Sentences with phrase «time of loan closing»

In the meantime, HUD has issued a ruling essentially saying that for reverse mortgages closed after August 4th of this year, a non-borrowing spouse can remain in the house after the borrowing spouse dies, assuming the couple was married at the time of the loan closing, occupied and continues to occupy the house as a primary residence and the non-borrowing spouse is listed on the loan documents.

Homes must have had a residential energy audit within the past five years or have one scheduled at the time of loan closing.

A VA funding fee of 2.00 percent of the loan amount (2.75 percent for reservists) is also payable at the time of loan closing.

This total can not exceed the total the Principal Limit at the time of loan closing.

You must maintain Hazard Insurance on your property in an amount that is equal to at least 100 % of the insurable value of the improvements at the time of your loan closing.

The mortgage insurance premium is considered by the FHA to be a «fully earned premium» at the time of the loan closing and these mortgage insurance premiums are non-refundable.

Conversely, if you were considered to be in a flood zone at the time of your loan closing, but FEMA updated your geographic area to be a non-risk zone, then you may cancel your Flood Insurance once your loan servicer has been formally notified of the change to your geographic area.

These fees will need to be paid by the buyer at the time of the loan closing.

The portfolio was over 95 percent occupied at the time of the loan closing.