January 18, 2022

U.S. Veterans

U.S.A Veterans News, Support & Information

A Closer Look at the VA Amendment to Contract

1 min read

Contracts to purchase homes often come with appraisal contingencies. These protect would-be buyers in the event the VA appraisal determines the home is worth less than what they agreed to pay. VA loans feature their own unique appraisal contingency known as the VA Amendment to Contract. This key document must be signed by both buyer and seller.

Time Stamps
0:20 – Purpose of Amendment to Contract
0:32 – Earnest Money
0:56 – Real World Example
1:56 – Purchasing Distressed Property

Learn more about the VA Amendment to Contract: https://www.veteransunited.com/education/library/va-amendment-to-contract/

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#VALoans #AppraisalContingency

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