Common use of Financing Requirements Clause in Contracts

Financing Requirements. (a) Buyer intends to pay the balance due at Closing, including closing costs, association dues, reserve payments, loan fees and costs and prorations by □ VA Loan INITIAL □ FHA Loan INITIAL □ Conventional Loan INITIAL □ Other INITIAL (b) In the event Buyer checked “Loan” above, then ▇▇▇▇▇ is responsible to promptly apply for a (mortgage) loan and to supply his/her chosen lender all required information. (c) Buyer shall pay all loan application and origination fees, discount points, mortgage insurance, VA funding fee and other loan expenses except as may be provided for elsewhere in this Contract. (d) In the event Buyer intends to pay the balance due in cash, Buyer shall make a Proof of Funds satisfactory to Seller within twenty-one days of the Reference Date. In the event said Proof of Funds is unsatisfactory to Seller, Seller shall have the right to cancel this Contract and, in that instance, return all deposits to Buyer. Buyer shall provide Proof of Cash to Seller in the event 5% (five percent) or more of the purchase price is to be paid in cash. (e) ▇▇▇▇▇ and Seller shall share equally in the closing agent’s fee, if any. (f) All payments shall be paid in cash, electronic funds transfer, certified check, cashier's check or savings and loan teller's check (which are known as Good Funds) unless otherwise agreed to by Seller. (g) This Contract shall not be subject to an appraisal, except as provided for in Section 5(b).

Financing Requirements. (a) Buyer intends to pay the balance due at Closing, including closing costs, association dues, reserve payments, loan fees and costs and prorations by □ VA Loan INITIAL □ FHA Loan INITIAL □ Conventional Loan INITIAL □ Other INITIAL (b) In the event Buyer checked “Loan” above, then ▇▇▇▇▇ Buyer is responsible to promptly apply for a (mortgage) loan and to supply his/her chosen lender all required information. (c) Buyer shall pay all loan application and origination fees, discount points, mortgage insurance, VA funding fee and other loan expenses except as may be provided for elsewhere in this Contract. (d) In the event Buyer intends to pay the balance due in cash, Buyer shall make a Proof of Funds satisfactory to Seller within twenty-one days of the Reference Date. In the event said Proof of Funds is unsatisfactory to Seller, Seller shall have the right to cancel this Contract and, in that instance, return all deposits to Buyer. Buyer shall provide Proof of Cash to Seller in the event 5% (five percent) or more of the purchase price is to be paid in cash. (e) ▇▇▇▇▇ Buyer and Seller shall share equally in the closing agent’s fee, if any. (f) All payments shall be paid in cash, electronic funds transfer, certified check, cashier's check or savings and loan teller's check (which are known as Good Funds) unless otherwise agreed to by Seller. (g) This Contract shall not be subject to an appraisal, except as provided for in Section 5(b).

Financing Requirements. (a) Buyer intends to pay the balance due at Closingclosing, including closing costs, association dues, reserve payments, loan fees and costs and prorations by □ proration by: VA Loan INITIAL □ _ FHA Loan INITIAL □ _ Conventional Loan INITIAL □ _ Other INITIALINITIAL _ (b) In the event Buyer checked “Loan” above, then ▇▇▇▇▇ Buyer is responsible to promptly apply for a (mortgage) loan and to supply his/her chosen lender all required information. (c) Buyer shall pay all loan application and origination fees, discount points, mortgage insurance, VA funding fee and other loan expenses except as may be provided for elsewhere in this Contract. (d) In the event Buyer intends to pay the balance due in cash, Buyer shall make a Proof of Funds satisfactory to Seller ▇▇▇▇▇▇ within twenty-one days of the Reference Date. In the event said Proof proof of Funds is unsatisfactory to Seller▇▇▇▇▇▇, Seller ▇▇▇▇▇▇ shall have the right to cancel this Contract and, in that instance, return all deposits to Buyer. Buyer shall provide Proof of Cash to Seller ▇▇▇▇▇▇ in the event 5% (five percent) or more of the purchase price is to be paid in cash. (e) Buyer and ▇▇▇▇▇▇ and Seller shall share equally in the closing agent’s fee, if any. (f) All payments shall be paid in cash, electronic funds transfer, certified check, cashier's check or savings and loan teller's check (which are known as Good Funds) unless otherwise agreed to by Seller▇▇▇▇▇▇. (g) This Contract shall not be subject to an appraisal, except as provided for in Section 5(b7(h).

Financing Requirements. (a) Buyer intends to pay the balance due at Closingclosing, including closing costs, association dues, reserve payments, loan fees and costs and prorations by □ proration by: ☐ VA Loan INITIAL □ ☐ FHA Loan INITIAL □ ☐ Conventional Loan INITIAL □ ☐ Other INITIAL (b) In the event Buyer checked “Loan” above, then ▇▇▇▇▇ Buyer is responsible to promptly apply for a (mortgage) loan and to supply his/her chosen lender all required information. (c) Buyer shall pay all loan application and origination fees, discount points, mortgage insurance, VA funding fee and other loan expenses except as may be provided for elsewhere in this Contract. (d) In the event Buyer intends to pay the balance due in cash, Buyer shall make a Proof of Funds satisfactory to Seller ▇▇▇▇▇▇ within twenty-one twenty­one days of the Reference Date. In the event said Proof proof of Funds is unsatisfactory to Seller▇▇▇▇▇▇, Seller ▇▇▇▇▇▇ shall have the right to cancel this Contract and, in that instance, return all deposits to Buyer. Buyer shall provide Proof of Cash to Seller ▇▇▇▇▇▇ in the event 5% (five percent) or more of the purchase price is to be paid in cash. (e) Buyer and ▇▇▇▇▇▇ and Seller shall share equally in the closing agent’s fee, if any. (f) All payments shall be paid in cash, electronic funds transfer, certified check, cashier's check or savings and loan teller's check (which are known as Good Funds) unless otherwise agreed to by Seller▇▇▇▇▇▇. (g) This Contract shall not be subject to an appraisal, except as provided for in Section 5(b7(h).