PdfConvertThird Party Financing Addendum for Credit: Fill out & sign online

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out PdfConvert Third Party Financing Addendum for Credit

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the PdfConvert Third Party Financing Addendum for Credit in our editor.
Begin by entering the property address in the designated field. This is crucial as it identifies the property related to the financing.
In the section regarding Credit Approval, provide details about your financing efforts. Specify any required documents you will furnish to the lender.
Fill in the number of days within which you will notify the seller if you cannot obtain credit approval. Ensure this aligns with your contract terms.
Complete the loan amount and adjusted origination charges as indicated. Be precise to avoid any discrepancies during processing.
Review and initial each section for identification, ensuring all parties involved have acknowledged their understanding of the terms.
Finally, sign where indicated and authorize lenders to share information regarding your credit approval status with relevant parties.

Start using our platform today to fill out your PdfConvert Third Party Financing Addendum for Credit easily and for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Contact us

What is a 3rd party financing addendum?

Paragraph B(2) of the Third Party Financing Addendum allows a buyer to terminate the contract before closing and receive the earnest money if the property fails to satisfy the lenders underwriting requirements, like if the appraisal is too low for the lenders comfort.

What is an example of a financing addendum?

The answer is the contract will terminate and the buyer will get the earnest money. The buyer must give notice that the buyer has not received approval within a certain number of days negotiated by the parties.

What does third party financing mean?

Heres a nice basic addendum: The seller will finance the sum of $80,000 at 5% per annum. The loan will be secured by a first mortgage on the subject property. Monthly payments will be amortized over a 30-year term with a balloon payment of all principal and interest due 5 years from loan inception.

What is the third party financing addendum?

A third party financing addendum is a document that adds additional requirements to a residential purchase agreement for the buyer to obtain financing before closing. The addendum will describe the type of financing and repayment schedule the buyer needs to obtain to close the sale.