Mortgage Programs
GRB’s Cash+ programs provide buyers with a fully underwritten, cash offer that helps eliminate the contingencies that can put an offer at the bottom of the pile.
Stronger Offers Start With GRB's Cash+Secured
Certainty Buyers Feel. Credibility Sellers Trust.
In today’s competitive housing market, buyers often need more than a traditional pre-approval to stand out.
GRB’s Cash+Secured™ program helps eligible buyers strengthen their offers by securing financing before an offer is submitted through a dedicated line of credit established specifically for the home purchase.
The result is greater confidence for buyers, added assurance for sellers, and a smoother path from offer to closing. And because life doesn’t always go according to plan, Cash+Secured is designed to provide additional flexibility and options should traditional financing encounter unexpected challenges.
Offers Structured With
Greater Certainty
Cash+Secured builds on GRB’s fully underwritten approval process by providing eligible buyers with access to a dedicated line of credit established specifically for a future home purchase.
The result is financing that is secured before an offer is submitted, helping strengthen a buyer’s position while providing additional flexibility throughout the transaction process.
Benefits include:
- Financing secured before an offer is submitted
- Fully underwritten approval
- Greater flexibility if circumstances change
- Increased credibility with sellers
- Greater control over your next steps
- Local support from an experienced community bank
- Financing secured before an offer is submitted
- Fully underwritten approval
- Greater flexibility if circumstances change
- Increased credibility with sellers
- Greater control over your next steps
- Local support from an experienced community bank
How Cash+Secured Works
1
Get Approved for Cash+Mortgage
Eligible borrowers complete the application and underwriting process and receive approval for a Cash+Mortgage, providing access to GRB’s next-level Cash+Secured program.
2
Submit a
Cash+Secured Offer
When you find the right home, submit a stronger offer with a property-specific proof-of-funds letter backed by a Cash+Secured Restricted Residential Acquisition Line of Credit, already in place through GRB.
3
Apply for Permanent Financing
If your Cash+Secured offer is accepted, proceed with permanent mortgage financing.
4
Close on Your Mortgage
If permanent financing closes as planned, the purchase proceeds through the standard mortgage process.
Permanent Financing Coverage for Added Closing Assurance
Cash+Secured buyers have a Restricted Residential Acquisition Line of Credit available to close if traditional financing is not possible. In qualifying for a Cash+Secured mortgage, the buyer has agreed that if the seller fulfills their obligations under the purchase contract and the program requirements are satisfied, the line of credit shall be advanced to the seller to complete the transaction.*
Designed for a Stronger Transaction
-
Financing Secured Upfront
Buyers are fully underwritten upfront and have an appraisal gap solution in place as part of their Cash+Secured offer. -
A Stronger Purchase Position
Buyers obtain a Restricted Residential Acquisition Line of Credit in advance designated to purchase the home and serve as an alternate financing option. -
More Flexibility Before Closing
Life can change between contract and closing. Cash+Secured may help preserve a buyer’s earnest money deposit if the line is advanced, providing multiple options for satisfying the terms of the purchase offer. -
Greater Peace of Mind
Buyers can search for homes and submit offers knowing a major financing step has already been completed. Cash+Secured keeps the buyer in control of the transaction, eliminating uncertainty and stress. -
Local Expertise. Personal Service.
Work with GRB, a trusted local banking partner that understands the market and delivers responsive, relationship-driven service.
Why Sellers Value Cash+Securedtm:
-
Offers Backed by Secured Financing
Sellers gain added confidence knowing the buyer’s financial position has been thoroughly reviewed and that a GRB proof-of-funds letter for the home purchase is included with the offer. -
Greater Closing Certainty
The buyer has access to a Restricted Residential Acquisition Line of Credit to support closing should traditional financing fall through. If the seller fulfills their obligations under the purchase contract and all program requirements are satisfied, the line of credit will be advanced to the seller to complete the transaction. -
Appraisal Gap Coverage
GRB helps buyers plan for appraisal gaps upfront. With Cash+Secured, offers are not contingent upon the property appraising at a specific value, helping reduce a common source of delays and renegotiations. -
A More Credible Offer
Completed underwriting and secured financing help strengthen buyer credibility and reduce uncertainty throughout the transaction.
Frequently Asked Questions
How does Cash+Secured compare to a cash offer?
Cash+Secured helps qualified buyers compete more effectively by establishing financing before an offer is submitted. Buyers receive a GRB Proof of Funds letter supported by a dedicated line of credit established specifically for the home purchase.
If the seller fulfills the terms of the purchase agreement and program requirements are met, the transaction is designed to close either through permanent mortgage financing or, under qualifying circumstances, through advancement of the contingent line of credit.
