ARM Loan definition

ARM Loan. A Mortgage Loan, if any, the Mortgage Interest Rate of which is subject to periodic adjustment in accordance with the terms of the related Mortgage Note.

ARM Loan. A Mortgage Loan as to which the related Mortgage Note provides that the Mortgage Interest Rate may be adjusted periodically.

ARM Loan. A first lien, conventional, 1-4 family residential Mortgage Loan with an interest rate which adjusts from time to time in accordance with the related Index and is subject to a Periodic Rate Cap and a Lifetime Rate Cap and which may permit conversion to a fixed interest rate.

Examples of ARM Loan in a sentence

• CRA Loans require a 3 percent down payment.• Adjust Rate Mortgage (ARM) Loan: down payment requirements for ARM Loans can vary from no down payment to 5 percent.

• The EPA also requires sites to report the worst case distance; in this case the complete discharge of a chlorine rail car in 10 minutes, under stable atmospheric conditions unfavorable for dispersion.

• GuidanceFor information about the ARM Loan and SARM Loan conversion process, refer to Frequently Asked Questions (FAQs) Exercising the Fixed Rate Conversion Option for an Adjustable Rate Mortgage Loan (ARM Loan) or a Structured ARM Loan (SARM Loan).

• Figures 3a and 3b depict the temperature and velocity distributions, respectively, vis-à-vis the flame front surface for the steady jet diffusion flame without air preheating (specific operating conditions mentioned in the figures).

• Ineffective Controls Over High Option ARM Loan Concentration Deficient Underwriting The rapid growth in BankUnited’s option ARM loan portfolio began in 2004.

More Definitions of ARM Loan

ARM Loan. An "adjustable rate" Home Equity Loan, the Loan Rate of which is -------- subject to periodic adjustment in accordance with the terms of the Mortgage Note.

ARM Loan means a Mortgage Loan with a Mortgage Rate that is adjustable pursuant to the terms of the related Mortgage Note.

ARM Loan means a Mortgage Loan that is an adjustable rate loan.

ARM Loan. An "adjustxxxx xate" Mortxxxx Xxan, the Note Rate of which is subject to periodic adjustment in accordance with the terms of the Mortgage Note.

ARM Loan means an adjustable-rate Mortgage Loan -- including, without limitation all of the "products" listed at the end of Schedule 4.3 -- that is a (a) Conventional Loan that complies with all applicable requirements for purchase under either the FNMA or FHLMC standard form of conventional- mortgage-purchase contract, (b) Jumbo Loan, or (c)

ARM Loan means, coterminous with the meaning of the term “adjustable- rate mortgage,” a closed-end consumer credit transaction secured by the consumer’s principal dwelling in which the annual percentage rate may increase after consummation, as defined in Regulation Z, 12 C.F.R.

ARM Loan. An "adjustable ratx" Xxxtgage Loax, xxx Note Rate of which is subject to periodic adjustment in accordance with the terms of the Mortgage Note.