Sentences with phrase «of qualified borrowers»

Schmidt: Our seller / servicers were already aware of the improved seniors housing Revolver program and together we've been in discussions with a number of qualified borrowers.

Lowman said that Freddie hopes to use the results from these efforts to make it easier for all of their customers, and the industry, to make successful homeownership possible for a wider range of qualified borrowers.

The reason: Tighter underwriting standards will shrink the pool of qualified borrowers, stretching out the amount of time it'll take to absorb housing inventory.

Compile and submit proper documentation on behalf of qualified borrowers to obtain mortgage financing.

[xvi] Most enrollees are in their first few years of payments, suggesting that older cohorts of qualified borrowers are unaware of the certification process or are opting not to use it.

Personal information list including names of qualified borrowers, property and residence addresses, social security numbers, contact phone numbers, employers with addresses and phone numbers.

Instead, it basically provides a form of insurance on behalf of qualified borrowers.

If there is, in fact, some degree of easing with credit score standards, it could create a larger pool of qualified borrowers in 2014.

The biggest one is unquestionably the ability of qualified borrowers to purchase with no down payment — and there are plenty more advantages as well.

But the dull reality is that as rates rise — even a little — the number of qualified borrowers falls.

If there is, in fact, some degree of easing with credit score standards, it could create a larger pool of qualified borrowers in 2014.

Programs like conventional, FHA, VA, and USDA do a good job of qualifying borrowers with a range of incomes, credit scores, and down payments.

Lenders now need less paperwork for income verification, and have the option of qualifying a borrower by documenting that the borrower has at least 12 months of mortgage payments in reserve.

The first wave of qualifying borrowers can submit applications in October.

More rules were put in place to force lenders to do a better job of qualifying borrowers, which may have helped mortgage consumers, but the auto industry jumped in on sub-prime loans and there are indications the same disaster could happen there.

Not exact matches

Among the CFPB's charges, Navient — formerly part of Sallie Mae — allegedly steered struggling borrowers into forbearance when they might have qualified for income - driven repayment plans, and did not adequately keep borrowers in income - driven plans informed of critical deadlines to maintain their eligibility.

Borrowers must qualify and file an application annually with the Department of Education.

To qualify for federally regulated mortgages, borrowers must be able to afford interest rates that are two percentage points above the contracted rate or the Bank of Canada's five - year benchmark rate, whichever is higher.

Like other high - cost lenders, the company touts its products as an option for borrowers who might not qualify for other sources of credit.

Borrowers who refinance federal student loans with private lenders lose access to borrower benefits like access to income - driven repayment programs and the potential to qualify for loan forgiveness after 10, 20 or 25 years of payments.

Beginning in January 2012, the Department will reach out to qualified borrowers early next year to alert them of the opportunity.

Under the income - based repayment plans, the payment due is a percentage of the borrower's income, and after a certain number of qualifying payments (generally 20 years), the remaining loan balance is forgiven.

Many of our borrowers on IDR qualify for a monthly payment of $ 0.00.

Nearly all federal student loans are eligible for consolidation, and borrowers do not have to provide evidence of a strong credit history to qualify.

Certain borrowers who show an exceptional financial need at the time of applying for federal financial aid may qualify for Federal Perkins Loans.

Borrowers with Perkins Loans who work in certain types of public service or certain occupations may qualify to have a percentage of the loan canceled after each year of employment.

Because of the guarantee program, borrowers who might not be able to completely collateralize a loan or otherwise qualify for a traditional loan at the bank may qualify for an SBA loan.

Borrowers who believe they are eligible for teacher loan forgiveness may submit an application directly to their student loan servicer after the five years of consecutive, qualifying employment is complete.

To qualify, borrowers must have worked in a qualifying field for at least ten years and made payments on their federal student loans for at least the same amount of time.

This type of electronic debit makes capital available to some borrowers who might not qualify within a more traditional payment model.

While borrowers will need a credit score of 600 or higher to qualify with LendingClub, the average borrower has a credit score of 700.

At this time, only federal direct loans are eligible for PSLF, but a consolidation of other types of loans may indirectly provide loan forgiveness to some qualified borrowers.

Although you could qualify for an FHA loan with a credit score as low as 580, your interest rate will likely be higher than a borrower with a credit score of 700 or more.

To qualify for the lowest rate presented, a borrower will need an excellent credit profile, take the loan out with a qualified co-borrower, use their loan to consolidate existing debt, and authorize the direct payment of that debt to their existing creditors using the loan proceeds.

Depending on their loan need or purpose, many borrowers find the streamlined online application and qualifying criteria of an OnDeck loan an attractive option.

Some borrowers may have preferred to extend their interest - only periods but may not have qualified in light of the tighter lending standards.

Borrowers with good to excellent credit scores will be able to qualify for affordable working capital loans and lines of credit from banks and credit unions.

We recommend borrowers have good to excellent credit to improve their chances of qualifying at Wells Fargo.

This makes it important to weigh the value of access verses a lower interest rate in some circumstances — this is true even for very creditworthy borrowers who would otherwise qualify for a traditional commercial loan at the bank but their loan purpose doesn't give them the luxury of time required to wait for a traditional bank loan.

Borrowers must show their creditworthiness and viability of their business idea to qualify.

The borrower must have a credit score of 550 or more, though borrowers with lower credit scores may still qualify if they meet the other requirements.

Because of this, many borrowers will use a bridge loan to renovate a property that wouldn't qualify for a traditional mortgage before selling it or getting long - term financing.

While some programs require that people jump through hoops, borrowers only have to meet one of four criteria to qualify for economic hardship deferment on federal loans.

In addition, borrowers who have lump - sum payments made on their behalf under a student loan repayment program administered by the U.S. Department of Defense may also receive credit for more than one qualifying PSLF payment.

To qualify for a Direct Consolidation that may be serviced by FedLoan Servicing, the borrower must be out of school and have at least one Direct Loan or FFELP loan that is in grace, repayment, deferment, forbearance, or default status.

Even worse, researchers found more than half of borrowers in default would qualify for an income - driven repayment plan that would significantly reduce their monthly payments.

Each private student loan lender has a set of criteria that must be met in order to qualify for a new private student loan, and the terms of each loan vary depending on the credit history of the borrower and co-signer.

For comparison, BlueVine requires borrowers have a minimum credit score of either 600 or 650 to qualify for its line of credit product whereas Kabbage has no minimum credit requirements.

Private student loans are made available to qualified borrowers from a variety of private lenders, including banks, credit unions, and online lending platforms.

Borrowers of qualified education loans may deduct up to $ 2,500 in interest on their federal income tax returns as an above - the - line exclusion from income.