What is the purpose of the FHA/VA Financing Addendum (Form 2A4-T)?

FHA and VA loans are mortgage loans that are insured by the Federal Housing Administration and the US Department of Veterans Affairs, respectively.

The real estate sales contract of a purchaser who intends to seek FHA or VA financing in connection with their purchase must include, or be amended to include, an “amendatory clause” or “escape clause,” the wording of which is prescribed by FHA and VA regulation.