Sentences with phrase «costs on behalf of the borrower»
This saving is added to by the fact the seller is permitted to pay closing costs on behalf of the borrower as an incentive.
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A look at HUD 4155.1 revealed no language that included a requirement for the seller to pay closing costs on behalf of the borrower for an FHA home loan.
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With a low - cost or zero - closing cost mortgage, closing costs are paid by the lender on behalf of the borrower.
After an offer is selected, PNC will verify employment, income, credit history, and school attendance and costs before disbursing the funds on behalf of the borrower.
To determine the maximum amount of funds this borrower is eligible to receive, a net principal limit is calculated by subtracting any initial payments made to or on behalf of the borrower (for example, initial MIP, origination fees, closing costs, liens, cash payments to the borrower, and funds set aside for monthly servicing fees).
With a low - cost or zero - closing cost mortgage, closing costs are paid by the lender on behalf of the borrower.