Common use of Third Party Financing Clause in Contracts

Third Party Financing. (1) This contract is subject to approval for Buyer of a third party first mortgage loan having a loan-to-value ratio not to exceed % as established by such third party (excluding any financed PMI premium), due in full in year(s), with interest not to exceed % per annum for the first year(s) of the loan. The loan will be ❑ with ❑ without PMI. (2) This contract is subject to approval for Buyer of a third party second mortgage loan having a loan-to-value ratio not to exceed % as established by such third party (excluding any financed PMI premium), due in full in year(s), with interest not to exceed % per annum for the first year(s) of the loan. The loan will be ❑ with ❑ without PMI. ❑ B. TEXAS VETERANS' HOUSING ASSISTANCE PROGRAM LOAN: This contract is subject to approval for Buyer of a Texas Veterans' Housing Assistance Program Loan (the Program Loan) of $ for a period of at least years at the interest rate established by the Texas Veterans' Land Board at the time of closing.

Third Party Financing. (1) This contract is subject to approval for Buyer of a third party first mortgage loan having a loan-to-value ratio not to exceed % as established by such third party (excluding any financed PMI premium), due in full in year(s), with interest not to exceed % per annum for the first without PMI. year(s) of the loan. The loan will be ❑ with ❑ without PMI.❑ (2) This contract is subject to approval for Buyer of a third party second mortgage loan having a loan-to-value ratio not to exceed % as established by such third party (excluding any financed PMI premium), due in full in year(s), with interest not to exceed % per annum for the first year(s) of the loan. The loan will be ❑ with ❑ without PMI. ❑ B. TEXAS VETERANS' HOUSING ASSISTANCE PROGRAM LOAN: This contract is subject to approval for Buyer of a Texas Veterans' Housing Assistance Program Loan (the Program Loan) of $ for a period of at least years at the interest rate established by the Texas Veterans' Land Board at the time of closing.