Whether you’re a prospective home buyer or a real estate agent managing a property; the radius Pre-Approval Promise can help you! When backed by this Promise both the buyer and seller will have confidence.

If the buyer’s financing for thepurchase of the home is not approved:

  • radius will pay the seller $5,000.

  • radius will also reimburse the buyer up to $1,000 for the cost of their home inspection and property appraisal.

*Subject to radius’ Pre-Approval Promise terms, conditions and eligibility listed below.


PJ Sowden, Loan Officer


MLO NMLS #22413
Licensed in MA
radius financial group inc.



PROMISE TO SELLER. In the event that the financing contingency of the purchase and sale agreement (“P&S”) between Seller and Buyer fails on an Eligible Transaction due to a radius Pre-Approval mistake (a “Bad Pre-Approval”), then radius shall pay Seller five thousand dollars ($5,000), subject to the terms and conditions herein. This payment shall be Seller’s sole remedy.

PROMISE TO BUYER. In the event that radius issues a Bad Pre-Approval to Buyer on an Eligible Transaction, radius will reimburse Buyer reliance expenses up to one thousand dollars ($1,000) for a home inspection, appraisal, or legal expenses actuallypaid out-of-pocket by Buyer, subject to the terms and conditions herein. This payment shall be Buyer’s sole remedy.

ELIGIBLE TRANSACTION. For purposes of this Promise, an “Eligible Transaction” is a purchase money mortgage transaction for a primary residence (made on or after April 1, 2018) (not made to a radius employee or immediate family member), provided that the loan is a Conventional, USDA, VA, or FHA loan product for either (i) an existing home resale or (ii) a newly constructed home that is to be delivered and closed within ninety (90) days of the P&S.

CONDITIONS. The applicable radius Pre-Approval must not have expired prior to the date of the P&S. Offers/P&Ss cancelled due to home inspection issues or title defects are not covered under this Promise, and this Promise is void if a Bad Pre-Approval is the result of: (i) a change in Buyer’s financial position, (ii) property specific requirements or expenses (e.g. homeowner’s association dues/fees, flood insurance, or property taxes), or (iii) loan product availability or underwriting requirements, or third-party actions outside of radius’ control. A Pre-Approval Promise agreement must be signed by all parties.

Making Mortgages Better.

Want More Information? Contact PJ Using the Form Below.

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