Buying a home comes with enough decisions. This one is easy.
Here at Luminate Bank, we’re proud to offer the Brighter Closing Credit Program, a simple way to make your closing a little lighter, brighter, and more rewarding.
With this program, you can earn a lender credit at closing by opening a Luminate Brighter Checking account and funding it with a qualifying deposit.
Designed to help you save upfront on closing costs, the Brighter Closing Credit Program is a great way to build a strong banking relationship while securing your new home.
How to Qualify for Luminate Bank’s Brighter Closing Credit Program
Your lender credit is based on the amount you deposit into your new Luminate Brighter Checking account:
$2,500 deposit = $400 lender credit
$100,000 deposit = $1,000 lender credit
This credit is applied directly toward your closing costs, up to the maximum amount allowed for your loan.
How the Brighter Closing Credit Program Works
Getting started is easy, and the process is built right into your mortgage journey.
1. Open a new Luminate Brighter Checking account
You will receive a secure link during your mortgage application to open your account online.
2. Fund your account with a qualifying deposit
Choose the deposit amount that works best for you and qualifies for a lender credit.
3. Receive your lender credit at closing
Your credit will be applied toward your closing costs, helping reduce your out-of-pocket expenses.
A Win for Today and For the Future
Closing costs can add up quickly, from lender fees to prepaid items and escrow funding. The Brighter Closing Credit Program helps offset some of those expenses while also giving you a head start on your everyday banking relationship with Luminate.
Instead of just paying closing costs and moving on, you are opening a checking account that can support your financial goals long after you get the keys to your new home. It is a win for today and for the future.
Other Ways to Make Closing More Affordable
The Brighter Closing Credit Program is just one way to reduce your upfront homebuying costs. Depending on your situation, you may also qualify for additional programs designed to make homeownership more accessible.
Down Payment Assistance Programs
Down payment assistance programs are designed to help eligible buyers cover part of their down payment and, in some cases, closing costs. These programs are often offered through state or local housing agencies, nonprofits, or community organizations.
Assistance may come in the form of grants, forgivable loans, or low-interest second mortgages. Each program has its own eligibility requirements, which can be based on income, location, occupation, or whether you are a first-time homebuyer.
If you are wondering whether you qualify for down payment assistance, your loan officer can help you explore available options and guide you through the application process.
Ready to Learn More?
The Brighter Closing Credit Program is all about making your homebuying experience smoother, more affordable, and more rewarding. If you are currently applying for a mortgage or thinking about starting the process, our team is happy to walk you through the details and see how much you could save.
Because when it comes to closing on your new home, every little bit of brightness helps.
