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Beacon Davenport Home
How do I apply for Pay-at-Close?
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Enter a phone number to sign up
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Enter the amount to pay the invoice
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Complete a short application and identity verification pcoress
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Once Approved, Titus will disburse funds to pay for the staging
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You can then repay your Titus credit line at closing or in 6 months, whichever comes first
Will applying affect my credit score?
NO. Titus only performs a soft credit inquiry during this process for pre-qualification purposes, so there's no impact on credit score when applying or using funds
What are the criteria to get approved?
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An active, signed listing agreement in place
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Minimum 640 credit score
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Brokers must have an active real estate license in the state
How much will I qualify for?
Brokers can qualify for 1.5% of the list price, up to $25K.
Once approved, you can use as little or as much as you'd like. You will only pay back the amount you use plus your pay at close fee.
What are the fees?
The fee is 0% for Beacon Davenport transactions only. The rate applies as long as the home closes within the 6 month time period.
Can I use my pay at close funds for other listing expenses?
YES! You can log into your Titus account at www.gotitus.com with the phone # you originally signed up with. Once in your Titus dashboard, yhou can pay for other listing prep such as painting, repairs, and photography. It's easy to search for vendors to pay within the Titus network.
To pay vendors outside the Titus network, you will need to enter details to pay them via ACH. A copy of the invoice from that vendor will also be required. An additional 4% fee applies to any out-of-network payments made.
When are funds due?
When you choose to pay-at-close with Titus, you are starting a 6-month loan that will be due at the earliest of the following:
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The home sells
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The home has not been actively listed for sale within 60 days
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The listing is canceled or withdrawn
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Six-months have passed since the date of application
How do I repay through closing?
Once the home goes through contract, you'll add the contact information for the company handling the closing.
To add closing details:
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Go to your Titus account at www.gotitus.com
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Log in with the phone # you originally used to sign up
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Click the > next to the listing address
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Choose "Add closing info"
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Add details for the title, escrow, or attorney handling your closing
Once this is received, a payoff invoice will automatically be emailed to the closing team.
Can I repay outside of closing?
YES, you can repay at any time through your Titus account.
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Log in to your account at www.gotitus.com
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Click on Repay Now
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Follow the prompts to repay by ACH or debit card
There are no prepayment penalties for repaying your loan prior to the close date.
What if the home doesn't sell?
If the home hasn't sold by the time funds are due, you can opt to roll the amount over to another active listing.
Additional fees may apply.
What happens if I fail to repay the loan
If you default on the loan or fail to repay, Titus may report the delinquency to credit bureaus, which could negatively affect your credit.
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