NEW MORTGAGE. Completion of this transaction shall be contingent upon the Buyer's ability to obtain a 48 49 Conventional Insured Conventional FHA VA Other: first 50 mortgage loan for % of purchase price, payable in not less than years, with an original rate of 51 interest not to exceed % per annum and not to exceed points. Buyer shall pay all costs of 52 obtaining financing, except
NEW MORTGAGE. Completion of this transaction shall be contingent upon the Buyer’s ability to obtain a Mortgage.
NEW MORTGAGE. You are about to make a loan in the principal amount of $ , which will be secured by a mortgage (referred to as the “new mortgage”) covering the same property as the present mortgage.
NEW MORTGAGE. The full purchase price upon execution and delivery of Warranty Deed, contingent upon Xxxxx's ability to obtain a type (year) mortgage in the amount of % of the sale price bearing interest at a rate not to exceed % per annum (rate at time of loan application), on or before the date the sale is to be closed. Xxxxx agrees to apply for a mortgage loan, and pay all fees and costs customarily charged by Xxxxx's lender to process the application, within days after the Effective Date, not to impair the Buyers' credit after the date hereof, and to accept such loan if offered. Should any part of the new mortgage be FHA/VA insured, (check one) Seller Buyer, will agree to pay an amount not to exceed $ , representing repairs required as a condition of financing. Exceptions: 🞏 SELLER FINANCING (check one). �� Land Contract 🞏 Purchase Money Mortgage In the case of seller financing, Xxxxx agrees to provide Seller with a credit report within 72 hours after the Effective Date. If the credit report is unacceptable to the Seller, the Seller shall have the right to terminate this offer within 48 hours of Seller's receipt, or if Buyer fails to provide said credit report to Seller within the time frame allotted, the Seller shall have the right to terminate this offer within 48 hours. Xxxxxx is advised to seek professional advice regarding the credit report. $ upon execution and delivery of form, a copy of which is attached, wherein the balance of $ will be payable in monthly installments of $ or more including interest at % annum, interest to start on date of closing, and first payment to become due thirty (30) days after date of closing. The entire unpaid balance will become due and payable months after closing. Exceptions:
NEW MORTGAGE. ❑ (CONV) ❑ (FHA) ❑ (VA) ❑ (Other) _. This Purchase Agreement is contingent upon the BUYERS obtaining a written commitment for a first real estate mortgage for % of the purchase price with interest on the promissory note secured thereby of not more than % amortized over a term of not less than _____ years. BUYERS agree to pay all customary loan costs. BUYERS agree upon acceptance of this offer to make application within three (3) business days for such mortgage with a commercial mortgage lender and to exercise good faith efforts to obtain a mortgage commitment as above provided. Upon receiving written loan commitment, (supported by the lender's required appraisal), BUYERS shall release this contingency in writing. If BUYERS have not delivered a written financing contingency release containing the above terms, or terms acceptable to SELLERS on or before , 20 , at (❑A.M. ❑P.M.) either SELLERS or BUYERS may declare this Purchase Agreement null and void and all payments made hereunder shall be returned. BUYERS shall pay the balance of the purchase price at the time of the closing by combination of BUYERS' personal funds and the net mortgage proceeds. ❑ BUYERS have credit approval from (lender), _ (loan officer) subject to the terms and conditions of the attached approval letter. Copy of Approval is attached.
NEW MORTGAGE. This agreement is contingent upon the Buyers obtaining a Conventional, FHA, VA, or other (circle one) Loan. Application to be made within working days from acceptance of this Agreement at (Lender). Mortgage not to exceed $ (Loan Amount) with note interest at %. Buyer to pay the balance of the purchase price in cash at closing. If Buyer has not obtained a written commitment on or before , the Seller has the right to declare this offer is null and void.
NEW MORTGAGE. The mortgage loan financed in connection with a MCC Certificate is required to be a new mortgage and may not replace a prior mortgage on the home (whether or not previously repaid).
NEW MORTGAGE. Completion of this transaction shall be contingent upon the Buyer's ability to obtain a Conventional Insured Conventional FHA VA Other: first mortgage loan for % of purchase price, payable in not less than years, with an original rate of interest not to exceed % per annum and not to exceed points. Buyer shall pay all costs of obtaining financing, except . Any inspections and charges which are required to be made and charged to Buyer or Seller by the lender, FHA, VA, or mortgage insurer, shall be made and charged in accordance with their prevailing rules or regulations and shall supersede any provisions of this Agreement. ASSUMPTION: (Attach Financing Addendum) CONDITIONAL SALES CONTRACT: (Attach Financing Addendum) OTHER METHOD OF PAYMENT: (Attach Financing Addendum) 83 F. TIME FOR OBTAINING FINANCING: Buyer agrees to make written application for any financing necessary, 84 including an appraisal, to complete this transaction or for approval to assume the unpaid balance of the 85 existing mortgage within 5 days after the acceptance of this Agreement and to make a diligent effort to 86 meet the lender's requirements and to obtain financing in cooperation with the Broker and Seller. No more than 87 45 days after acceptance of the Agreement shall be allowed for obtaining loan approval or mortgage assumption 88 approval. If an approval is not obtained within the time specified above, this Agreement may terminate unless an 89 extension of time for this purpose is mutually agreed to in writing. 90 91 G. CLOSING: 92 1. 93 94 95 96 97 98
NEW MORTGAGE. The full purchase price upon the execution and delivery of a Warranty Deed, contingent upon Xxxxx’s ability to obtain a mortgage. Should any part of the new mortgage be FHA/VA insured, Seller Buyer will agree to pay an amount not to exceed $ , representing repairs required as a condition of financing.
NEW MORTGAGE. No part of the Mortgage loan proceeds will be used to refinance or replace an existing mortgage or other owner financing of the Borrower(s), except that all or any part of the Mortgage loan proceeds may be used to pay, replace either (a) a construction loan which I received or (b) a bridge or similar temporary initial financing which had a term of twenty-four months or less. I understand that conditional land sale contracts or a lease with an option to purchase or any other form of owner financing are considered existing loans or mortgages for the purpose of this section, and such instruments are not eligible for financing.
