Financing Supplemental Agreement To The Contract Of Sale Of Real Estate Page 2
Download a blank fillable Financing Supplemental Agreement To The Contract Of Sale Of Real Estate in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Financing Supplemental Agreement To The Contract Of Sale Of Real Estate with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
23. BUYER’S FHA DOWN PAYMENT AND LOAN COSTS.
A. In addition to any other costs required by the Contract, except as provided in part B of this paragraph, Buyer
shall pay at the time of Closing:
1) Down payment (per FHA minimum investment requirements).
2) FHA “allowable” closing costs in connection with the loan.
3) Origination fee, if applicable.
4) Prepaid first year’s hazard insurance premium and flood insurance premium, if required.
5) Prepaid tax and insurance escrow deposits as required by Lender.
6) Prepaid interest beginning the day of Closing through the end of the month.
B. Regarding the Buyer’s Loan Costs Referenced above, Seller agrees to pay at time of Closing, on behalf of the
Buyer:
1) Loan costs that FHA will NOT allow Buyer to pay in an amount not to exceed $____________________________.
2) In addition, seller agrees to pay, on behalf of Buyer, loan discount points and FHA closing costs, which include
prepaids, escrows, origination fees and other FHA “allowables” not to exceed $____________________________.
C. In the event that Seller agrees to pay the Buyer’s prepaid expenses and/or escrows, and Seller’s current year’s
portion of the real estate ad valorem taxes are included in the total prepaid expenses on the settlement statement,
then such taxes shall not also be paid by Seller as prorated in the Taxes, Assessments and Proration Paragraph of the
Contract.
4. SELLER SHALL MEET ALL FHA APPRAISAL REQUIREMENTS. provided, that if the total estimated costs to the Seller
exceeds $____________________ then Buyer and Seller shall have five (5) days from being so advised to agree on an
acceptable arrangement regarding those costs in excess of the stated amount. If a written agreement is not reached within
the time specified in this provision, this contract is null and void and earnest money will be returned to the Buyer.
5. ADDITIONAL PROVISIONS. �����������������������������������������������������������������������
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
Buyer’s Initials ����������� ����������
Seller’s Initials ����������� ����������
(In the event of a counteroffer on an OREC
counteroffer form, Seller(s) does not initial)
FHA REAL ESTATE CERTIFICATION
(To be signed by Buyer and Seller even if counteroffer is attached)
We, the undersigned Seller(s), Buyer(s) and Listing and Selling Real Estate Sales Associate(s) or Broker(s) involved in the
sale transaction, each certify that the terms and conditions of the Sale of Real Estate Contract are, to the best of our knowl-
edge, the entire agreement between the parties and that any other agreement(s), Counteroffers or addendum(s) entered into
by any of these parties in connection with this real estate transaction is a part of, or attached to, the Contract of Sale of Real
Estate.
Buyer: ____________________________Date _________ Seller: _______________________________Date __________
Buyer: ____________________________Date _________ Seller: _______________________________Date __________
Selling Broker ______________________Date _________ Listing Broker _________________________Date __________
N
: B
,
,
l
-b
p
/h
d
.
ote
uyer is eNcouraged to obtaiN a home iNspectioN aNd
if applicable
a
ead
ased
aiNt
azard
isclosure
This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission.
OREC FHA LOAN (11-2010)
Page 2 of 2
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Legal