Sentences with phrase «insured loans such»

If you look at the standards for qualified mortgages what you see is that conventional, and federally - insured loans such as those from the VA and FHA will readily qualify.

Not exact matches

The federal government is also adding restrictions on when it will insure low - ratio mortgages, stipulating that such loans must have an amortization period of less than 25 years and that the property must be owner - occupied, among other criteria.

It is also important to note that liabilities, such as outstanding bank loans, guarantees, lease agreements and payments to suppliers are usually not insured, leaving the personal assets of business owners pledged against these liabilities, and potentially leaving family members in financial distress.

Rather, they insure the loans made by primary lenders such as Wells Fargo and Bank of America.

A part of the Department of Housing and Urban Development, Ginnie Mae guarantees the timely payment of mortgage bonds that include federally insured or guaranteed loans, such as FHA mortgages.

The Congressional Budget Office estimates that the 2010 reforms will save the government $ 61 billion over 10 years from payments now going to the private banking industry and nonprofit entities such as American Student Assistance (ASA) in Boston, one of the nation's 34 guarantors of the government - insured private loans.

Without this money, the FHA would not be able to insure loans with such low down payments.

There are other types of low down payment options that also include MI, such as the government - insured loans backed by the Federal Housing Administration (FHA).

VA mortgage: Insured by the Department of Veterans Affairs and distributed by private lenders, such as banks or mortgage companies, VA loans are available only to veterans or current members of the armed forces, and in some cases, service members» spouses.

The mortgage loan is funded by a lending institution, such as a mortgage company, bank, savings and loan association and the mortgage is insured by HUD.

Conventional loans — Mortgage loans other than those insured or guaranteed by a government agency such as the FHA (Federal Housing Administration), the VA (Veterans Administration), or the Rural Development Services (formerly known as the Farmers Home Administration or FmHA).

FHA loans include purchase loans, home construction loans, and streamlined refinance loans insured by the Federal Housing Administration; as well as loans for «special» FHA programs such as Back to Work, which allows for recent bankruptcy, foreclosure, or short sale.

Government - insured mortgages such as FHA and VA loans offer flexible terms and low monthly payments for qualifying applicants.

ART insurance is a great option for someone looking to be insured for a short time, such as entrepreneurs looking to use life insurance as collateral for a business loan.

(8) for an educational benefit overpayment or loan made, insured or guaranteed by a governmental unit, or made under any program funded in whole or in part by a governmental unit or nonprofit institution, or for an obligation to repay funds received as an educational benefit, scholarship or stipend, unless excepting such debt from discharge under this paragraph will impose an undue hardship on the debtor and the debtor's dependents;

While traditional lenders, (such as the top 5 banks), have multiple revenue streams to finance mortgage loans, giving them the ability to effectively insure their own loans, the same can not be said for non-traditional or monoline lenders.

Reverse mortgage loans, such as the government - insured Home Equity Conversion Mortgage (HECM), are designed for seniors age 62 or older to help turn a portion of their home equity into cash.

The funding comes from a lender such as a bank, company or savings and loan business, but the mortgage is still insured by HUD.

Government agencies such as the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA) can insure or guarantee loans.

This program insures such loans for up to 20 years on either single or multifamily properties.

This program may be used to insure such loans for a period up to twenty years on either a multifamily or single property.

And, lenders are happy to make such loans because the Federal Housing Administration insures the loans against loss.

The FHA (Federal Housing Administration, part of HUD) insures loans made by direct lenders such as Wells Fargo and Citi.

1 Such loans increase the chance a policy will lapse, reduce the ultimate death benefit, and could result in a tax liability if the insured dies before the loan is repaid.

The federal government does not lend money directly to home buyers — they just insure such loans.

FHA - insured mortgages for properties in high - cost areas such as New York and Los Angeles must not exceed a maximum loan limit of $ 362,790, according the FHA.com — a prohibitively low amount when compared to the actual selling prices of most homes in those areas.

If an imposter obtains key personal information such as a Social Security or Driver's License number, or other method of identifying an insured person in order to impersonate or obtain credit, merchandise or services in the insured person's name, the Outreach plans provide coverage for up to $ 500 for the reasonable, customary and necessary costs incurred by the insured for: re-filing a loan or other credit application that is rejected solely as a result of the stolen identity event; notarization of legal documents, long - distance telephone calls, and postage that has resulted solely as a result of reporting, amending and / or rectifying records as a result of the stolen identity event; up to three credit reports obtained within one year of the insured person's knowledge of the stolen identity event; and stop payment orders placed on missing or unauthorized checks as a result of the stolen identity event.

If an imposter obtains key personal information such as a Social Security or Driver's License number, or other method of identifying an insured person in order to impersonate or obtain credit, merchandise or services in the insured person's name, thePatriot Platinum plans provide coverage for up to $ 500 for the reasonable, customary and necessary costs incurred by the insured for: re-filing a loan or other credit application that is rejected solely as a result of the stolen identity event; notarization of legal documents, long - distance telephone calls, and postage that has resulted solely as a result of reporting, amending and / or rectifying records as a result of the stolen identity event; up to three credit reports obtained within one year of the insured person's knowledge of the stolen identity event; and stop payment orders placed on missing or unauthorized checks as a result of the stolen identity event.

