Van Metre Expectations Guide - Manual / Resource - Page 9
The next step in the home buying process is to apply for a mortgage to finance your new
home. The exception to this would be a cash transaction. Your Community Sales Manager
will be happy to assist you in preparing for the mortgage application appointment and
provide you with a helpful information package detailing what information the lender
• Of course, you have the right to choose your mortgage and settlement companies. It is
in everyone’s best interest that your application process and settlement go smoothly.
To assist, Van Metre Homes may provide closing and settlement costs assistance
should you use Van Metre’s trusted lender, INTERCOASTAL MORTGAGE LLC
(ICM), and settlement company, WALKER TITLE, LLC.
• You are required to submit a loan application within seven days from the date you
signed the Agreement of Sale as further described in Part Two of the Agreement of
Sale. You must provide Van Metre with a written, unconditional Loan Commitment
within the timeframe described in Part One of the Agreement of Sale. It is imperative
that you start the loan application process as soon as possible.
• All other terms and conditions, with respect to pre-qualification and final approval,
will apply with any outside lender as well as Van Metre Homes’ designated lender.
• If you elect to use a Settlement Company other than WALKER TITLE, LLC, you must
notify Van Metre Homes in writing with the name, address and phone number of the
Settlement Agent no later than 30 days before the Estimated Completion Date of
your new home. Van Metre Homes reserves the right to charge an administrative fee
of no less than $750.00 for the costs incurred by Van Metre Homes regarding the
preparation and/or review of documents requested by the Settlement Agent. Please
keep in mind that the keys to your new home will not be available for 1–3 days while
we await verification that the settlement has been fully funded.