Sentences with phrase «combined loan to value»

The term «combined loan to value» adds additional specificity to the basic loan to value which simply indicates the ratio between one primary loan and the property value.

Combined loan to value is an amount in addition to the Loan to Value, which simply represents the first position mortgage or loan as a percentage of the property's value.

Combined loan to value ratio (CLTV) is the proportion of loans (secured by a property) in relation to its value.

As a general rule, lenders will let you borrow as much as 80 percent (some even allow as much as 90 percent) of your «combined loan to value,» or CLTV, ratio.

Alternatively, they could also borrow the $ 729,750 and use a second mortgage of $ 100,000 (our current maximum if the Combined Loan to Value ratio over 80 %).

* CLTV * - Combined Loan To Value * CMA * - Comparative Market Analysis * COCR * - Cash on Cash Return * COF * - Cost of Funds * COO * - Certificate of Occupancy * CRB * - Certified Residential Broker * CRE * - Creative Real Estate * CRS * - Certified Residential Specialist * DBA * - Doing Business As * DCR * - Debt Coverage Ratio * DOS * - Due On Sale Clause * DOT * - Deed of Trust * DSCR * - Debt Service Coverage Ratio * FCRA * - Fair Credit Reporting Act

Combined Loan to Value (CLTV): Agency maximum for USDA; Conventional is 95 % if subordinate financing is supplied by referring lender

Many home mortgage lenders will have a separate calculator for Combined Loan to Value.

Many lenders, particularly the more conservative ones, offer loans with lower Combined Loan to Value (CLTV) ratios, also known as Total Loan - to - Value (TLTV) ratio.

Your Fico credit score, Debt to Income Ratio, and Combined Loan to Value ratio will determine the mortgage rate and the limits for loans size.

Your Fico credit score, Debt to Income Ratio, and Combined Loan to Value ratio will determine the mortgage rate.

The maximum combined loan to value ratio is 125 % for fixed rate FHA home loans that are subordinated.

These 2nd loans are similar to 125 % mortgages, because they require no equity, as this loan allows your combined loan to value to go up 15 % beyond the value of your house.

The combined loan to value (CLTV) is 76 % and the new mortgage amount is $ 233,000.

Displayed «As low as» rate assumes a line amount of $ 100,000, a credit score of 740 or greater and a combined loan to value of 80 % or less and includes the following discounts:

The Prime Rate + 1.24 % rate is available for customers opening home equity lines of credit for $ 50,000 or greater and meeting product credit qualifications covered below and assumes less than or equal to 80 % Combined Loan to Value (CLTV).

Displayed «As low as» rate assumes a loan amount of $ 50,000, a 10 year term, a credit score of 740 or greater and a combined loan to value of 80 % or less and includes the following discounts:

This figure is called the combined loan to value (CLTV) of the property.

Note that certain home loan products at Fannie Mae or Freddie Mac also look at HCLTV, which is the home equity combined loan to value ratio.

You can figure out the combined loan to value ratio in a similar way.

The loan to value (LTV) ratio of a mortgage is the ratio of the mortgage balance to the value of the property, while the combined loan to value (CLTV) is the same calculation made for the sum of all loans taken out on the property.

Second mortgages are slightly higher risk for the lender and most lenders are only willing to entertain a combined loan to value of between 75 to 80 %.

Of course interest rates will vary depending upon, credit score, income documentation, and combined loan to value.

Sometimes people are able to achieve 100 % home financing with purchase money second mortgages that are offered with fixed or variable rate second mortgage up to 100 % combined loan to value.

About 33 percent of adjustable - rate loans in the Alt - A sector were originated with reduced documentation and a combined loan to value (CLTV) ratio of greater than 95 percent last year.

These 2nd loans are similar to 125 % mortgages, because they require no equity, but this loan allows your combined loan to value to go up 5 % beyond the value of your house.

Combined Loan to Value (CLTV) up to 80 % for certain mortgage products, property types and loan amounts.

G.) Maximum Combined Loan to Value — Kentucky Mortgage guidelines will remain at 100 % CLTV.)

Loan to value (LTV) and combined loan to value (CLTV) ratios are used to compare the balances of your mortgages to your property's present value.

Various loan documents, including loan approval forms, good faith estimates, and underwriting transmittal forms, that failed to disclose secondary financing and falsely represented the combined loan to value ratio

In addition to the loan to value ratio (LTV) of your first mortgage, lenders evaluating a second mortgage application also rely on the combined loan to value (CLTV).

Your credit score can be as low as 550 if you are below 80 % combine loan to value and you are able to provide full income documentation as well.

Not exact matches

The introduction of a stress test was only one portion of Guideline B - 20; the regulations also ban the practice of «co-lending» or «bundled» mortgages, which combine multiple mortgage loan products to help a borrower satisfy their minimum loan - to - value requirements.

Most lenders will cap the combined loan - to - value (CLTV) of your mortgages to 90 % of your home's value but in a healthy housing market, you can sometimes borrow with a CLTV of 100 % or more.

For purchase and limited cash out refinance, the maximum loan - to - value (LTV) and combined loan - to - value (CLTV) for a one unit property is 95 % except for First Time Homebuyer programs which permits 97 % financing.

For example, AFC value the players they want (want, not forced) to sell at a combined # 50 million, loan AFC # 40 mil at interest free for 12 months.

Rudi Garcia's side offered an initial # 1.5 m to loan Adriano for the remainder of the season followed by another # 5m to sign him outright, a combined fee that is surely well below the player's value.

a) The loan is limited to a combined LTV (FHA insured first mortgage and any subordinated lien) of 85 % of the appraised value, provided the borrower has owned the property for at least one year.

FHA allows refinancing of up to 97.5 % loan - to - value (LTV) for a refinance mortgage, and does not have an upward limit for combined LTV (CLTV) if you also have home equity financing in place.

To qualify for a 4.75 % APR, the applicant must have a minimum line of $ 50,000 +, less than 80 % combined loan - to - value, a 750 + Beacon credit score, a Premier or Prestige Checking Account, and make payment using First Citizens auto - draft from a First Citizens» checking accounTo qualify for a 4.75 % APR, the applicant must have a minimum line of $ 50,000 +, less than 80 % combined loan - to - value, a 750 + Beacon credit score, a Premier or Prestige Checking Account, and make payment using First Citizens auto - draft from a First Citizens» checking accounto - value, a 750 + Beacon credit score, a Premier or Prestige Checking Account, and make payment using First Citizens auto - draft from a First Citizens» checking account.

The APR for lines of credit with combined loan - to - value of 85.01 % -90 % is Wall Street Journal Prime plus 0.50 %.

Maximum Loan - to - Value (LTV): Fore refinance mortgages with subordinate financing remaining in place, the maximum combined LTV is 125 percent.

In a program which went into effect Monday, HUD explains that with the exception of streamline refinance transactions, the combined amount of the FHA - insured first mortgage and any subordinate lien may not exceed the applicable FHA loan - to - value ratio AND the geographical maximum mortgage amount.

Now HUD is going in the other direction and dumping the unlimited combined loan - to - value (CLTV) when a property has two loans.

Lenders that allow a combined loan - to - value ratio of 80 % would loan you 30 % of your equity, or $ 60,000.

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Moreover, your home mortgage and home equity debt consolidation loan combined can only add up to 85 % of your home value or else you won't get approved for the loan you seek.

All applicants must have a credit score of 740 or higher, combined debt to income ratio of 38 % or lower, meet program assets requirements and have a Loan to Value Ratio less than or equal to 60 %.

Combined loan - to - value (CLTV) is the total amount of a first and second mortgage divided by current home value.

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