Sentences with phrase «potential loan applicants»

The first thing potential loan applicants should know is that the answer depends greatly on several factors, but one of the most important ones is the nature of the bankruptcy filed.

If a potential loan applicant is looking at a score that is 30 points higher than the FICO version used by mortgage lenders that 30 point difference could mean a rejection of a loan, higher pricing, or a smaller loan than needed.

Not exact matches

Instead, they provide ranges of interest rates with highs and lows, detailing what potential student loan interest rates are available to applicants.

They like to check a potential applicant's history through the credit bureaus to help make a more informed decision on the loan application.

With a large military community in areas like Fort Benning, Georgia is home to hundreds of thousands of potential VA loan applicants who could benefit from USAA's member - only rates and fees.

However, with the VA Loan program, in addition to credit and income requirements, potential applicants must meet basic service requirements.

One difference is that applicants for student loans generally do not have an established credit score like a potential mortgage borrower.

The government requires that lenders list closing costs on every mortgage applicant's Loan Estimate, which lenders provide to potential borrowers within three days of submitting an application.

For potential borrowers, the FHA requires that all loan applicants have the following:

This depends on a number of factors including the size of the initial down payment and mortgage, loan term and type, potential for property appreciation, and an applicant's credit score.

• Interviewing applicants to determine financial eligibility • Counseling applicants on loan repayments and restrictions • Setting up payment plans for debt liquidation • Analyzing potential loan markets to find financial services promotion opportunities • Ameliorate financial situations by investigating negative credit histories and providing recommendations

Lenders are requiring applicants to have credit scores of about 760 for Fannie Mae and Freddie Mac loans, and just under 700 for FHA loans, shrinking potential home sales by about 20 percent.