FINANCED SALE. This sale is conditioned upon the ability of BUYER to borrow with this Property as security 54 for the loan the sum of $ _ or % of the Sale 55 Price by a mortgage loan or loans at an initial interest rate not to exceed % per annum, interest and 56 principal, amortized over a period of not less than years, payable in monthly installments or on any other 57 terms as may be acceptable to BUYER provided that these terms do not increase the cost, fees or expenses to 58 SELLER. Fees paid by SELLER that are required by lender, if any, shall not exceed
FINANCED SALE. This sale is conditioned upon the ability of BUYER to borrow with this Property as security 55 for the loan the sum of $ or % of the Sale 56 Price by a mortgage loan or loans at an initial interest rate not to exceed % per annum, interest and 57 principal, amortized over a period of not less than years, payable in monthly installments or on any other 58 terms as may be acceptable to BUYER provided that these terms do not increase the cost, fees or expenses to 59 SELLER. The loan shall be secured by a Fixed Rate Mortgage; Adjustable Rate Mortgage; VA 60 Guaranteed Mortgage; FHA Insured Mortgage; Owner Financing; Bond Financing; Other. Fees paid 61 by SELLER that are required by lender, if any, shall not exceed $ _. XXXXX agrees to 62 pay discount points not to exceed % of the loan amount. Other financing conditions: 63
FINANCED SALE. This sale is conditioned upon the ability of BUYER to borrow with this Property as security 56 for the loan the sum of $ _ or _% of the Sale 57 Price by a mortgage loan or loans at an initial interest rate not to exceed % per annum, interest and 58 principal, amortized over a period of not less than years, payable in monthly installments or on any other 59 terms as may be acceptable to BUYER provided that these terms do not increase the cost, fees or expenses to 60 SELLER. The loan shall be secured by: � � � � 61 Fixed Rate Mortgage 62 Adjustable Rate Mortgage 63 Rural Development 64 VA Guaranteed Mortgage 65 FHA Insured Mortgage Owner Financing Bond Financing � � � � Other 66 Fees paid by SELLER that are required by lender, if any, shall not exceed $ _. BUYER 67 agrees to pay discount points not to exceed % of the loan amount. 68 69 Other financing conditions: 70 71 . 72 73 BUYER shall make written application for a loan, with a Lender, matching the terms provided for in Lines 55-71 74 above, no later than _ calendar days after the Date of Acceptance of this offer by both parties (“Loan 75 Application Period”). If BUYER fails to make written application within this period of time, the SELLER may, at 76 SELLER’S option, terminate this Agreement by giving BUYER written notice of their intent to terminate. BUYER 77 agrees to provide SELLER with a written Verification of Loan Application from the Lender, which must stipulate, at 78 a minimum, the following: (1) a formal loan application has been completed by the BUYER and received and 79 reviewed by the Lender; (2) BUYER’S credit report has been received and reviewed by the Lender; (3) Lender 80 has received from BUYER all initial documentation of BUYER’S income and assets, as requested by Xxxxxx; and
FINANCED SALE. This sale is conditioned upon the ability of BUYER to borrow with this Property as 65 security for the loan the sum of NA ($ N/A_) or SAMPLE 66 N/A (_N/A_%) of the Sale Price by a mortgage loan or loans at an initial interest rate not to exceed 67 N/A (_N/A_%) per annum, interest and principal, amortized over a period of not less than 68 N/A (# N/A_) years, payable in monthly installments or on any other terms as may be acceptable 69 to the BUYER provided that these terms do not increase the cost, fees or expenses to the SELLER. The loan shall be secured by (Check all that apply): 71 ☐ Fixed Rate Mortgage ☐ FHA Insured Mortgage 72 ☐ Adjustable Rate Mortgage ☐ Owner Financing 73 ☐ Rural Development ☐ Bond Financing 74 ☐ VA Guaranteed Mortgage ☐ Conventional Mortgage 75 ☐ Other 76 77 The BUYER agrees to pay discount points not to exceed N/A 78 ( N/A ) % of the loan amount. Other financing conditions: See Addendum 79 N/A 80 N/A 81 N/A 82 83 The BUYER acknowledges and warrants that the BUYER has available the funds which may be required to 84 complete the sale of the Property, including but not limited to the deposit, the down payment, closing costs, 85 pre-paid items, and other expenses. If this sale is a Financed Sale, BUYER acknowledges that any terms and conditions 86 imposed by the BUYER’S lender(s) or by the Consumer Financial Protection Bureau shall not affect or extend the 87 BUYER’S obligation to execute the Act of Sale or otherwise affect any terms or conditions of this Agreement 88 except as otherwise set forth herein. The BUYER shall supply the SELLER writen documentation from a lender 89 that a loan application has been made and the BUYER has given writen authorization to lender to proceed with 90 the loan approval process within zero (# 0 ) calendar days after the date of acceptance of 91 this offer by both parties. If the BUYER fails to make loan application, and to supply SELLER with writ en 92 documentation of that application and XXXXX’S writen authorization for lender to proceed with loan process within this period, the SELLER may, at the SELLER’S option, elect, in writing, to terminate the Agreement and 93 declare the Agreement null and void, by giving the BUYER writ en notice of the SELLER’S termination. If the 94 BUYER is not able to secure financing, the SELLER reserves the right to provide all or part of mortgage loan(s) 95 under the terms set forth above.
