Common use of Significantly Clause in Contracts

Significantly. a buyer may not replace the lender or the loan program identified in their Pre-Approval Letter (e.g. conventional, DVA, FHA, USDA loan programs) without seller’s consent; and (f) Lastly, the Sale Agreement also contains a provision stating that the source of buyer’s funds (i.e. for ▇▇▇▇▇▇▇ money, and down payment) are not contingent, unless disclosed in the document. This means that if the buyer is obtaining any funds from third-party sources (e.g. relatives, or withdrawals from IRAs, 401-Ks, 529s, or proceeds from another closing, etc.), it must be disclosed in the Sale Agreement.

Significantly. a buyer may not replace the lender or the loan program identified in their Pre-Approval Letter (e.g. conventional, DVA, FHA, USDA loan programs) without seller’s consent; and (f) Lastly, the Sale Agreement also contains a provision stating that the source of buyer’s funds (i.e. for ▇▇▇▇▇▇▇ money, and down paymentdownpayment) are not contingent, unless disclosed in the document. This means that if the buyer is obtaining any funds from third-party sources (e.g. relatives, or withdrawals from IRAs, 401-Ks, 529s, or proceeds from another closing, etc.), it must be disclosed in the Sale Agreement.