First Mortgage Loan definition

First Mortgage Loan. A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.
First Mortgage Loan means a Mortgage Loan secured by a First Mortgage.
First Mortgage Loan. A Mortgage Loan that is secured by a first lien on the Mortgaged Property securing the related Mortgage Note.

Examples of First Mortgage Loan in a sentence

  • My Choice Texas Home is a TDHCA First mortgage loan program that is available to low and moderate income First time and non-First-time homebuyers.

  • Changes to the First mortgage loan amount will result in a change to the 2NDloan amount.


More Definitions of First Mortgage Loan

First Mortgage Loan and "Second Mortgage Loan". The term "Home Equity Loan" includes any Home Equity Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is REO Property prior to such Property's disposition by the Trust. Any home equity loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Depositor, in fact was not transferred and assigned to the Trust for any reason whatsoever, including, without limitation, the incorrectness of the statement set forth in Section 3.04(b)(x) hereof with respect to such home equity loan, shall nevertheless be considered a "Home Equity Loan" for all purposes of this Agreement.
First Mortgage Loan means a loan or an extension of credit, including, but not limited to, an extension of credit pursuant to a contract or an assigned contract for the sale of goods or services, made to a natural person, the proceeds of which are to be used primarily for personal, family or household purposes, and which is secured by a first mortgage upon any interest in one-to-four-family residential owner-occupied real property located in this state which is not subject to any prior mortgages and includes the renewal or refinancing of an existing first mortgage loan;
First Mortgage Loan means a residential mortgage loan that is secured by a first mortgage;
First Mortgage Loan and "Second Mortgage Loan." The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is REO Property prior to such Property's disposition by the Trust. Any mortgage loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Company, in fact was not transferred and assigned to the Trust for any reason whatsoever shall nevertheless be considered a "Mortgage Loan" for all purposes of this Agreement.
First Mortgage Loan. A Mortgage Loan that is secured by a first lien on the Mortgaged Property securing the related Mortgage Note. Fitch: Fitch, Inc., or any successor thereto.
First Mortgage Loan. A Mortgage Loan that is secured by a first lien on the Mortgaged Property securing the related Mortgage Note. Fitch: Fitch, Inc., or any successor thereto, located at One State Strexx Xxxxx 00xx Xxxxx, Xxx Xxxx, XX 00000.
First Mortgage Loan and "Second Mortgage Loan". The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Mortgaged Property which is REO Property prior to such Mortgaged Property's disposition by the Trust. Any mortgage loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Sponsor, in fact was not transferred and assigned to the Trust for any reason whatsoever shall nevertheless be considered a "Mortgage Loan" for all purposes of this Agreement. The term "Mortgage Loan" includes the terms "Initial Mortgage Loan," and "Subsequent Mortgage Loan".