Fha purchase agreement addendumFha Purchase Agreement Addendum • June 19th, 2021
Please Share According to industry sources, the FHA home loan program accounts for as many as 50% of the mortgages issued to home buyers. The reason for the popularity of the FHA mortgage is due to the low down payment, lenient credit requirements and seller paid closing cost option. The FHA program also benefits home sellers because of the favorable financing available to prospective home buyers. One of the conditions of the FHA mortgage is that the buyer, seller and real estate agents sign a form called the Amendatory Clause/Real Estate Certification Form. In many sales contracts across the United States, the FHA amendatory form is built into the sales contract. However, if the amendatory is not included within the sales contract, the parties must sign the amendatory form as an addendum to the sales contract if the buyer is obtaining an FHA (or VA) loan. FHA AMENDATORY CLAUSE It is expressly agreed that notwithstanding any other provisions of this contract, the purchaser shall not be
FHA PURCHASE AGREEMENT ADDENDUMFha Purchase Agreement Addendum • September 11th, 2023
You must read this entire document at the time you apply for the loan. Return one copy to lender as proof of notification and keep one copy for your records.
FHA PURCHASE AGREEMENT ADDENDUMFha Purchase Agreement Addendum • May 31st, 2013
