Sentences with phrase «reasonable value of the property»

VA does not require a down payment if the purchase price or cost is not more than the reasonable value of the property as determined by VA, but the lender may require one.

There are no actual loan limits for a VA home loan, but most VA lenders limit the amount that can be borrowed to $ 417,000 and no more than 100 % of the VA - established reasonable value of the property (determined by the appraiser hired by the VA).

No down payment required (provided the veteran is income - and credit - qualified and the purchase price is more than the reasonable value of the property)

The VA lenders handbook accounts for the lack of a down payment by stating «because VA loans can be for the full reasonable value of the property, no down payment is required by VA..»

* No down payment unless required by the lender or the purchase price is more than the reasonable value of the property.

The second factor that determines the maximum loan amount is the reasonable value of the property shown on the Notice of Value (NOV) provided by the official VA appraisal.

Refinance an existing home loan up to 90 % of the reasonable value of the property established by the VA

Not exact matches

According to the IRS, fair market value is the «price at which property would change hands between a willing buyer and a willing seller, neither having to buy or sell, and both having reasonable knowledge of all the relevant facts.»

The RBC Housing Affordability measure, which has been compiled since 1985, is based on the calculated costs of owning a detached bungalow (a reasonable property benchmark for the housing market in Canada) at market value.

Public schools in areas of increasing property values and other living costs can not simply relocate teachers to areas with reasonable property values and short commutes.

A third might be a pledge by school - choice advocates that they will cease any and all attacks upon parents of means who have chosen to pay a premium for good public schools, and who have reasonable concerns about proposals that would change the terms of the deal by affecting the quality of their schools and harming their property values.

Most lenders require that a combination of the guaranty entitlement and any cash down payment must equal at least 25 percent of the reasonable value or sales price of the property, whichever is less.

Certificate of Reasonable Value (CRV) An appraisal issued by the Veterans Administration showing the property's current market vValue (CRV) An appraisal issued by the Veterans Administration showing the property's current market valuevalue.

The local VA office evaluates the appraisal and issues a Certificate of Reasonable Value (CRV) which contains the approved appraised value of the subject propValue (CRV) which contains the approved appraised value of the subject propvalue of the subject property.

Certificate of Reasonable Value: This certifies the fair market value of the property once the home is appraValue: This certifies the fair market value of the property once the home is appravalue of the property once the home is appraised.

The line «you show that the value of the property hasn't gone down» makes the bank's appraisal request reasonable, IMHO.

After the Certificate of Reasonable Value has been issued to the property, the loan must be issued within 180 days.

You can refinance a VA loan for up to 90 % of the Certificate of Reasonable Value (CRV) plus all closing costs if the property can withstand the designated loan to value rValue (CRV) plus all closing costs if the property can withstand the designated loan to value rvalue ratio.

A well - secured loan is collateralized by a perfected security interest in, or pledges of, real or personal property, including securities with an estimable value, less cost to sell, sufficient to recover the recorded investment in the loan, as well as a reasonable return on that amount.

Most lenders require that a combination of the guaranty entitlement and any cash downpayment must equal at least 25 percent of the reasonable value or sales price of the property, whichever is less.

Under HB 210, for example, the crime of animal cruelty requires that «the person's conduct is not reasonable and necessary to protect: (1) the actor or another person from injury or death; or (2) property from damage or loss if the property is an animal; or other property that is $ 50 or more in value.»

These types of properties are geared to accommodate guests looking to experience luxury and privacy at a reasonable price that represents real value for money.

Before execution of the agreement, such party was not provided a fair and reasonable disclosure of the amount, character and value of property, financial obligations and income of the other party; or

Ian Hanna, a property owner from Prince Edward County, Ont., argues the rules don't comply with s. 11 of the Environmental Bill of Rights, which requires the minister of the environment to «take every reasonable step to ensure that the ministry statement of environmental values is considered whenever decisions that might significantly affect the environment are made in the ministry.»

With mortgage rates yet to rise, it is reasonable to assume that when they do, there will be a second wave of claims, and who is to say that that won't include present - day transactions, given the occasional return of high loan to value loans and an uncertain outlook for property prices?

It presages a law captured by the rhetoric of the right to freedom of expression without due regard to the value underlying the particular exercise of that right; a law in which, under the guise of the right to freedom of expression, the «right» to offend can be exercised without responsibility or restraint providing it does not cause a disruption or disturbance in the nature of public disorder; a law in which an impoverished amoral concept of «public order» is judicially ordained; a law in which the right to freedom of expression trumps — or tramples upon — other rights and values which are the vital rights and properties of a free and democratic society; a law to which any number of vulnerable individuals and minorities may be exposed to uncivil, and even odious, ethnic, sexist, homophobic, anti-Christian, anti-Semitic, and anti-Islamic taunts providing no public disorder results; a law in which good and decent people can be used as fodder to promote a cause or promote an action for which they are not responsible and over which they have no direct control; a law which demeans the dignity of the persons adversely affected by those asserting their right to freedom of expression in a disorderly or offensive manner; a law in which the mores or standards of society are set without regard to the reasonable expectations of citizens in a free and democratic society; and a law marked by a lack of empathy by the sensibilities, feelings and emotional frailties of people who can be deeply and genuinely affronted by language and behaviour that is beyond the pale in a civil and civilised society.

