the New Jersey Department of Banking and Insurance (#338923).
Terms and conditions of program can be found at Anmac.me/cash