Get Third Party Financing Addendum

The Third Party Financing Addendum is an essential document for buyers seeking financing for a property. This guide will provide clear, step-by-step instructions on how to complete this form online, ensuring you understand each section and its requirements.

Follow the steps to complete your Third Party Financing Addendum online.

1. Press the 'Get Form' button to access the Third Party Financing Addendum and open it in your preferred editor.
2. Begin by filling in the property address in the designated field. Ensure accuracy, as this is crucial for the contract.
3. In section A, select the type of financing you plan to pursue. Check the applicable boxes for conventional financing, Texas veterans loan, FHA, VA, USDA, or reverse mortgage options.
4. For conventional financing, provide the principal amounts, interest rates, and any origination charges as required for both first and second mortgage loans.
5. If applicable, enter details for Texas veterans loan, FHA, VA, or USDA financing, including amounts and terms. Make sure all figures are correctly entered.
6. Move to section B to indicate whether buyer approval is required. If it is, specify the time frame in which the buyer must provide notice if buyer approval cannot be obtained.
7. Complete section C regarding security, confirming that notes for the financing will be secured by vendor's and deed of trust liens.
8. If FHA or VA financing is involved, review section D and fill in any necessary information related to appraised value and requirements as specified.
9. In section E, grant authorization for the lender to release financing approval status to both parties.
10. Once all sections are completed, review the document for accuracy before proceeding to save your changes, download, print, or share the completed form.

Start filling out your Third Party Financing Addendum online today to ensure a smooth financing process.