Title Insurance We require an acceptable ALTA Loan Policy (or equivalent in Texas, Florida and California) issued by an approved national title insurer, insuring the Loan as a valid first lien on the security (unless another priority is specified in the loan commitment) without exception other than taxes not yet due and payable and such other exceptions as we apprLoan Policy (or equivalent in Texas, Florida and California) issued by an approved national title insurer, insuring the Loan as a valid first lien on the security (unless another priority is specified in the loan commitment) without exception other than taxes not yet due and payable and such other exceptions as we apprLoan as a valid first lien on the security (unless another priority is specified in the loan commitment) without exception other than taxes not yet due and payable and such other exceptions as we apprloan commitment) without exception other than taxes not yet due and payable and such other exceptions as we approve.

Such expenses include the costs for notarizing fraud affidavits; certified mail sent to law enforcement, financial institutions and credit agencies; lost income resulting from time off work to meet with law enforcement or credit agencies; loan application fees for reapplying for a loan; and reasonable attorney fees incurred to defend lawsuits brought against the insured and to remove criminal or civil judgments.

Decreasing term life insurance is also a good way to ensure that any large loans, such as business loans or a mortgage, are paid off should something happen to the insured.

Additional Named Insureds, such as Mortgagees, Leasing companies, banks for car loans, or any other person who has an insurable interest in the property due to having provided financing on the property.

If an imposter obtains key personal information such as a Social Security or Driver's License number, or other method of identifying an insured person in order impersonate or obtain credit, merchandise or services in the insured person's name, the Patriot Multi-Trip plans provide coverage for up to $ 500 for the reasonable, customary and necessary costs incurred by the insured for: re-filing a loan or other credit application that is rejected solely as a result of the stolen indentity event; notarization of legal documents, long distance telephone calls, and postage that has resulted solely as a result of reporting, amending and / or rectifying records as a result of the stolen identity event; up to three credit reports obtained within one year of the insured person's knowledge of the stolen identity event; and stop payment orders placed on missing or unauthorized checks as a result of the stolen identity event.

In addition, loans from insurers secured by policy values are not income and earnings credited to an owner's policy values (known as «inside buildup») by the insurance company are not currently taxed (and may escape taxation altogether if such earnings are not distributed other than as part of the death benefits paid upon the death of the insured).

If an imposter obtains key personal information such as a Social Security or Driver's License number, or other method of identifying an insured person in order to impersonate or obtain credit, merchandise or services in the insured person's name, the Patriot GoTravel plans provide coverage up to $ 500 for the reasonable, customary and necessary costs incurred by the insured for: re-filing a loan or other credit application that is rejected solely as a result of the stolen identity event; notarization of legal documents, long dis - tance telephone calls, and postage that has resulted solely as a result of reporting, amending and / or rectifying records as a result of the stolen identity event; up to three credit reports obtained within one year of the insured person's knowledge of the stolen identity event; and stop payment orders placed on missing or unauthorized checks as a result of the stolen identity event.

Such plans are usually offered by financial companies to insure the property control as collateral against the loan provided.

ART insurance is a great option for someone looking to be insured for a short time, such as entrepreneurs looking to use life insurance as collateral for a business loan.

If you have financial liabilities, such as financial dependents, loans etc. you must take a term insurance policy of adequate sum insured; because you'll never want your loved ones to pay your debts when you're gone.

The risk therefore exists that the policy loan plus the accrued interest will, over time, cannibalize the death benefit such there will be a much smaller death benefit payable when the insured dies.

There may be a loss of income because of the illness, so the lump sum amount paid by the insurer can be used for numerous purposes by the insured, such as: primarily to get the treatment for the illness, for recuperation purposes like buying recuperation utilities, to pay off any loans or debts, to manage household expenses, etc..

Some exceptions to this rule that I can think of will be things like unpaid premium / s, loans outstanding, interest on such loans 4) In case the life insured and nominee die at the same time, the policy money will go to the legal heir.

Note: As of 10/1/2008, HUD no longer permits DPA programs such as described above to participate in FHA insured loans or Fannie Mae and Freddie Mac finances loans.

FHA stopped insuring ARMs because it was approaching its statutory limit on the number of such loans it could process in 1998.

The FHA insures mortgage loans made by direct lenders, such as Wells Fargo and Citi.

There are also federally insured mortgages, such as FHA or VA loans, which have more flexible qualifying guidelines.

Conventional Loan: A mortgage or deed of trust not obtained under a government insured program, such as FHA or VA..

HUD insures the loan up to $ 25,000 for a single - family home and lenders make loans for basic livability improvements — such as additions and new roofs — to eligible borrowers.

His firm has continued to loan for seniors housing projects, such as the recent closing of a $ 14.4 million FHA - insured HUD loan to refinance Pleasant Lake Villa, a 239 - bed skilled care and assisted living nursing home in Parma, Ohio.

RESPA applies generally to «federally related mortgage loans,» which means loans (other than temporary financing such as construction loans) secured by a lien on residential real property designed principally for occupancy by one to four families and that are: (1) Made by a lender with Federal deposit insurance; (2) made, insured, guaranteed, supplemented, or assisted in any way by any officer or agency of the Federal government; (3) intended to be sold to Fannie Mae, Ginnie Mae, or (directly or through an intervening purchaser) Freddie Mac; or (4) made by a «creditor,» as defined under TILA, that makes or invests in real estate loans aggregating more than $ 1,000,000 per year, other than a State agency.

Mortgages on properties financed by government - insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit.