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Seller Financing Addendum to Purchase Agreement

A seller financing addendum outlines the terms under which the seller of a property agrees to loan money to the buyer to purchase their property. The seller agrees to take either a first or second mortgage on the property at an agreed-upon interest rate, with payments made either every month or in a balloon payment at the end of the term.
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Third (3rd) Party Financing Addendum – If the buyer is going to be obtaining a loan through a bank or government insured source (e.g., FHA, VA, etc.).

Completion – Once complete, this addendum should be signed and attached to the purchase agreement made between the parties.