•  Keys on TimeTM program is not available in Oregon

• Your mortgage must be a purchase transaction

• Initial documentation requested must be received by APM or one of its dba branches, within FIVE BUSINESS DAYS

• All additional documentation requests must be received by APM or one of its dba branches within TWO BUSINESS DAYS

• To be eligible for the full program, offering a $2000 commitment, you must apply for loan prior to making an offer. If application is not approved prior to offer accepted, 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 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 TEN BUSINESS DAYS from the scheduled closing date

• 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 FIVE BUSINESS DAYS prior to the closing date

• Loans with subordinate financing must have secondary loan approval 5 BUSINESS DAYS prior to closing

• The loan must close and fund with APM or one of its dba branches 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 TEN 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 FIVE BUSINESS DAYS prior to the closing date

• Loans with subordinate financing must have secondary loan approval 5 BUSINESS DAYS prior to closing

• The loan must close and fund with APM or one of its dba branches in order 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 APM, including inclement weather, natural disaster, catastrophic event, an act of terrorism, or other public emergencies