(1) A first mortgage loan in the principal amount of $ Number (excluding any financed PMI premium), due in full in year(s), with interest not to exceed Number % per annum for the first Numberyear(s) of the loan with Origination Charges as shown on Buyer's Loan Estimate for the loan not to exceedNumber*% of the loan.
(2) A second mortgage loan in the principal amount of $ (excluding any financed PMI premium), due in full in year(s), with interest not to exceed Number % per annum for the first Numberyear(s) of the loan with Origination Charges as shown on Buyer's Loan Estimate for the loan not to exceedNumber*% of the loan.
Texas Veterans Loan:
A loan(s) from the Texas Veterans Land Board of $ Number* for a period in the total amount of *years at the interest rateestablished by the Texas Veterans Land Board.
FHA Insured Financing:
A Section FHA insured loan of not less than $ (excluding any financed MIP), amortizable monthly for not less thanNumber years, with interest not to exceedNumber% per annum for the firstNumber*year(s) of the loan with Origination Charges as shown on Buyer's Loan Estimate for the loan not to exceed % of the loan.
VA Guaranteed Financing:
A VA guaranteed loan of not less than $ (excluding any financed Funding Fee), amortizable monthly for not less than year(s), with interest not to exceedNumber % per annum for the first Numberyear(s) of the loan with Origination Charges as shown on Buyer's Loan Estimate for the loan not to exceedNumber*% of the loan.
USDA Guaranteed Financing:
A USDA-guaranteed loan of not less than $ (excluding any financed Funding Fee), amortizable monthly for not less than years, with interest not to exceedNumber % per annum for the first Numberyear(s) of the loan with Origination Charges as shown on Buyer's Loan Estimate for the loan not to exceedNumber*% of the loan.
Reverse Mortgage Financing:
A reverse mortgage loan (also known as a Home Equity Conversion Mortgage loan) in the original principal amount of $Number (excluding any financed PMI premium or other costs), with interest not to exceed % per annum for the first Numberyear(s) of the loan with Origination Charges as shown on Buyer's Loan Estimate for the loan not to exceedNumber*% of the loan. The reverse mortgage loan will will not be an FHA insured loan.
(1) Delivery of Residential Leases: (Check one box only) (a) Buyer has received a copy of all Residential Leases. (b) Buyer has not received a copy of all Residential Leases. Seller shall provide a copy of the Residential Leases within 3 days after the Effective Date. Buyer may terminate the contract within the days
A1
Within days after the effective date of the contract, Seller shall obtain, pay for, and deliver the Subdivision Information to the Buyer. If Seller delivers the Subdivision Information, Buyer may terminate the contract within 3 days after Buyer receives the Subdivision Information or prior to closing, whichever occurs first, and the earnest money will be refunded to Buyer. If Buyer does not receive the SubdivisionInformation, Buyer, as Buyer’s sole remedy, may terminate the contract at any time prior to closing and the earnest money will be refunded to Buyer.
A2
Within days after the effective date of the contract, Buyer shall obtain, pay for, and deliver a copy of the Subdivision Information to the Seller. If Buyer obtains the Subdivision Information within the time required, Buyer may terminate the contract within 3 days after Buyer receives the Subdivision Information or prior to closing, whichever occurs first, and the earnest money will be refunded to Buyer. If Buyer, due to factors beyond Buyer’s control, is not able to obtain the Subdivision Information within the time required, Buyer may, as Buyer’s sole remedy, terminate the contract within 3 days after the time required or prior to closing, whichever occurs first, and the earnest money will be refunded to Buyer.
A3
Buyer has received and approved the Subdivision Information before signing the contract. Buyer Type option 1 Type option 2require an updated resale certificate. If Buyer requires an updated resale certificate, Seller, at Buyer’s expense, shall deliver it to Buyer within 10 days after receiving payment for the updated resale certificate from Buyer. Buyer may terminate this contract and the earnest money will be refunded to Buyer if Seller fails to deliver the updated resale certificate within the time required.