This form should always be used when purchasing a home utilizing your eligibility for a VA Home Loan. Get this form executed upfront as part of the Real Estate Purchase Contract (REPC) by both the Seller(s) and the Buyer(s) when you make the offer. This form will protect the Buyer(s) and is required by lenders and will save you time and frustration. You can also click on the title of the document below to print off a blank pdf form.

VA – AMENDMENT TO CONTRACT

Property Address: _____________________________ File No.: _____________________

_____________________________

It is expressly agreed that notwithstanding any other provisions of this contract, the purchaser shall not incur any penalty by forfeiture of earnest money or otherwise or be obligated to complete the purchase of the property herein, if the contract purchase or the cost exceeds the reasonable value of the property established by the Veterans Administration. The purchaser shall, however, have the privilege and option of proceeding with the consummation of this contract without regard to the amount of the reasonable value established by the Veterans Administration.

Purchaser: ________________________________ Date: ________________________

Purchaser: ________________________________ Date: ________________________

Seller: ___________________________________  Date: ________________________

Seller: ___________________________________  Date: ________________________

The purchase agreement must include, or is amended to include, the above statement if the purchase agreement was signed by the Veteran/Applicant prior to his receiving notice of the reasonable value of the subject property.