Grow Your Sunward Relationship, Lower Your Rate

Terms and Conditions

To qualify for the Deposit Relationship Pricing Discount (“Discount”), borrowers must maintain deposit balances as shown in the table below. Eligible deposit accounts include Primary Savings, Checking, and Money Market accounts. Accounts that do not qualify include business accounts or other special account types (e.g., trust, estate, or custodial accounts). Deposits must be held in the primary borrower's or co-borrower's accounts; funds in a co-signer's account do not qualify. Eligible deposits must be validated in the qualifying accounts three (3) business days prior to loan closing, and the required deposit balance range must be maintained for the life of the loan.

Sunward will monitor qualifying balances weekly using either the month-end balance or the average daily balance, whichever is more favorable to the Borrower.

If balances fall below the required deposit range, a first notice will be sent, and the balance must be replenished within ten (10) business days. If not replenished in ten (10) business days from the date of first notice, a second notice will be sent informing the borrower of the applicable rate increase. Notices will be provided either by mail or email, with a courtesy call, when applicable. The Discount applies to one loan only, and the Discount selected at origination will not increase or decrease to a different tier after funding, regardless of subsequent changes in deposit balances. To receive a Discount on a second loan, the borrower must deposit additional qualifying funds that meet the required balance range for that loan. If balances fall below the threshold, the Discount will be removed, and the rate will increase by the applicable basis point adjustment listed in the Rate Discount table, and the monthly payment will be recalculated to amortize the loan over the remaining term. The rate adjustment will take effect within 25 days after Sunward issues the second notice.

The Discount applies to new first and second mortgages on owner-occupied and non-owner-occupied properties, including internal and external refinances. Loan modifications to existing first and second mortgages and HELOC loans are not eligible for this Discount. Prior to final loan approval, if the required deposit range is not received within three (3) business days prior to closing, the borrower will not qualify for the Discount. Discounts are subject to change until the rate is locked at closing. All credit is subject to approval, and rates, terms, and conditions may change without notice. This information does not constitute a commitment to lend.