Rouse/Chamberlin Homes

What is the Preferred Mortgage Lender Program?

Rouse/Chamberlin’s goal is to make the home buying process as pleasant as possible. The process of obtaining a mortgage loan is no exception. We want our home buyers to have not only attractively priced mortgage loans but, equally as important, a smoother, hassle-free experience in getting a mortgage.

That’s why we’ve started our Preferred Mortgage Lender Program. Through a competitive search process, we’ve selected Glendale Mortgage because they offer not only attractive rates, but also meet our high standards of service and responsiveness.

Our Preferred Lender will make every effort to provide ESTIMATED closing costs at least seven days prior to closing on your home, provided that Land Services USA, Inc. is selected as the Title company. They will also attend settlement and explain all the mortgage documents.

How Do I Proceed?

With your permission, we will notify our Preferred Lenders that you are a potential Rouse Chamberlin Home buyer. You will then be contacted as to how to proceed.

What Are The Down Payment Requirements?

By agreeing to use a Preferred Lender, the down payment requirements are reduced from the usual 10% to a 5% down payment of the base price of the home and the lot premium plus 5% on structural options, and zero % on non-structural options as opposed to the usual 25%. Rouse/Chamberlin Homes will require a Promissory Note for the balance of the deposit for using a Preferred Lender, in lieu of the additional 5% down. If another mortgage company is chosen, we will require the full deposit. An endorsement with this arrangement will be added to the Agreement of Sale. In addition, our Preferred Lender will not charge more than a total of $925.00 in closing fees, not including the application fee,** to initiate the process and settle the mortgage loan.

1/2% Rebate At Closing

At closing, our Preferred Lender will rebate 1/2% of your loan amount. This can be used toward your closing costs, to buy down your interest rate, etc. - however you choose!

How Much Does The 1/2% Rebate Save You?

The amount you save will depend upon your mortgage amount.* The following is a breakdown of what you can expect:

Mortgage Amount	Credit to Buyer at Settlement
$100,000	$500.00
$125,000	$625.00
$150,000	$750.00
$175,000	$875.00
$200,000	$1,000.00
$225,000	$1,125.00
$250,000	$1,250.00
$275,000	$1,375.00
$300,000	$1,500.00

A rebate certificate will be presented to you at Agreement to be redeemed at settlement as a credit toward closing costs.

What Are The Advantages To Rouse/Chamberlin Home Buyers?

Competitive interest Rates

Our Preferred Lender competes with other lenders to offer among the most attractive rates in the marketplace.

On-Site Customer Service

A Preferred Lender loan officer will be available at our sales offices one Sunday per month to answer any questions and assist you in determining the best option for you.

Hassle-Free Convenience

Preferred Lender loan officers are among the best and most experienced in the business. Your loan officer will take your application wherever it is convenient for you. He or she will be readily available to answer your questions and you’ll have your loan commitment in hand promptly.

No Surprises at Settlement

Because our Preferred Lender is familiar with Rouse/Chamberlin’s procedures and paperwork, there won’t be surprises or delays at settlement. And unlike other lenders, no cash escrows will need to be posted for any incomplete weather-related items.

* Provided you complete settlement with a Preferred Lender. Only one application fee per homeowner will be reimbursed.

** The mortgage application fee will be paid at the signing of the Agreement of Sale by the Buyer as part of the application process and be reimbursed to the Buyer at settlement by the Preferred Lender. It will be shown as a credit on the HUD-1.