Sentences with phrase «required appraisal requirements»

Not exact matches

The program has flexible credit and minimal documentation requirements and no required appraisal.

The term loan requires compliance with certain covenants including semi-annual third - party slot appraisal valuation requirements.

No appraisal is required for these programs, and, often, income and asset documentation requirements are waived.

But they do require a property appraisal to be conducted, and it has some inspection requirements built into it.

When asked about their own appraisal, 48 % of respondents said that they believed that linking pay progression to appraisal had caused them significant extra work, with 26 % saying that they had been required to produce additional evidence beyond that necessary for appraisal purposes to demonstrate that they had met progression requirements.

TCTA and several others registered strong objections to this requirement in the rules in public comment with TCTA noting that the commissioner does not have statutory rulemaking authority in particular to require locally - developed and adopted teacher appraisal systems to include student performance defined in this way.

As a condition of Texas» waiver from NCLB requirements — necessary to ensure exemption from unattainable accountability standards and the flexibility of federal funds — USDE had required the state to ensure that student growth at the individual teacher level would be a significant component of teacher appraisals.

Specifically, says HUD, «lenders may be required to indemnify HUD if they failed to: (1) verify and analyze the creditworthiness, income, and / or employment of the borrower; (2) verify the source of assets brought by the borrower for payment of the required downpayment and / or closing costs; (3) address property deficiencies identified in the appraisal affecting the health and safety of the occupants or the structural integrity of the property; or (4) ensure that the property appraisal satisfies FHA appraisal requirements.

The HARP program also offers a streamlined refinance process - with reduced documentation requirements and in some cases and appraisal is not required.

A financial institution may also go beyond the requirements of the agencies» regulations to require an appraisal in certain instances (e.g., when the institution's portfolio risk increases, on higher - risk real estate - related financial transactions, etc.).

Due to increased appraisal turn - times and significant overhaul to updated loan disclosure forms and regulatory waiting periods, best industry practice is to add 15 days to standard 30 day timelines for non-cash buyers that require mortgage financing (i.e. contractual closing date of approximately 45 days if no additional contingencies or requirements).

Transactions exempt from the appraisal requirement would instead require financial institutions to obtain an evaluation.

I just sold my latest flip and even though it was outside the 90 days and the buyer was getting a conventional loan they still required the 2d appraisal and requirement after requirement.