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The purchaser shall however have the privilege and option of proceeding with the consummation of the contract without regard to the amount of the appraised valuation. The appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will insure. I CERTIFY I HAVE READ UNDERSTAND THE ABOVE STATEMENTS BUYER/BORROWER DATE BUYER/CO-BORROWER DATE Entity Buyer/Borrower Name of LLC/Corporation/Partnership/Trust/etc. By Date Name Title SELLING FIRM...
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What is fhava financing addendum?
The FHAVA financing addendum is a form used in real estate transactions where financing is being obtained through a Federal Housing Administration (FHA) or Department of Veterans Affairs (VA) loan.
Who is required to file fhava financing addendum?
The fhava financing addendum is typically required to be filled out by the buyer and seller in a real estate transaction where FHA or VA financing is involved.
How to fill out fhava financing addendum?
The fhava financing addendum can be filled out with the assistance of a real estate agent or broker, and all relevant information regarding the financing terms should be accurately documented.
What is the purpose of fhava financing addendum?
The purpose of the fhava financing addendum is to outline the specific details of the FHA or VA loan being used to finance the real estate transaction.
What information must be reported on fhava financing addendum?
The fhava financing addendum typically includes information such as loan amount, interest rate, loan terms, and any additional fees or costs associated with the loan.
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