Conventional financing definition

Conventional financing means financing provided through either the Federal National Mortgage Association (“Fannie Mae”) home loan program or the Federal Home Loan Mortgage Corporation (“Freddie Mac”) home loan program.
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Conventional financing means financing provided through a Federal National Mortgage Association (“Fannie Mae”) home loan program.
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Conventional financing means, for determining a down payment assistance payment, a loan or promissory note secured by a mortgage made by a financial institution and not insured or guaranteed by an agency of the state or federal government, or any other private insurer.
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Examples of Conventional financing in a sentence

  • Buyers obtaining Conventional financing herby agrees to pay any differences between the appraised value and sales price.

  • Permanent Termination Policy INDIANA HOUSING AND COMMUNITY DEVELOPMENT AUTHORITY FIRST STEP CONVENTIONAL PROGRAMPREAMBLE The First Step Conventional Program (the “Program”) is a first-time homebuyer program that provides down payment assistance (“DPA”) using Conventional financing.

  • Verification of current FICO credit scores, for Conventional financing, must be verified with the Master Servicer.

  • Verification of the current DTI, for Conventional financing, must be verified with the Master Servicer.


More Definitions of Conventional financing

Conventional financing means, for determining a down payment assistance payment, a loan or promissory note secured by a mortgage made by a financial institution and not
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Conventional financing means financing provided through a Federal Home Loan Mortgage Corporation (“Freddie Mac”) home loan program.
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Related to Conventional financing

  • Conventional Loan A Mortgage Loan that is not insured by the United States Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs.

  • Conventional service and filing means service and filing of documents pursuant to the CCP and CRC absent these E-Filing Rules, i.e. using paper format.

  • Conventional Mortgage means a mortgage for which the principal amount, at the time of commitment, together with all other equal and prior ranking mortgages: (a) in the case of a property purchase, does not exceed the lower of 75% of the purchase price of the underlying real property securing the mortgage and 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser; and (b) in the case of a refinancing, does not exceed 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser at the time of such refinancing.