To submit the completed FHA/VA Loan Addendum form, confirm all required information, signatures, and dates are filled in. Scan and email the document to your real estate agent or loan officer, or submit it via the online submission portal if available. Some institutions may require a faxed copy or mailed original; check with your agent for specific submission instructions. Always retain a copy for your records. It is advisable to scan and keep an electronic copy in case the physical form is misplaced.

The FHA/VA Loan Addendum must be submitted timely during the real estate transaction process to ensure compliance with FHA/VA loan requirements. Check specific deadlines in your REPC.

The purpose of the FHA/VA Loan Addendum form is to outline additional terms and conditions specific to real estate transactions financed through FHA or VA loans. This addendum ensures that both buyers and sellers understand their obligations regarding property appraisals, repairs, and loan cost contributions. By including this addendum in the real estate purchase contract, buyers and sellers can address specific loan requirements and contingencies. For example, it clarifies that buyers are not obligated to purchase the property if the appraisal values are lower than the purchase price. Additionally, it requires the seller to make necessary repairs and provide pest control reports if applicable. Ultimately, the FHA/VA Loan Addendum form provides transparency and protection for all parties involved in FHA/VA loan transactions.

• 1. Buyer and Seller Information: Enter the full names of the buyer and seller, along with the property address.
• 2. Occupancy Intention: Indicate whether the buyer intends to occupy the property as their residence.
• 3. Appraisal Requirements: Specify conditions under which the buyer is not obligated to purchase the property based on appraisal values.
• 4. Required Repairs: Detail the appraisal-required repairs the seller must make and the cost limit for these repairs.
• 5. Pest Control Report: Determine if a pest control report is required and outline obligations for termite eradication and repair.
• 6. Loan Costs Contribution: Indicate whether the seller will contribute to loan and closing costs, and specify the contribution amount if applicable.
• 7. FHA Certification: Certify the terms of the REPC if applying for an FHA loan.
• 8. Legal Consistency: State that any inconsistencies with current FHA/VA laws will be governed by those laws.
• 9. Acceptance Terms: Include the deadline for acceptance of the addendum's terms and provide areas for signatures and dates.
• 10. Counteroffers or Rejections: Record whether the terms are accepted, counteroffer terms are presented, or the addendum is rejected.

Failure to submit the FHA/VA Loan Addendum form can result in delays or cancellation of the real estate transaction. It is important to adhere to all deadlines specified in the real estate purchase contract.

• Loan Approval Delays: Submitting the addendum late can delay loan approval and processing.
• Transaction Cancellation: Failure to submit may lead to cancellation of the real estate transaction.
• Non-compliance with REPC: Missed deadlines for the addendum can result in non-compliance with the real estate purchase contract terms.

• 1. FHA Loans: Use when financing a property purchase with an FHA loan.
• 2. VA Loans: Use when financing a property purchase with a VA loan.
• 3. Outlining Repair Obligations: Use to specify any repairs required by the appraisal and the seller's obligations.
• 4. Pest Control Reporting: Use to detail if a pest control report is necessary and outline the seller's responsibilities for termite control.
• 5. Loan Cost Contributions: Use to specify if the seller will contribute to loan and closing costs.