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Mungo News

May 24, 2022

Ask How Our Guaranteed Rate Lock Can Give You Peace of Mind!


Buying a new home is probably the largest investment you’ll ever make—and while that statement may seem overwhelming, that doesn't mean your financing process has to be. Mungo Homes has been building high-quality homes and thoughtfully-designed communities throughout the Southeast for decades, and our goal is to make your journey to a new home as simple and stress-free as possible. So we’ve partnered with Silverton Mortgage—a recognized leader in the mortgage industry—to save you some extra time, effort (and possibly money) during the home-buying process. To give you peace of mind, we can offer a guaranteed rate lock so you don't have to worry!  When you use Silverton Mortgage to finance your new Mungo Home, you’ll not only lock at today’s interest rate, you can adjust down one time, within 60 days, before you close if rates drop! Contact us for homes that are available for a guaranteed extended rate lock! 

So what exactly are the other benefits of working with our lender partner? 

Trusted partner 

Founded in 1998, Silverton Mortgage has grown from a one-person operation to a top residential mortgage lender. Much like Mungo, they credit their years of success to the relationship with clients and the hard work of their diligent team members.

Our partnership means that Silverton Mortgage has a dedicated team of loan originators that specialize in Mungo home buyers, making them experts in new-home construction lending, the different types of loans available and our particular processes. Their team, with a combined 75 years’ experience in the industry, demonstrates a true commitment to helping homebuyers every step of the way. Whether they’re answering questions, explaining loan steps, providing valuable advice or handling the nitty-gritty details of your future mortgage, their end goal will always be to provide you with the best experience possible. 

Both Silverton Mortgage and Mungo Homes are part of the Berkshire Hathaway family of companies, so we are working toward the same end goal of helping you achieve your homeownership dreams while keeping customer satisfaction top-of-mind. 

Financial perks 

It’s important to work with a lender who is aligned to the same goals as your builder for many reasons, but one of the most noteworthy perks of the partnerships between Mungo and Silverton is the On-Time Closing Guarantee. This benefit provides buyers with up to a $2,000 credit on closing costs if for—whatever reason—they are responsible for a delay in your closing. 

Additionally, you may also receive up to $3,500 towards your closing costs when you choose Silverton Mortgage for the financing of your new Mungo home. This credit comes straight from our team, so it won’t impact your interest rate in any way. 

Peace of mind 

It’s already hard enough to find the right builder to work with for your future home—don’t let your choice in mortgage lender add time or stress to the process. Mungo Homes has been in the business of homebuilding since 1954, and we worked hard to find the best possible lender partner for our customers. From pre-approval to closing day, we know that you’ll be in the best hands when you finance your Mungo home with the Silverton Mortgage team of experts.   

Ready to start the process of purchasing a Mungo home with the help of Silverton Mortgage? Check out some need-to-know information about financing your new home or start the pre-approval process with Silverton today. You can also contact our team to learn more about the availability of our guaranteed extended rate lock program as well as Mungo’s upcoming communities throughout North Carolina, South Carolina, Georgia and Virginia.

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