Financing Your New Home

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*On-Time Closing Guarantee Conditions: The up to $2,000 Closing Cost Credit On-Time Closing Guarantee (the “Guarantee”) available from Silverton Mortgage (“Silverton”) for loans financing the purchase of a Mungo Homes (“Mungo”) property with a signed purchase agreement dated on or after November 1, 2020. If Silverton fails to meet the Guarantee scheduled closing date, the $2,000 Guarantee will be in the form of a Silverton credit toward closing costs otherwise required to be paid by applicant. The Guarantee scheduled closing date is determined by mutual agreement of the applicant, Mungo and Silverton but must be a minimum of forty-five (45) days from the date of application with Silverton. Silverton will communicate the agreed upon scheduled closing date to the applicant by email. To be eligible for the Guarantee, all applicant(s)s must provide any information requested by Silverton within forty-eight (48) hours of Silverton’s request and must meet all of the following eligibility requirements: All information on the loan application must be accurate and must not contain fraudulent information or material misrepresentations. The appraised value for the property purchased from Mungo must be equal to or greater than the purchase price listed on the purchase agreement with Mungo. Applicant(s) must lock the Silverton loan rate and satisfy all loan requirements and conditions, including payment of all advance fee deposits, at least seven (7) business days prior to the Guarantee scheduled closing date. No loan or program changes are permitted less than seven (7) business days prior to the Guarantee scheduled closing date. For FHA loans, the property purchase being financed with the Silverton loan must qualify for FHA financing. The following loan programs/applicants are not eligible for the Guarantee: Loans requiring a subordination of a prior loan; Loan applicants who have disputed credit accounts; loans to be secured by properties requiring repairs or re-inspection; loans to be secured by properties purchased through a “short-sale” or as a bank owned property; ; Mortgage Revenue Bond Programs; Construction or Renovation Loan Transactions; Jumbo Loans; Non-warrantable condominiums; Manufactured homes; Refinance Transactions. Silverton is not responsible for the performance of third parties, such as Appraisers, Attorneys, Title Companies, Governmental Agencies or anyone not under direct control of Silverton, that may delay the closing. Certain financing programs may limit the total amount that Silverton may credit the applicant at closing if the Guarantee credit is awarded and applicant closing costs may be less than $2,000. Therefore, not all Guarantee closing credit awards will be $2,000, some may be less. Silverton is not responsible for an applicant losing any earnest money deposit or other funds resulting from a closing date not occurring as scheduled. Guarantee is void if prohibited by law.

**Silverton Mortgage closing cost credit is paid by Mungo Homes® and is only available for borrowers financing the purchase of a new home from Mungo Homes® with Silverton Mortgage. Buyer must use Mungo’s selected closing attorney/title company to close the purchase of the property. Closing cost credit will be limited to the amount of the actual closing costs, up to $3,500. Closing costs that exceed $3,500 are the responsibility of and must be paid by the buyer financing with Silverton Mortgage. The amount of the closing cost credit may be limited by other loan program restrictions and may not be available with all loan programs. See your purchase agreement for complete details. Promotion available for purchase contracts signed on or before 12/31/2023.

Vanderbilt Mortgage and Finance, Inc., dba Silverton Mortgage, 1201 Peachtree St NE, Ste 2050, Atlanta, GA 30361, 404-815-0291, NMLS #1561, (http://www.nmlsconsumeraccess.org/), AZ Lic. #BK-0902616, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act license, Licensed by the N.J. Department of Banking and Insurance, Licensed by PA Dept. of Banking, Rhode Island Licensed Lender. Licensing information: https://silvertonmortgage.com/licensing/ . All information is believed accurate and is subject to change without notice. Equal Housing Opportunity.