"By working with Betterment, we are rewarding their qualified customers with discounted mortgage pricing via the most straightforward and transparent lending platform and experience in the industry, Rate CEO Victor Ciardelli said in a statement. Betterment said the program could extend to more than 1 million customers, subject to standard eligibility and underwriting requirements. The offering is available nationwide, as Rate holds licenses in 50 states."
"The promotion runs through the end of 2026. It offers qualified borrowers $500 in closing-cost credits and an interest rate discount of up to 0.75%. The comparison is based on the national average mortgage rate published by Mortgage News Daily, assuming a $500,000 loan amount, a 780 FICO score and a 75% loan-to-value ratio. Eligible products include select Federal Housing Administration (FHA) and conventional 30-year fixed-rate mortgages for detached single-family primary residences."
Rate is offering discounted mortgage pricing to Betterment's qualified customers through a straightforward, transparent lending platform and experience. The nationwide promotion, supported by Rate's licenses in all 50 states, runs through the end of 2026 and could extend to more than 1 million customers, subject to standard eligibility and underwriting requirements. Qualified borrowers receive $500 in closing-cost credits and an interest-rate reduction up to 0.75% on select Federal Housing Administration (FHA) and conventional 30-year fixed-rate mortgages for detached single-family primary residences. The comparison uses the national average mortgage rate from Mortgage News Daily with specified loan assumptions.
Read at www.housingwire.com
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