Buyer Financial Information Form – Fill Out and Use This PDF

The Buyer Financial Information form, endorsed by the Pennsylvania Association of REALTORS® (PAR), is a comprehensive document designed to assess a buyer's financial capability to purchase property. It gathers detailed financial data, including assets, liabilities, income, and real estate ownership, to ensure the buyer's ability to afford and maintain the property investment. Completing this form accurately is crucial for a smooth real estate transaction. Click the button below to fill out your Buyer Financial Information form accurately and securely.

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Buyer Financial Information Form PDF Details

Embarking on the journey to homeownership is a momentous occasion, underscored by a multitude of decisions and documents, one of which includes the Buyer Financial Information form. This detailed document, devised to gauge a buyer's financial readiness for purchasing property, holds a position of significance in the real estate transaction process, especially within the confines of the Pennsylvania Association of REALTORS® (PAR). It serves as a beacon, guiding the determination of a potential buyer’s financial capability to proceed with the purchase, asking crucial questions about occupancy intentions, past financial adversities such as bankruptcy or foreclosure, and the origins of the funds for purchase and settlement costs. Also, it delves into the intricacies of the buyer's current assets and liabilities, real estate ownership, employment information, and the combined annual income of all parties involved. The process is sealed with affirmations from the buyer regarding the truthfulness of the provided information, comprehending its use in seller decision-making and lender considerations. The sensitivity of this information is managed with strict confidentiality, only to be shared under authorized circumstances, ensuring a secure framework for both assessment and transaction progression. In essence, this form not only illuminates the financial facets necessary for homeownership but also embeds a layer of security and trust in real estate transactions.

Question	Answer
Form Name	Buyer Financial Information Form
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	buyer financial information form, buyers financial information, buyer financial information, buyers financial form

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BUYER'S FINANCIAL INFORMATION	BFI

This form recommended and approved for, but not restricted to use by, the members of the Pennsylvania Association of REALTORS® (PAR).

1 BUYER 1

2ADDRESS

4 BUYER 2

5 ADDRESS

9 The following information is requested to determine the buyer’s financial ability to purchase the property.

111. Will you occupy the premises? Yes No

122. Have you in the last 7 years declared bankruptcy, suffered foreclosure, had an account for collection action, had a history of late

13	payments, or had any legal action affecting ability to finance?	Yes	No
14	If yes, explain.
15	3. Is any part of purchase price or settlement costs being obtained from a source other than shown below?			Yes	No

16If yes, explain.

174. Have you at any time on or since January 1, 1998, been obligated to pay support under an order that is on record in any

18Pennsylvania county? Yes No

19If yes, list the county and the Domestic Relations File or Docket Number:

20 5. Are there any arrearages for alimony or child/spousal support due in this, or any other, jurisdiction?

Yes

21If yes, explain.

23For a purchase involving mortgage financing, disclose at least a minimum net worth of liquid assets in the amount of the

24down payment plus settlement costs. For cash sales, disclose at least a minimum amount equal to the purchase price plus

25settlement costs.

27	ASSETS (Bank accounts, stocks, etc.)			BUYER 1		BUYER 2
28
29			$		$
30			$		$
31			$		$
32			$		$
33			$		$
34		TOTAL $			$
35

36The information in this section must be provided if Buyer(s) require a mortgage loan.

38	LIABILITIES (list all liabilities,								BUYER 1							BUYER 2
39	including alimony or child/spousal support, if any)						Balance					Per Month			Balance			Per Month
40						$				$			$				$
41						$				$			$				$
42						$				$			$				$
43						$				$			$				$
44						$				$			$				$
45				TOTAL $			$				$			$
46
47	Real Estate Currently Owned (First Property)							Real Estate Currently Owned (Second Property)
48
49	Address							Address
50
51	Value $		Mo. Payment $					Value $							Mo. Payment $
52	Mortgage/Equity Loan Balance $							Mortgage/Equity Loan Balance $
53
54	Buyer Initials:	/					BFI Page 1 of 2
											COPYRIGHT PENNSYLVANIA ASSOCIATION OF REALTORS® 2006
																		06/06
Addison Real Estate 266 S 23rd St Ste 16A Philadelphia, PA 19103
Phone: 215.735.3020 202		Fax: 215-735-1467			Jonathan Tori													RESIDENTIALLE

Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

55The information in this section must be provided if Buyer(s) require a mortgage loan, but only to the extent necessary to

56prove the ability to qualify for the mortgage loan.

