Common use of Bank Financing Clause in Contracts

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ – Conventional Loan ☐ – FHA Loan (Attach Required Addendums) ☐ – VA Loan (Attach Required Addendums) ☐ – Other: [OTHER] a.) On or before [DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; ☐ – Seller Financing. Xxxxxx agrees to provide financing to the Buyer under the following terms and conditions: a.) Loan Amount: $[AMOUNT] b.) Down Payment: $[AMOUNT] c.) Interest Rate (per annum): [#]% d.) Term: [#] ☐ Months ☐ Years VI. SALE OF ANOTHER PROPERTY.

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ – Conventional Loan ☐ – FHA Loan (Attach Required Addendums) ☐ – VA Loan (Attach Required Addendums) ☐ – Other: [OTHER] a.) On or before [DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; ☐ – Seller Financing. Xxxxxx agrees to provide financing to the Buyer under the following terms and conditions: a.) Loan Amount: $[AMOUNT] b.) Down Payment: $[AMOUNT] c.) Interest Rate (per annum): [#]% d.) Term: [#] ☐ Months ☐ Years VI. SALE OF ANOTHER PROPERTY.. Buyer’s performance under this Agreement: (check one) ☐ – Shall not be contingent upon selling another property. ☐

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ – Conventional Loan ☐ – FHA Loan (Attach Required Addendums) ☐ – VA Loan (Attach Required Addendums) ☐ – Other: [OTHER] a.) On or before [DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; ☐ – Seller Financing. Xxxxxx agrees to provide financing to the Buyer under the following terms and conditions: a.) Loan Amount: $[AMOUNT] b.) Down Payment: $[AMOUNT] c.) Interest Rate (per annum): [#]% d.) Term: [#] ☐ Months ☐ Years VI. SALE OF ANOTHER PROPERTY.

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ – Conventional Loan ☐ – FHA Loan (Attach Required Addendums) ☐ – VA Loan (Attach Required Addendums) ☐ – Other: [OTHER] a.) On or before [DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; ☐ – Seller Financing. Xxxxxx agrees to provide financing to the Buyer under the following terms and conditions: a.) Loan Amount: $[AMOUNT] b.) Down Payment: $[AMOUNT] c.) Interest Rate (per annum): [#]% d.) Term: [#] ☐ Months ☐ Years VI. SALE OF ANOTHER PROPERTY. Buyer’s performance under this Agreement: (check one) ☐ – Shall not be contingent upon selling another property.