Is Cash+Secured the same as Cash+Mortgage?
No. Cash+Mortgage helps buyers strengthen their offers through a fully underwritten mortgage approval.
Cash+Secured builds on that foundation by adding a dedicated line of credit established for the home purchase. This additional feature is designed to provide greater certainty for sellers and additional flexibility for buyers if circumstances change before closing.
What happens if my mortgage financing cannot close?
If traditional financing is unable to close and the seller's requirements are satisfied, the contingent line of credit may be advanced according to the terms of the agreement.
Once advanced, the buyer takes ownership of the property and will have additional options available based on their circumstances, including obtaining replacement financing, selling the property, or utilizing other available program provisions.
What if I lose my job after my offer is accepted?
Life can change between contract and closing.
If a job loss or other financial disruption prevents permanent financing from closing, Cash+Secured is designed to provide additional flexibility through the contingent line of credit structure, subject to program requirements.
Depending on the buyer's circumstances, several options may be available to help determine the most appropriate path forward.
What if I decide I no longer want the home?
If circumstances change after an offer is accepted, Cash+Secured is designed to provide more flexibility than a traditional financing transaction.
Available options will depend on the buyer's situation and the terms of the program agreement, but the goal is to help buyers evaluate potential solutions while keeping the transaction moving forward.
What happens to my earnest money deposit?
Every transaction is different, and buyers should review the terms of their purchase contract carefully.
Depending on program terms and individual circumstances, Cash+Secured may help provide solutions that reduce the likelihood of losing an earnest money deposit due to financing-related issues.
What if the property does not appraise for the offer amount?
Cash+Secured includes access to GRB's Appraisal Gap Solution.
Before an offer is submitted, GRB works with buyers to understand appraisal risk and identify potential solutions should the property appraise below the purchase price.
Will the Cash+Secured line of credit appear on my credit report?
No. The Cash+Secured line of credit is not reported to the credit bureaus unless it is advanced according to the terms of the program agreement.
If the home purchase closes through traditional mortgage financing as planned, the contingent line of credit remains unused and is not reported to the credit bureaus.
If the line of credit is advanced, it becomes an active loan and may then be reported in accordance with credit requirements.
Level Up Your Purchase Offer
GRB’s Cash+Secured may be our most competitive program – but it’s not the only way to win in the market!
Our team of experienced mortgage professionals will show you how to strengthen your position and increase your chances of getting your offer accepted!
Pre-Qual
A quick way to estimate how much home you maybe able to afford before beginning your search.
- Fast application
- Estimate your budget
- No commitment
- Not a verified approval
Get Pre-qualified
Preapproval
A verified review of your finances that helps you shop with confidence and shows sellers you’re a serious buyer.
- Income verified
- Fully underwritten
- Preapproval letter
- Stronger offers
Get More Details
Purchase with the strength of a cash offer while still financing your home with GRB.
- Cash offer advantage
- Fully underwritten
- Compete with cash buyers
- More attractive to sellers
Get More Details
Level Up Your Purchase Offer
GRB’s Cash+Secured may be our most competitive program – but it’s not the only way to win in the market!
Our team of experienced mortgage professionals will show you how to strengthen your position and increase your chances of getting your offer accepted!
Purchase with the strength of a cash offer while still financing your home with GRB.
- Cash offer advantage
- Fully underwritten
- Compete with cash buyers
- More attractive to sellers
Get More Details
Contact Our Mortgage Team
Click the button below to fill out our ‘Contact Us’ form, and a GRB Mortgage Originator will be in touch to answer your questions!
* Fees and Conditions: A 1% commitment fee may apply under certain circumstances. Please review the program agreement for complete details regarding fees, waivers, eligibility requirements, and program limitations. Return to content.
Important Program Information: Cash+Secured is designed to help eligible borrowers present a more competitive offer on a home by providing greater certainty of closing for the seller. The Cash+Secured Program provides a closed line of credit established solely for the purchase of the specific property identified in the executed purchase contract. Participation in the program does not guarantee approval of permanent mortgage financing for the borrower. If a borrower’s financial, employment, credit, asset, debt, or other qualifying circumstances change, the borrower may no longer qualify for permanent financing. As part of the program, borrowers apply for a contingent line of credit that may be funded if permanent financing cannot close as planned. If the line of credit is funded, the borrower will take title to the property and is responsible for repayment according to the loan terms. Program availability is subject to eligibility, underwriting approval, property qualification, and satisfaction of all program requirements. A 1% commitment fee may apply if the contingent line of credit is funded. The fee is waived when permanent financing closes in accordance with program requirements. Additional terms, conditions, and restrictions apply.