Get the free FHAVA Mortgage Addendum - FINAL-CLEAN Forms Comm 12-28-2 - toledobar
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FHA OR VA MORTGAGE ADDENDUM To be used in conjunction with the Residential Real Estate Purchase Agreement approved by the Toledo Board of REALTORS and the Toledo Bar Association, who have also approved
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How to fill out fhava mortgage addendum
How to Fill Out FHAVA Mortgage Addendum:
01
Start by obtaining the FHAVA mortgage addendum form. This form is typically provided by your lender or can be found on the official website of the Federal Housing Administration (FHA).
02
Fill out the borrower's name, address, and contact information in the appropriate sections of the form. Ensure that all information provided is accurate and up-to-date.
03
Provide the relevant loan information, including the FHA case number, loan amount, and loan term. This information is crucial for the proper identification and processing of the addendum.
04
Indicate the specific changes you wish to make or the additional terms you want to include in the addendum. Common reasons for needing an FHAVA mortgage addendum include requesting an extension of the closing date or including specific repair requirements.
05
If necessary, attach any additional documents or supporting materials that are required to clarify or support the requested changes or terms.
06
Review the completed addendum thoroughly to ensure that all information is accurate and complete. Double-check for any errors or missing information that may delay the processing of your addendum.
07
Sign and date the addendum. If there are co-borrowers involved, make sure they also sign the document. Failure to obtain all required signatures may invalidate the addendum.
08
Make copies of the completed addendum for your records and submit the original to your lender or the appropriate authority responsible for processing FHAVA mortgage addendums.
Who Needs FHAVA Mortgage Addendum:
01
Borrowers who have an existing FHA-insured mortgage and need to modify or update the terms of their loan may need an FHAVA mortgage addendum.
02
Individuals who are purchasing a home with an FHA loan and require additional terms or changes not covered in the original purchase agreement may need to fill out an FHAVA mortgage addendum.
03
Lenders or loan servicers who handle FHA loans and need to process changes or modifications to existing loans may require borrowers to submit an FHAVA mortgage addendum.
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