Hey everyone, I want to show you really quickly how to do the FHA financing addendum. It is the most commonly used financing addendum. Just remember, if your contract that you're representing a buyer on is not a cash deal, it must have a financing addendum. So, attach it to every single offer that you submit, unless it's a cash offer. Now, you need to figure out whether your purchaser is obtaining an FHA, a VA, or a conventional loan. You can always ask the loan officer or look at the loan officer's lender letter. Once you're ready to put this together, you can go to our Move for Free Realtor Info website and click on the resources button. If you are a member of NVAR, you will have access to your own internet account and the incident forms. If you are not a member of NVAR, you need to call me and I will give you the username and password. Scroll down to the Northern Virginia Association of Realtors and log in with your username and password. Alternatively, you can call me and get the username and password that I have. When putting in an offer, it's best to start a new transaction. However, in this case, I'm just going to show you the FHA financing form. Remember, this would apply if your client is obtaining an FHA loan. You'll see the FHA financing addendum, and I'm going to create a new form. Let's take a look at this. Alright, the first thing we're going to do here is put today's date. Then, we're going to fill in the contract date and time, which is the same day. Next, we'll fill in the buyer's name (Buyer A) and the seller's name (Seller B). The property address is 123 Main...
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Trec third party financing addendum 2023 Form: What You Should Know
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