Get Va / Fha Loan Addendum - Fcmkc

The VA / FHA Loan Addendum is an essential document in real estate transactions involving VA and FHA loans. This guide will provide you with clear, step-by-step instructions on how to complete this addendum online, ensuring that you understand each section and its importance in the transaction process.

Follow the steps to successfully complete the VA / FHA Loan Addendum online.

1. Press the ‘Get Form’ button to access the form and open it in your chosen online editor.
2. Fill in the property address in the designated field at the top of the form.
3. Enter the buyer's name in the appropriate section to identify the individual purchasing the property.
4. Input the seller's name in the section meant for the person or entity selling the property.
5. Review the introduction section detailing the purpose of the addendum and ensure you acknowledge its contents.
6. In Section 1, provide the appraised value of the property as required, ensuring it reflects HUD/FHA or VA requirements.
7. Moving to Section 2, remember that HUD does not guarantee the property value or condition; confirm satisfaction through your own evaluations.
8. For Section 3, remember to arrange a home inspection to identify any potential issues with the property; refer to local resources for inspection services.
9. In Section 4, specify how the VA funding fee will be handled: either in full at closing or added to the loan amount. Clearly check the corresponding box.
10. Section 5 requires indicating if a home warranty certificate is needed for new constructions; ensure this aligns with VA/FHA requirements.
11. In Section 6, determine who will pay for the connection to public water or sewer systems, and fill in the respective amounts next to the options provided.
12. For Section 7, ensure that the cost of the wood-destroying insect infestation report is agreed upon as outlined.
13. In Section 8, fill out any applicable non-allowable settlement charges or closing costs that the seller will cover.
14. Finally, review all filled-out sections for accuracy and completeness. Save changes, download, print, or share the completed form as needed.

Complete your VA / FHA Loan Addendum online today to ensure a smooth real estate transaction.