Sentences with phrase «insured loan product»

Luckily, a federally - insured loan product has proven to be a helpful financial tool, offering thousands of retirees across the nation financial security.

Impounds are held in an escrow account, and are required for the VA home loan and other government insured loan products.

Not exact matches

For example, there's a cap on how much you can borrow when using a Federal Housing Administration (FHA) loan, and a different cap if you plan to use a conventional mortgage product that's not insured by the government.

According to the company's website, they generate home loans «with the intention of servicing them for the life of the term,» with the exception of FHA - insured products, which are sold to investors in the secondary market.

Senior loan officers have reported some degree of easing for conventional home loans, while standards seem to have increased a bit for government - insured products.

This role includes the management of approximately 25 mortgage originators located in offices nationally and the credit review of the commercial loan products, including CMHC - insured fixed and floating rate loans, CMBS loans, small commercial loans, second mortgages and interim / construction loans.

As with all FHA mortgage products, your home loan is insured, which allows for more leniency than a conventional loan.

In all references, this refers to the same loan product: a government - insured home equity conversion mortgage or reverse mortgage.

Recently, the agency stated that broker access to FHA products should continue by virtue their current relationships with banks and other wholesalers, saying, «It is the mortgage lender with the greatest control over the mortgage loan that should be subject to FHA's rigorous lender approval and oversight processes, and bear the greatest degree of responsibility and liability for the mortgage loan obtained by the mortgage borrower and insured by FHA.»

Although these new requirements are more extensive than past requirements, they will ultimately serve to protect countless reverse mortgage borrowers from default as well as further contribute to making the federally - insured HECM one of the nation's safest loan products in the market to date.

Fact: All of our products are non-recourse loans that are insured by the FHA, which means the borrower will never owe more than the home is worth.

Since the FHA only insures mortgages, several of these FHA - approved lenders may even offer conventional loan products of their own.

So, when you buy our insured products, you will enjoy greater peace of mind knowing that you're better managing third party risk and defending your business against the negative financial consequences of a possible loan default and the resulting repurchase request.

Idaho residents can choose from three HECM loan products, which are all insured by the federal government.

This voluntary protection product, available from CMFG Life Insurance Company through CEFCU, reduces or pays off your insured loan balance up to the policy maximum should you die before the loan is repaid.

In the early 1980's, a new loan product called a reverse mortgage was approved to be insured by the Federal Housing Administration (FHA).

That product is the government - insured Reverse Mortgage loan.

From conventional loans to government insured products, let our mortgage professional guide you to the perfect home loan for you.

Lenders and credit resellers like Baldwin said they understand the need for trended data, but they wonder why they, and ultimately their borrowers, must buy trended data when it's not required, like when they are selling a loan to Freddie Mac or originating government - insured products.

To find out exactly what government insured mortgage product and amount you will qualify for, call the VA Home Loan Centers applications desk at 888-573-4496

The initial monthly payment and interest rate are low under this FHA - insured mortgage product, but these may change during the life of the loan.

This FHA loan product is on its way to insure over two million FHA mortgages in 2010.

Both types of VA refinance loans are government mortgage products insured against default by the United States Department of Veterans Affairs.

The company's mortgage insurance product may be written on a flow basis, in which loans are insured in individual, loan - by - loan transactions or may be written on a bulk basis, in which a portfolio of loans is individually insured in a single and bulk transaction.

Yes, Mutual of Omaha Bank is fully accredited and insured by the FDIC and is also and Equal Housing Lender for their mortgage and home loan products.

Another loan product gaining popularity are those insured by the Federal Housing Administration (FHA), which require only a down payment of 3.5 %.

Increasing the capacity of FHA will insure it is a viable product for homebuyers and expands the pool of available safe and affordable loan products.

According to the company's website, they generate home loans «with the intention of servicing them for the life of the term,» with the exception of FHA - insured products, which are sold to investors in the secondary market.

Insuring the HECM reverse mortgage loan product under the Federal Housing Administration (FHA) is only one step of many taken by the mortgage industry to put consumer protections into place.

From conventional loans to government insured products, let our mortgage professional guide you to the perfect home loan for you.

Conforming loan limits apply to «conventional» or regular mortgage products that are not insured by the federal government.

It is a great product for many people in that not only does it allow one to buy (or refinance) with they otherwise might not be able to, since every FHA loan is insured against default investors love them and the interest rate is generally lower than many other options!

In the early 1980's, a new loan product called a reverse mortgage was approved to be insured by the Federal Housing Administration (FHA).

That product is the government - insured Reverse Mortgage loan.