• Keys on Time program is not available in Oregon

• Your mortgage must be a purchase transaction

• Initial documentation requested must be received by The Kosmecki Team within THREE BUSINESS DAYS

• All additional documentation requests must be received by The Kosmecki Team within TWO BUSINESS DAYS

• To be eligible for the full program, offering a $2000 commitment, you must apply for loan before making an offer. If the application is not approved before the offer is accepted, the borrower is only eligible for the Lite version, offering a $1000 commitment.

• You must provide a copy of your purchase contract and your closing date must be scheduled no sooner than 28 CALENDAR DAYS from the receipt of the executed Intent to Proceed

  • Except for  30 CALENDAR DAYS required for VA loans

• You may not request loan term changes, e.g. changes in loan program, term of loan, or down payment amount within FUFTEEN BUSINESS DAYS from the scheduled closing date

• You must lock your loan rate and satisfy all loan requirements and conditions at least TEN BUSINESS DAYS before your closing date

• The final appraisal and/or completion certificate, with all revisions, must be received SEVEN BUSINESS DAYS before the closing date

• Loans with subordinate financing must have secondary loan approval SEVEN BUSINESS DAYS before closing

• The loan must close and fund with Edge as the broker in order for any commitment fee to be paid out.

  • 30 CALENDAR DAYS required for VA

• You may not request loan term changes, e.g. changes in loan program, term of loan, or down payment amount within FIFTEEN BUSINESS DAYS from the scheduled closing date, or the commitment will be forfeited

• You must lock your loan rate and satisfy all loan requirements and conditions at least SEVEN BUSINESS DAYS prior to your closing date.

• The final appraisal and/or completion certificate, with all revisions, must be received SEVEN BUSINESS DAYS before the closing date.

• Loans with subordinate financing must have secondary loan approval SEVEN BUSINESS DAYS before closing

• The loan must close and fund with Edge and one of its lenders for any commitment fee to be paid out.

The Keys-on-Time Commitment is void if:

• The closing date is missed due to delays attributable to the borrower(s) outlined in terms, a third party, or the seller
• Information provided by the borrower(s) on the application could not be verified or was inaccurate
• The loan is $2,000,000 or greater
• The loan, as structured, does not meet federal/state regulatory requirements and/or agency guidelines.
• The closing date is missed due to acts of God outside the control of Edge or it’s lenders, including inclement weather, natural disaster, catastrophic event, an act of terrorism, or other public emergencies