Fillable Request to Change Financing Type (BLB Resources, Inc.)

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Request to Change Financing Type (BLB Resources, Inc.)

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This section for BLB Resources, Inc. use only
BLB Resources Approval by: ________________________ Date:______________
Approved Denied
3P – Rev. 2-8-17 All previous versions are obsolete.
© BLB Resources, Inc. 2016-2017 All rights reserved.
3P: CT, ME, MA, NH, NJ, NY, RI, VT
Request to Change Financing Type
Please note: Completed form and documentation should be submitted via fax to (248) 301-6647 or email to
3Paddenda@blbresources.com. It will be processed as soon as possible upon receipt.
FHA Case Number _____________________________________________________________________
Property Address (include city, state, zip) ____________________________________________________
_____________________________________________________________________________________
Purchaser(s) __________________________________________________________________________
Selling Agent ____________________________ Agent Phone _____________________________
Please note: Proper documentation must be supplied to support the financing type requested, i.e. a new
lender approval letter for the new financing type, or proof of funds for cash. Also, if changing to FHA 203(b)
repair escrow (or increasing the escrow amount), repair bids supporting the requested escrow amount must
be submitted along with the lender approval letter.
Current Financing Type
FHA 203(b) FHA 203(k) Conventional/Cash/USDA/VA/Hard Money
FHA 203(b) repair escrow in the amount of __________________________
Requested Financing Type
FHA 203(b) FHA 203(k) Conventional/Cash/USDA/VA/Hard Money
FHA 203(b) repair escrow in the amount of __________________________ (Note: Only Minimum
Property Requirements [MPR] repairs may be included, the estimated amount of all MPR repairs
must be $10,000 or less, and the total amount entered on this line must be 110% of the total
estimated repair amount. To calculate the correct amount for this line, first add up all MPR repairs,
multiply that total by 10%, and add the resulting amount to the total MPR repairs)
Please be advised that if: 1) a contract is ratified with FHA financing, 2) a Termite Inspection and/or Lead-
Based Paint (LBP) testing/stabilization is completed, and 3) financing is changed to non-FHA financing,
then the buyer will be responsible for reimbursing any and all costs of the Termite Inspection
(including any treatments and clearance) and/or LBP testing (including any stabilization).
_________________________________________________ ____________________
Purchaser Signature (Required) Date
_________________________________________________ ____________________
Purchaser Signature (Required) Date
_________________________________________________ ____________________
Selling Agent Signature (Required) Date
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Request to Change Financing Type (BLB Resources, Inc.)

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Completed 9 February 2021

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