FINANCED SALE. This sale is conditioned upon the ability of BUYER to borrow with this Property as security 57 for the loan the sum of $ or % of the Sale 58 Price by a mortgage loan or loans at an initial interest rate not to exceed % per annum, interest and principal, 59 amortized over a period of not less than years, payable in monthly installments or on any other terms as may 60 be acceptable to BUYER provided that these terms do not increase the cost, fees or expenses to SELLER. Fees 61 paid by SELLER that are required by lender, if any, shall not exceed $ . XXXXX agrees 62 to pay discount points not to exceed % of the loan amount. 63 Other financing conditions: 64
FINANCED SALE. This sale is conditioned upon the ability of BUYER to borrow with this Property as security 55 for the loan the sum of $ or % of the Sale 56 Price by a mortgage loan or loans at an initial interest rate not to exceed % per annum, interest and 57 principal, amortized over a period of not less than years, payable in monthly installments or on any other □ □ □ 58 terms as may be acceptable to BUYER provided that these terms do not increase the cost, fees or expenses to □ 59 SELLER. The loan shall be secured by a Fixed Rate Mortgage; Adjustable Rate Mortgage; VA 60 Guaranteed Mortgage; FHA Insured Mortgage; Owner Financing; Bond Financing; Other. Fees paid □ □ □ 61 by SELLER that are required by lender, if any, shall not exceed $ _. XXXXX agrees to 62 pay discount points not to exceed % of the loan amount. Other financing conditions: 63
FINANCED SALE. This Contract is contingent upon BUYER obtaining the financing 536 described in this paragraph. 537 538 BUYER may obtain Loan(s) different from those described herein provided that the terms of the Loan(s) do 539 not result in additional costs to SELLER, delay the Closing Date,or change the Loan approval time frame. 540 These changes must be agreed in writing, by both parties, within five (5) calendar days of BUYER’S 541 knowledge and no later than calendar days before Closing Date (fifteen (15) days if left blank). 542 543 BUYER and SELLER are hereby informed that any changes to the terms below after the Effective Date of 544 the Contract have the potential to delay Closing and/or change costs due to federal regulations. 545 546 a. Type of Financing. Loan(s) will be owner-occupied Loan(s) or investment Loan(s). 547 548 b. Loan Types/Terms. BUYER will obtain a Loan(s) upon the following terms: 549 550 Type: Primary Loan Secondary Loan 551 Conventional 552 FHA 553 VA 554 USDA 555 Other 556 Interest Rate: 557 Fixed Rate 558 Adjustable Rate 559 Interest Only 560 Other 561 562 Amortization Period years years 563 Principal Amount or LTV 564 565 All Loan amounts will include financed mortgage insurance premiums or VA funding fee, if any, according 566 to the provisions described herein (the “Loan”). The Loan(s) will be secured by a mortgage/deed of trust 567 on the Property or as otherwise required by Xxxxxx(s), and repayable in monthly installments. 568 569 c. The Loan(s) will bear interest as follows: 570
FINANCED SALE. This Contract is contingent upon BUYER obtaining the financing described in 300 this paragraph. 301 302 BUYER may obtain Loan(s) different from those described herein provided that the terms of the Loan(s) do not 303 result in additional costs to SELLER, delay the Closing date, or change the Loan approval time frame. These 304 changes must be agreed in writing, by both parties, within five (5) calendar days of BUYER’S knowledge and no 305 later than calendar days before Closing Date (fifteen (15) days if left blank). Any other changes must be 306 communicated to SELLER in writing and include a pre-approval letter. 307 308 BUYER and SELLER are hereby informed any changes to the terms below after the Effective Date of the Contract 309 have the potential to delay Closing and/or change costs due to federal regulations. 310 311 a. Type of Financing. Loan(s) will be owner-occupied Loan(s) or investment Loan(s). 312
FINANCED SALE. This Contract is contingent upon BUYER obtaining the financing described in 272 this paragraph. 273 274 BUYER may obtain Loan(s) different from those described herein provided that the terms of the Loan(s) do not 275 result in additional costs to SELLER, delay the Closing Date, or change the Loan approval time frame. These 276 changes must be agreed in writing, by both parties, within five (5) calendar days of BUYER’S knowledge and no 277 later than calendar days before Closing (fifteen (15) days if left blank). 278 279 BUYER and SELLER are hereby informed that any changes to the terms below after the Effective Date of the 280 Contract have the potential to delay Closing and/or change costs due to federal regulations. 281
FINANCED SALE. This sale is conditioned upon the ability of BUYER to borrow with this Property as security 55 for the loan the sum of $ or % of the Sale 56 Price by a mortgage loan or loans at an initial interest rate not to exceed % per annum, interest and 57 principal, amortized over a period of not less than years, payable in monthly installments or on any other 58 terms as may be acceptable to the BUYER provided that these terms do not increase the cost, fees or expenses 59 to the SELLER. The loan shall be secured by: 60 Fixed Rate Mortgage FHA Insured Mortgage 61 Adjustable Rate Mortgage Owner Financing 62 Rural Development Bond Financing 63 VA Guaranteed Mortgage Other 65 The BUYER agrees to pay discount points not to exceed % of the loan amount. 66 Other financing conditions: 67
