Sentences with phrase «first lien conventional»

-- CalHFA — first lien Conventional or FHA program.

Not exact matches

Of Wells Fargo's conventional first - lien mortgages (unadjusted for income, location, loan size, and lender type), high cost loans made up 45.8 % of the loans to African - Americans, 22.6 % of the loans to Latinos, and 12.4 %

b) The sum of the existing first lien, any purchase money second mortgage and / or any junior liens over 12 months old, closing costs, prepaid expenses, accrued late charges, escrow shortages, borrower paid repairs required by the appraisal, discount points, prepaid penalties charged on a conventional loan and FHA Title 1 loans as determined by the appropriate HOC subtract any refund of refund of upfront MIP.

The piggy - back allows buyers to take a conventional first mortgage with favorable terms, while concurrently giving them a second lien that provides them with cash ready for use.

The piggy - back allows buyers to take a conventional first mortgage with favorable terms, while concurrently giving them a second lien that provides them cash ready for use.

A conventional lender provides up to 50 percent of the total project cost and holds the first lien position.

3) That the first position is so important that the Federal Housing Finance Agency prohibits Fannie Mae and Freddie Mac (conventional loans) and FHA from purchasing mortgages or notes with these types of liens on the property - either as refinances or purchases.