Purchase Pass Program

^{*Subject to borrower’s satisfactory completion of the Purchase Pass program and receipt of an approved Purchase Pass Commitment Letter. Credit approval required. Rate Lock agreement will be required to determine final interest rates and monthly payment. Commitment to close within 10 business days requires (a) Leader Bank’s review and acceptance of a valuation of the chosen property; (b) the ability of the Bank to obtain a clear title commitment and title insurance for a mortgage secured by the property, (c) borrower’s purchase of satisfactory insurance relating to the property as may be required and (d) satisfaction of all other conditions in the final Commitment Letter issued. 10-day closing offer available only for properties in Massachusetts, Connecticut, Rhode Island, and the following New Hampshire counties: Hillsborough, Rockingham, Merrimack, Strafford, Belknap, and Cheshire. Eligible borrowers will only receive $500 credit towards closing costs if both (a) the closing date in the purchase and sale agreement is set within 10 business days of Leader Bank’s receipt of the signed agreement and (b) neither borrower nor seller request and receives an extension to the closing date beyond this 10 business day deadline.}

^{**Available for Purchase Pass commitments for conventional and conforming Fannie Mae or Freddie Mac loans. For qualifying borrowers, if an appraisal comes in under the proposed purchase price so that the loan to value ratio of the loan would increase from 80% up to 85%, Leader Bank will cover the cost of any mortgage insurance premiums or pricing adjustments to honor Purchase Pass Commitment. Eligible borrowers must have eligible assets to contribute 20% of purchase price; minimum FICO score of 760 and maximum debt-to-income ratio of 35% required. Eligible for single family or warrantable condominium primary residences in Massachusetts only.}