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11072022Page 2 of 2PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREE)THIRD PARTY FINANCING ADDENDUMEQUAL HOUSING OPPORTUNITY TO CONTRACT CONCERNING THE PROPERTY AT(Street Address and City)1. TYPE

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What is third party financing addendum?

A third party financing addendum is a document used in real estate transactions that outlines the financial terms and conditions under which a buyer will seek financing from a separate entity other than the seller.

Who is required to file third party financing addendum?

Typically, the buyer is required to file the third party financing addendum when they are obtaining financing from a third party to purchase the property.

How to fill out third party financing addendum?

To fill out a third party financing addendum, provide details about the loan amount, interest rate, type of financing, any contingencies, and the lender's information. It's advisable to consult a real estate professional for accurate completion.

What is the purpose of third party financing addendum?

The purpose of a third party financing addendum is to specify the details of the financing agreement, protect the buyer's interests, and ensure that the seller is aware of and agrees to the financing terms.

What information must be reported on third party financing addendum?

The information that must be reported includes the loan amount, type of financing (conventional, FHA, etc.), interest rate, down payment amount, and any specific terms or conditions related to the financing.

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