The phrase "income borrowers" refers to individuals who are borrowing money, such as applying for a loan or mortgage, and their ability to repay the borrowed amount is assessed based on their income. Full definition
This program is designed for low income borrowers who are able to make monthly mortgage payments, but don't have enough funds saved up for a down payment. (fha.com)
These loans are generally geared toward low to middle - income borrowers who for various reasons are unable to get the approval necessary for conventional home loans. (fxempire.com)
For example, under this plan, it could take a low - income borrower with $ 20,000 in student loan debt up to 92 years to repay their student loans. (studentloanborrowerassistance.org)