New Loan to be Obtained a. This Agreement is made contingent upon Buyer’s ability to obtain a mortgage loan within seven (7) calendar days from Acceptance, as set forth herein. “
New Loan to be Obtained. This Agreement is contingent on Buyer’s ability to obtain approval of a loan in the total amount of $ within days after the Effective Date. Loan type (check only one): Conventional VA FHA Other (see Exhibit) Rate type (check only one) : Fixed Adjustable Fixed or Adjustable rate loan, at an initial interest rate no higher than %, with discount, points and origination fees no more than % of the total loan amount, and for a term of years. Buyer will apply for a loan within 5 days after the Effective Date and use all reasonable diligence to get approval. If Buyer fails to get the above loan approval before the closing date, either Buyer or Seller may cancel this Agreement by written notice, and all deposit shall be returned to the Buyer.
New Loan to be Obtained
