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Working With Loan Closers
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Thank you for assisting your lender, Realtor, seller and homebuyer with a Buyers Assistance closing. To help you, please use the following five steps below: |
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Send settlement wire instructions to Buyers Assistance. |
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Funding Request signed by buyer(s) and closing agent. |
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Purchase Addendum executed by buyer(s) and seller(s). |
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HUD-1 can be estimated but buyer(s) gift and seller(s) fee must be accurate. |
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Copy of Real Estate Purchase Contract signed by both parties. |
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To receive funds, the documents below are to be delivered or faxed to:
Buyers Assistance, 8022 S. Memorial Dr., Tulsa, OK 74133
FAX (918) 254-2389.
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HUD-1 to identify the gift to the borrower as "gift" and the seller's contribution as "contribution" in their perspective credit and debit columns. |
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The contribution to the Newsong Fund must equal or exceed the gift amount + $40 wire fee + $250 service fee. |
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The wire fee expense of the contribution to the Buyers Assistance must be charged to the seller. |
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Once all the completed documents have been received, a gift letter is faxed to the closer stating the borrower(s) approval status for funds. |
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Buyers Assistance will deliver to closing office an invoice for disbursement of the seller's fee in accordance with the Purchase Addendum. |
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Please FAX Wire Transfer Instruction of the seller's fee, final HUD-1, and signed Buyers Assistance documents to: (918) 254-2389 after closing. |
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If you have any closing day problems or questions regarding the Down Payment Assistance Program, please call, (918) 254-6999. |
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Please include seller's full name, new address, city, county, state and zip. |
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