Sentences with phrase «borrower meets certain requirements»

Not exact matches

The borrower will need to meet certain credit requirements before cosigner release will be granted, including a minimum income and credit score, and a maximum debt - to - income ratio.

Additionally, USDA loans with 100 % financing are available to borrowers in rural areas who meet certain income requirements.

However, with some Sallie Mae loans, like the Smart Option Student Loan ®, the borrower can apply to have their cosigner released after meeting certain requirements.

All borrowers must meet certain credit requirements on these loans, and any co-signer on the cash out refinancing must be a resident of the property.

Cosigners can be released from the loan after the borrower makes a year of timely post-graduation payments, assuming the borrower meets certain credit requirements on their own.

The primary borrower must also meet certain credit requirements before cosigner release can be granted, including a minimum income and credit score, and a maximum debt - to - income ratio

The borrower will need to meet certain credit requirements before cosigner release will be granted, including a minimum income and credit score, and a maximum debt - to - income ratio.

Additionally, USDA loans with 100 % financing are available to borrowers in rural areas who meet certain income requirements.

Both the borrower and the car must meet certain requirements to obtain approval for a bad credit car loan from My Auto Loan, but these minimum requirements are less stringent than for a traditional auto loan.

While LoanDepot is known largely for funding mortgages, the company does provide unsecured personal loans to borrowers who meet certain requirements.

Interest Only Mortgage Loan For a pre-determined period of time (typically ten years), borrowers may be allowed to cover only the interest with a lowered monthly payment to meet certain initial loan requirements.

USDA / RHS Loans The United States Department of Agriculture (USDA) offers a loan program for rural borrowers who meet certain income requirements.

New FHA guidelines announced August 15, 2013, in Mortgagee Letter 2013 - 26 say that borrowers who meet certain criteria and qualify for a loan under FHA requirements will be able to apply for an FHA loan without the usual mandatory waiting period after a foreclosure, short sale or bankruptcy.

If the lender offers a cosigner release option, borrowers can request a cosigner release after they meet certain requirements.

According to the 2018 CALHFA guidelines, there are certain eligibility requirements that must be met by the borrower as well as the property in question.

These home loan programs are available to borrowers who meet certain income requirements.

Congress did provide lenders with some legal protection by insulating them from ability - to - repay claims by borrowers for loans meeting certain safety requirements set out in Dodd - Frank.

In most cases, borrowers must meet certain income requirements.

Private student loan lenders, however, have certain credit requirements that borrowers must meet in order to qualify.

Apart from these main points, students and lenders are also required to meet several requirements like double - checking the current status and the amount needed by the student from the school, a quarterly update to borrowers about their payables, and a report a certain student loans standing to the Consumer Financial Protection Bureau.

FHA mortgage insurance also encourages lenders to make loans to otherwise credit worthy projects and borrowers that might not be able to meet underwriting requirements that are conventional, protecting the lender against loan default on mortgages for properties that meet certain minimum requirements — including single - family, manufactured homes, and multifamily properties, and some health - related facilities.

FHA mortgage insurance also encourages lenders to make loans to otherwise credit worthy projects and borrowers that might not be able to meet underwriting requirements that are conventional, protecting the lender against loan default on mortgages for properties that meet certain minimum requirements — including single - family, manufactured homes, some health - related facilities, and multifamily properties.

As a matter of law, borrowers with Federal student loans are entitled to deferment so long as they meet certain eligibility requirements, which include:

LendKey's banking and credit union partners each require borrowers to meet certain underwriting requirements before a refinanced student loan is approved.

Step 2: Gather Financial Documents Borrowers must provide certain documents so lenders can ensure they meet minimum HARP eligibility requirements.

However, if the borrower meets certain credit and reserve requirements, they can generally get away with 45 %.

Operational covenants often require borrowers to maintain their physical assets to certain standards, meet minimum disclosure requirements, engage only in permissible business lines, or maintain a certain level of insurance.

On top of that, while student loan consolidation can transfer a parent loan to the child's name, there are certain eligibility requirements that must be met, making it not as feasible for some borrowers.

Borrowers have to meet certain eligibility requirements.

In addition, most VA loans are assumable, which means the loan can later be transferred to another eligible borrower if certain requirements are met.

USDA / RHS Loans The United States Department of Agriculture (USDA) offers a loan program for rural borrowers who meet certain income requirements.

To be eligible, a borrower must have a good credit score, sufficient income, a valid Certificate of Eligibility (COE), and meet certain service requirements.

The United States Department of Agriculture (USDA) offers a loan program for borrowers who meet certain income requirements and live within designated «rural» areas.

If a court determines a loan met the qualified - mortgage requirements and also fits within a certain interest - rate threshold, a borrower could not win a lawsuit alleging a lender did not properly calculate their ability to repay, according to the Consumer Financial Protection Bureau.

Loans that meet QM's requirement offer lenders a certain level of protection against borrowers» lawsuits.

«In recent years, we've seen an increased demand for a direct bridge lending platform from borrowers seeking to obtain HUD financing but unable to do so because of timing issues or being unable to meet certain HUD requirements.