Sentences with phrase «otherwise good borrower»

Some creditors may remove a single late payment as a courtesy for an otherwise good borrower.

The practice was justified because it allowed otherwise good borrowers with an imperfect credit history to receive home loan financing, which in theory is said to spur the economy and increase consumer spending and employment rates.

Not exact matches

Exceptions can be made for otherwise well - qualified borrowers with stable income, cash reserves, excellent credit, etc..

Analysts with Fannie Mae reviewed years worth of data and determined that there are many potential borrowers with debt - to - income ratios in the 45 % to 50 % range who are otherwise well qualified for a home loan.

Analysts with Fannie Mae reviewed years worth of data and determined that there are many potential borrowers with debt - to - income ratios in the 45 % to 50 % range who are otherwise well qualified for a home loan.

Today, FHA One to Four Family Mortgage Insurance is still an important tool through which the Federal Government expands home ownership opportunities for first time homebuyers and other borrowers who would not otherwise qualify for conventional loans on affordable terms, as well as for those who live in underserved areas where mortgages may be harder to get.

NAR has already raised concerns about the impact these standards will have on the pricing, terms, and availability of non-QRM loans to otherwise creditworthy borrowers, including low and moderate income borrowers who maintain good credit and seek safe loan products to qualify for affordable mortgages.

Mortgage lenders have become better at assessing risk, and will make loans to borrowers who lack large savings but, otherwise, present well.

Guaranteed Rate is willing to work with borrowers looking for small down payments, but who are otherwise well - qualified.

Otherwise, it is usually not in the borrower's best interest to have interest accrue on funds that are not needed right away.

Exceptions can be made for otherwise well - qualified borrowers with stable income, cash reserves, excellent credit, etc..