57
57
58	EMPLOYMENT INFORMATION -- BUYER 1				EMPLOYMENT INFORMATION -- BUYER 2
59
60	Current Employer:				Current Employer:
61	Address:				Address:
62
63	Occupation:				Occupation:
64	Years at job:				Years at job:
65
66	Prior Employer:				Prior Employer:
67	Address:				Address:
68
69	Occupation:				Occupation:
70	Years at job:				Years at job:
71
72	ANNUAL INCOME			BUYER 1	ANNUAL INCOME			BUYER 2
73
74	Basic Salary	$			Basic Salary	$
75	Overtime	$			Overtime	$
76	Bonuses	$			Bonuses	$
77	Commissions	$			Commissions	$
78	Dividends	$			Dividends	$
79	Interest	$			Interest	$
80			$				$
81			$				$
82		TOTAL $				TOTAL $
83				COMBINED TOTAL INCOME $
84

85ADDITIONAL INFORMATION:

90Buyer(s) affirm that the above information is true and correct. Buyer(s) understand that the information may be used as a basis for

91the acceptance or rejection of an offer by the seller. Buyer(s) further understand that the information may be provided to a lender

92in conjunction with the placement of a mortgage loan. Buyer(s) acknowledge that failure to provide truthful and correct information

93may result in the forfeiture of any deposits made by Buyer(s) and may subject Buyer(s) to other financial loss or penalties.

100

If checked, Buyer(s) expressly authorize and direct
(Broker) acting as	Broker for Seller Broker for Buyer	Transaction Licensee, to obtain any information or

reports from a credit reporting agency including, but not limited to consumer reports, credit reports, criminal history reports, judgments of record and verification of employment and salary history deemed necessary for furthering the completion of this and any related transactions, and for the evaluation of the information provided by Buyer(s). Upon signing this form, Buyer(s) agree to provide their social security number(s) to the broker identified above for the purposes of obtaining such reports and information.

101Buyer(s) expressly authorize Broker to provide the information contained in this form and any reports or information obtained by

102Broker for the purposes stated above, to the seller(s), cooperating broker(s), mortgage broker(s) and lender(s) involved in this trans-

103action or any related transaction. BUYER(S) UNDERSTAND THAT BROKER HAS NO CONTROL OVER THE USE OF ANY

104INFORMATION AFTER IT IS DISCLOSED TO A THIRD PARTY; BUYER(S) AGREE TO RELEASE AND HOLD BROKER

105HARMLESS FROM ANY AND ALL LIABILITY FOR ANY MISUSE OR SUBSEQUENT DISCLOSURE BY ANY THIRD PARTY

106OF THE INFORMATION OR REPORTS DISCLOSED BY BROKER PURSUANT TO THE TERMS OF THIS AUTHORIZATION.

107

108Buyers’ signatures serve as an acknowledgement of receipt of a copy of this financial information sheet.

109
110	BUYER	DATE
111	BUYER	DATE
112	BUYER	DATE

BFI Page 2 of 2

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If you want to complete this PDF form, be sure you enter the information you need in every blank:

1. The buyers financial information form pa usually requires specific details to be entered. Be sure that the subsequent blanks are complete:

Writing section 1 in buyer's financial disclosure statement

2. After this part is complete, it's time to add the necessary details in ASSETS Bank accounts stocks etc, BUYER , BUYER , TOTAL, The information in this section, LIABILITIES list all liabilities, TOTAL, BUYER , BUYER , Balance, Per Month, Balance, Per Month, Real Estate Currently Owned First, and Real Estate Currently Owned Second so that you can proceed to the 3rd step.

buyer's financial disclosure statement conclusion process detailed (part 2)

As for Real Estate Currently Owned First and BUYER , ensure you get them right in this section. These could be the most important ones in this file.

3. The next section is normally quite simple, ANNUAL INCOME, BUYER , Occupation Years at job, Prior Employer Address, Occupation Years at job, Current Employer Address, Occupation Years at job, Prior Employer Address, Occupation Years at job, Current Employer Address, EMPLOYMENT INFORMATION BUYER , EMPLOYMENT INFORMATION BUYER , , TOTAL , and TOTAL - every one of these blanks is required to be filled in here.

Writing part 3 in buyer's financial disclosure statement

4. This next section requires some additional information. Ensure you complete all the necessary fields - , ADDITIONAL INFORMATION, Broker for Seller, If checked Buyers expressly, Broker for Buyer, and Buyers expressly authorize Broker - to proceed further in your process!

Find out how to complete buyer's financial disclosure statement stage 4

5. As you come near to the finalization of your form, there are actually a couple extra things to do. Particularly, Buyers expressly authorize Broker, DATE DATE DATE, Produced with ZipForm by zipLogix , RESIDENTIALLE, and BFI Page of should all be filled in.

How one can fill out buyer's financial disclosure statement step 5

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Buyer Financial Information Form – Fill Out and Use This PDF

Buyer Financial Information Form PDF Details

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