In some states, a seller who repossesses a property must reimburse the buyer for the fair value of improvements to the house, as well as a reasonable amount for rent.

The value of a spouse's share of marital property and the income it generates, the income and earning capacity of each spouse, and the reasonable budgetary needs — these factors remain the most influential in Pennsylvania alimony cases.

Specific requirements: (all must apply) You take reasonable steps to keep your baggage safe and intact, and to recover it; and You file a report giving a description of the property and its value with the appropriate local authorities, common carrier, hotel or tour operator within 24 hours of the loss.

As property values begin to rebound from the recession, it is reasonable to expect that there will be an increasing number of renters paying higher rents to landlords.

In making an equitable apportionment of marital property, the family court must give weight in such proportion as it finds appropriate to all of the following factors: (1) the duration of the marriage along with the ages of the parties at the time of the marriage and at the time of the divorce; (2) marital misconduct or fault of either or both parties, if the misconduct affects or has affected the economic circumstances of the parties or contributed to the breakup of the marriage; (3) the value of the marital property and the contribution of each spouse to the acquisition, preservation, depreciation, or appreciation in value of the marital property, including the contribution of the spouse as homemaker; (4) the income of each spouse, the earning potential of each spouse, and the opportunity for future acquisition of capital assets; (5) the health, both physical and emotional, of each spouse; (6) either spouse's need for additional training or education in order to achieve that spouse's income potential; (7) the non marital property of each spouse; (8) the existence or nonexistence of vested retirement benefits for each or either spouse; (9) whether separate maintenance or alimony has been awarded; (10) the desirability of awarding the family home as part of equitable distribution or the right to live therein for reasonable periods to the spouse having custody of any children; (11) the tax consequences to each or either party as a result of equitable apportionment; (12) the existence and extent of any prior support obligations; (13) liens and any other encumbrances upon the marital property and any other existing debts; (14) child custody arrangements and obligations at the time of the entry of the order; and (15) such other relevant factors as the trial court shall expressly enumerate in its order.

Also we have seen reasonable appreciation inspite of this strategy ie 2.5 to 5 % gains last few years and I some case much more with no property declining in value.

The most banks, and particularly Humongus make a distinction between the market value of a property (the value of a property in relation to similar properties in the area and the price that the buyer and seller agree is «fair» and «reasonable») and the properties value for mortgage purposes (the discounted value that the bank will accept in granting a mortgage).

While packing up to leave, I summarized their expectations by asking if they felt it reasonable to expect a highly experienced broker who is confident in his self - worth and truly cares about his clients, to accept an over-priced, minimum term listing of a sub-standard property owned by someone who doesn't seem to value loyalty or expertise, and with a heavily discounted commission rate.

Ross continued with what he must regard as more of his value argument with: ``... I summarized their expectations by asking if they felt it reasonable to expect a highly experienced broker who is confident in his self - worth and truly cares about his clients, to accept an over-priced, minimum term listing of a sub-standard property owned by someone who doesn't seem to value loyalty or expertise, and with a heavily discounted commission rate.»

Likewise, when a government entity exercises its eminent domain power to condemn private property for public use, the government should provide - as required by the 5th Amendment - «just» compensation to affected property owners that covers not only the value of the property condemned but also all other reasonable and necessary costs generated by the condemnation action including, but not limited to, hiring legal counsel, obtaining temporary housing, lost business revenue, severance damages.

The reason why the so - called «discounters» have business right now is because so many sales of homes are in the unfortunate position of being under water (the mortgage amounts owing thereon are higher than what the current market values are, or, to put it another way, the mortgage amounts owing are higher than what one can reasonable expect to get when one sells said property (ies).

You do have the ability to go into Court to make the bank prove their $ 700,000 bid was reasonable compared to the value of the property.

The cap rate formula commonly serves two useful real estate investing purposes: To calculate a property's cap rate, or by transposing the formula, to calculate a property's reasonable estimate of value.

Certificate of Reasonable Value (CRV) Once the appraisal has been performed on a property being bought with a VA loan, the Veterans Administration issues a CRV.

Note: Borrowers are not eligible for a new FHA - insured mortgage if they pursued a short - sale agreement on their principal residence simply to take advantage of declining market conditions to purchase a similar or superior property within a reasonable commuting distance at a reduced price, as compared with current market value.

Supports eminent domain authority only for a public use (e.g., ownership by a public entity), as well as a broad interpretation of «just» compensation, to include all reasonable and necessary costs which result from exercise of such authority, not just the value of the property condemned.

The appraiser works for the bank (even though you are paying for it) and the responsibility is to form an unbiased (as much as reasonable) opinion about the fair market value of the property based on numbers.

Fair Market Value: The price at which property would change hands between a buyer and a seller, neither having to buy or sell, and both having reasonable knowledge of all necessary facts.