Financing Addendum Purchase Agreement is subject to a Purchase Agreement is subject to a Conventional (Traditional) LoanFHA LoanReverse Mortgage LoanUSDA LoanVA LoanOther Pre-Qualification Letter Does the Buyer have a Pre-Qualification Letter? Does the Buyer have a Pre-Qualification Letter? YesNo Also known as a "Pre-Approval Letter" from the Lender that states the Buyer has been pre-approved for the loan. The Property Type of Property Type of Property CommercialResidential Property Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Purchase Agreement Date Date of the Purchase Agreement that will be/was signed between the Buyer and Seller. Financing Terms How much needs to be Borrowed? $ Otherwise known as the Principal Loan Term Interval Interval Month(s)Year(s) Interest Rate Maximum Interest Rate % per annum The Maximum Interest Rate (%) for The Maximum Interest Rate (%) for an Initial Periodthe Entire Term For the Initial Period of Interval Interval Month(s)Year(s) Origination Charges Do you want to enter a Maximum Amount for the Origination Charges? Do you want to enter a Maximum Amount for the Origination Charges? YesNo An Origination Charge, or "Origination Fee", is a charge that is made to a new applicant for generating the loan. Maximum Origination Fee (%) % This is usually 0.5% to 1% of the total loan amount. Conventional Loan This Conventional Loan is for a This Conventional Loan is for a First (1st) MortgageSecond (2nd) Mortgage Reverse Mortgage Financing Is the Reverse Mortgage insured by the FHA? Is the Reverse Mortgage insured by the FHA? YesNo Expiration Period When is the LAST DAY the Buyer will have to obtain financing? The Buyer will be required to get financing by this Date. The Buyer What is the Buyer? What is the Buyer? a Business EntityIndividual(s) How many Individuals? Choose12345678910 Business Entity's Name Individual(s) Name(s) The Seller What is the Seller? What is the Seller? a Business EntityIndividual(s) How many Individuals? Choose12345678910 Business Entity's Name Individual(s) Name(s) Addendum Date Date of this Addendum Next Save Save and finish later