Contracts – Financial

Financial

Check out and download the forms required for your property

Cash Appraisal

Buyers may still want a professional appraisal on the property as a contingency even if they are cash buyers.

Conventional Financing

The most common loan type contingency.

FHA Financing

A government backed loan that allows buyers to have a smaller downpayment.

Gift of Funds

Used when buyers are receiving money from friends / family to aid in the purchase of their home.

Partial Waiver of Appraisal

The buyer will pay up to a certain amount if the property does not appraise for the entire purchase price.

Sale / Settlement of Other Real Estate

The buyer needs to purchase / sell other residential real estate in order for this settlement to go through.

Seller Contribution

The buyer is asking the seller to contribute to their closing costs, either as a percentage of the purchase price or as a fixed amount. This is paid at time of settlement.

Seller Financing

The seller agrees to finance the buyer's purchase of their home, at a fixed monthly payment and interest rate over a certain amount of time.

USDA Financing

A government loan used in the purchase of agricultural land to assist farming.

VA Financing

A government backed loan offered to people who have served in the military. It does not require any downpayment.