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Fha purchase agreement addendum rocket mortgage

Fha addendum to sales contract pdf 2025

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The document is a VA/FHA Loan Addendum that modifies the terms of a Purchase and Sale Agreement between a Buyer and Seller for a property located at 141 Claybrook Ln, Cane Ridge, TN. It outlines conditions related to appraised value, property condition, home inspection requirements, funding fees, new construction warranties, public utility connections, wood infestation compliance, and non-allowable closing costs. The addendum emphasizes the importance of adhering to HUD/FHA or VA guidelines and certifies that all parties acknowledge the terms.

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What is the general addendum to a contract of sale?

How to Create an Addendum to a Real Estate Contract Step 1 Review the Original Purchase Agreement. Step 2 Define the Desired Additions or Changes. Step 3 Draft the Addendum. Step 4 Obtain Both Parties Signatures. Step 5 Attach the Addendum to the Original Purchase Agreement. Step 6 Distribute Copies.

What is the FHA addendum to the sales contract?

Addendums can override parts of the original contract and expand on others. Instead of scratching out and handwriting over certain parts of the contract, addendums are drafted and signed to prove both buyer and seller agree. This includes: Modifying the purchase price, closing date, and financing terms.

How to write an addendum to a real estate contract?

In summary, the Sales Contract Financing Addendum is a crucial part of real estate transactions involving financing, ensuring that all parties are aware of the terms and conditions surrounding the buyers ability to secure funds for the purchase.

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