MORTGAGE WAREHOUSE LINE AGREEMENT FIRST SAVINGS BANK, FSB ARLINGTON, TEXAS andMortgage Warehouse Line Agreement • September 17th, 2020 • Texas
and First Savings Bank, FSB (“the Lender”), 301 South Center Street, Arlington, Texas 76010 on this _____ day of ______________, _______. Pursuant to the terms of this Agreement, the Lender may, in its sole discretion, advance funds on the Company’s behalf to fund loans secured by one-to-four family residential dwellings, provided that such loans are conforming loans eligible for purchase under Government National Mortgage Association (“GNMA”), Federal National Mortgage Association (“FNMA”), Federal Home Loan Mortgage Corporation (“FHLMC”), or approved institutional investor criteria. Each loan made by Lender hereunder must be secured by a first or second lien on the land on which the dwelling is situated (“Mortgages”); in addition, and subject to the terms of this Agreement, the Company shall have a written Take Out Letter (a “Take Out Letter”) consistent with the format on EXHIBIT A issued by an investor (the “Investor”) approved by the Lender to purchase such Mortgages. [First Savin
