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The Example Offer to Purchase document below outlines the key terms of your proposal to purchase a property including price, financing and escrow terms and other conditions. The Offer to Purchase also outlines who pays for certain closing costs, fees and taxes as well as specified inspection reports. If the seller agrees to the terms of the Offer the Purchase, your offer is accepted, you open an escrow account and start the closing process. If the seller does not agree to the terms of the Offer to Purchase they may offer a counter proposal or reject the offer outright. The Offer to Purchase document is important because not only does it outline the purchase price but also the sources of the buyer's financing including the mortgage and down payment. Please note that this is an example Offer to Purchase that should be used for informational purposes only.
Loan terms assume conforming mortgage amount, 80% LTV ratio and minimum borrower credit score of 740. Purchases and rate and term refinances only. $150,000 minimum mortgage amount. Borrower is responsible for $995 lender fee. Loan terms are subject to change without notice.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.