Examples of Mortgage Loan Program in a sentence
Mortgage Loan Program: A type of Mortgage Loan, the terms and conditions of which are described in the Guidelines, and which can be offered to Applicants as an eligible Mortgage Loan under the terms of this Agreement.
Underwrite: "Underwrite" or "Underwriting" means the examination of an Applicant's Application, credit history, income and financial resources, and the real estate collateral to be used as security for the Mortgage Loan, using the underwriting standards of the particular Mortgage Loan Program for the purposes of determining whether to extend credit to an Applicant.
Broker shall be responsible for assuring that each Application submitted to MK Lending complies with all the terms and conditions of the applicable Mortgage Loan Program at the time Broker Registers the Mortgage Loan with MK Lending.
A HUD approved Consultants report is required with all 203(k) Standard Rehabilitation Mortgage Loan Program submissions.
The PFRS Mortgage Loan Program has its own subordinate loan guidelines.