Legal Question in Banking Law in Pennsylvania

Your Agreement of Sale usually specifies by which date you must make an application for a mortgage loan. It will usually include words to the effect that "....Buyer shall submit an application for a mortgage loan with a bank or lending institution by _________ ..." And a date will be indicated in the blank space, so you will have to have an application submitted by that date.

However, many Agreements of Sale state that the Agreement of Sale is contingent on "Buyer securing a commitment for a mortgage loan by ___________ ". So, if you can apply for a mortgage loan and have them issue a commitment by the date indicated on the Agreement of Sale, then nothing is stopping you from applying for a mortgage loan with another lending institution.