In partnership with Help your clients borrow smarter

FAQs

• What is the Betterment + Rate mortgage promotion?

  Betterment has partnered with Rate to offer discounted mortgage pricing to eligible Betterment customers.

  Customers who qualify may receive up to 0.75% off their mortgage interest rate and a closing cost credit of $500 when applying for a mortgage through Rate. The promotion is available only through this partnership and requires applying directly with Rate using the following link:

  www.rate.com/betterment

  All mortgage applications, approvals, and final loan terms are determined by Rate.

• Who is eligible for this promotion?

  
  Clients who have at least $100,000 in assets and cash held at Betterment can apply for a mortgage through Rate using the Betterment partnership links.
  How your clients’ assets are counted depends on whether they’re applying on their own or with another person. If they’re applying for the mortgage on their own, they will need at least $100,000 in assets and cash held at Betterment in their own name. If they’re applying together and both applicants are householded at Betterment, their combined household balance may be used to meet the $100,000 requirement.
  

  All eligibility is reviewed during the mortgage application process. Final approval is determined by Rate.

• What types of mortgages are eligible for this promotion?

  This promotion is only available for new home purchase mortgages. It can’t be used to refinance an existing mortgage.
  

  The home must be a primary residence, which means vacation homes and investment properties aren’t eligible.
  

  To participate, your clients need to apply for the mortgage through Rate using the Betterment partnership links. Eligibility and final loan terms are confirmed by Rate during the application process.

• How do your clients apply for the promotion?

  To apply for the promotion, your clients can start their mortgage application directly with Rate using this link:
  

  • www.rate.com/betterment
    

  Once they begin the application, Rate’s team will guide your clients through the rest of the process and confirm their eligibility for any available discounts.

• Who should your clients contact about their mortgage application or its status?

  If your clients have questions about their mortgage application, loan details, eligibility, or the status of their application, your clients should contact Rate directly. Rate is the mortgage lender and manages the application and underwriting process.
  

  Your clients can reach Rate at betterment@rate.com or by phone at 844-207-5388.
  

  For full details about the promotion, including eligibility requirements and limitations, your clients can review the Terms and Conditions.

• Is this promotion available in all states?

  Yes. Rate offers mortgages in all 50 U.S. states, so your clients who qualify across the country can apply for this promotion.
  

  Keep in mind that mortgage availability and final loan terms can still vary based on your clients’ application details and the property they’re buying, which Rate will review during the application process.