FHA/VA Amendatory Clause and Certifications
Check one: FHA Amendatory Clause VA Amendatory Clause
This agreement is entered into by (Seller)
and by (Buyer)
and is intended to amend and supplement that Contract entitled _________________________________ (Contract)
entered into on the ________day of _________________________, _________ herein consideration is stated as
$ ______________________ (Purchase Price), for that property commonly known as:
(Property Address)
and which is more fully described in the Contract.
It is expressly agreed that notwithstanding any other provisions of this contract, the purchaser shall not be obligated
to complete the purchase of the property described herein or to incur any penalty by forfeiture of earnest money
deposits or otherwise unless the purchaser has been given in accordance with HUD/FHA or VA requirements a
written statement by the Federal Housing Commissioner or Direct Endorsement Lender/Department of Veterans
Affairs or the LAPP underwriter setting forth the appraised value of the property (excluding closing costs) of not
less than $______________________. The purchaser shall have the privilege and option of proceeding with the
consummation of the contract without regard to the amount of the appraised valuation. The appraised valuation is
arrived at to determine the maximum mortgage the Department of Housing and Urban
Development/Department of Veterans Affairs will insure/guarantee. HUD/Department of Veterans Affairs
and the mortgagee does not warrant the value nor the condition of the property. The purchaser should
satisfy himself/herself that the price and condition of the property are acceptable.
FHA Direct Endorsement/VA Automatic Underwriting
The subject loan may be processed under FHA Direct Endorsement Underwriting or VA Automatic Underwriting.
In the event such underwriting is utilized the Seller herein acknowledges that an underwriting fee may be charged
to the Seller by the respective lender, in which event the Seller herein agrees to pay said underwriting fee.
Certification of Borrower, Seller, Agent
We the undersigned seller(s), borrower(s) and real estate agent(s)/broker(s) involved in this loan transaction do
certify that the terms of the sales contract are true to the best of our knowledge and belief. All agreements entered
into by any of the following parties are fully disclosed and attached to the sales contract.
________________________________________ ________________________________________
Borrower Date Borrower Date
________________________________________ ________________________________________
Borrower Date Borrower Date
________________________________________ ________________________________________
Seller Date Seller Date
________________________________________ ________________________________________
Real Estate Agent/Broker Date Real Estate Agent/Broker Date
Warning: It is a crime to knowingly make false statements to the United States on this or any other similar form.
Penalties upon conviction can include a fine and imprisonment. For details see: Title 18 U.S. Code Section 1001
and Section 1010. This form is required by HUD Handbook 4155.1 Rev-4 paragraph 1-22 for Sales Agreements
intended to be financed by an FHA-Insured Mortgage and by VA Lender’s Handbook Section 36.4303(j) for Sales
Agreements intended to be financed by a VA-guaranteed Mortgage.
