Examples of Primary Lender in a sentence
By reviewing and crosschecking all the Primary Lender information, the final Program loan amount approved will fall within the affordability parameters of the Program.
When Primary Lender requirements are met, Program funds are deposited into escrow, with required closing instructions and loan documents.
Documents from Primary Lender After initial review of the qualified homebuyer's application packet, the Program Operator will request any additional documents needed.
They should submit a complete application packet with all the Sponsor’s Program loan documents executed as well as all the information from the Primary Lender.
The Primary Lender should submit: 1) accepted property sales contract with proper seller notification; 2) mortgage application with good faith estimates and first mortgage disclosures; 3) full mortgage credit report and rent verification; 4) current third party income verifications and verifications of assets; 5) homeownership education certificate, if applicable; and 6) signed underwriting transmittal summary and final signed loan application, both from primary lender.