Residential loan means any of the following:
Residential loan means any loan that is secured by a mortgage against residential real property, regardless of whether the property owner lacks sufficient equity in the property so as to render the loan partially or entirely unsecured.
Residential loan means any Loan that is used to acquire any dwelling unit that within a reasonable period of time is to be used (determined at the time the loan is made) as the principal residence of the Eligible Borrower.
Examples of Residential loan in a sentence
Residential loan — a loan made for the purpose of acquiring a principal residence, which is, or within a reasonable time shall be, the principal residence of the participant.
Residential loan originations primarily consist of rural development, FHA and VA loans.
Within such period investors may notify the Distributor or the relevant Sub-Distributor of their withdrawal without payment of any charge or commission.
Residential loan originations of $2,279.2 million in 1995 were up slightly from the 1994 level of $2,064.4 million.
Parents of eligiblestudents are encouraged to become involved in the school’s Title IA program efforts.
More Definitions of Residential loan
Residential loan means any kind of credit facility, as determined by the competent authority, secured on immovable property used or intended for residential purposes;
Residential loan means a loan the
Residential loan means a loan for the acquisition, construction, improvement or rehabilitation of residential housing and, if the loan is for acquisition or construction of residential housing, that is secured by a first lien on real property located in the state and improved by a newly constructed, exist- ing or rehabilitated residential structure for lower income persons or families, or unim- proved if the proceeds of such loan shall be used for the erection of a residential struc- ture thereon, whether or not such loan is insured or guaranteed by the United States or any instrumentality or agency thereof. “Residential loan” includes an insured or guaranteed loan for the acquisition of manu- factured housing or for the acquisition of a lot described in ORS 92.840 by a manufac- tured dwelling park tenant. The insured or guaranteed loan need not be secured by a first mortgage on real property but shall be secured by a security interest of first prior- ity. “Residential loan” also includes a loan for the purchase of a proprietary lease and related cooperative shares in a housing co-
Residential loan means an individual Residential Loan sold by Seller and purchased by Buyer pursuant to this Agreement, provided that such loan is also identified on the Master Asset Transfer Schedule attached to the Purchase Commitment/Settlement delivered on or prior to the Closing Date.
Residential loan means a loan for the acquisition, construction, improvement or rehabilitation of residential housing and, if the loan is for acquisition or construction of residential housing, which is secured by a first lien on real
Residential loan means that certain acquisition and renovation loan from Lenders to The Private Residences, LLC, a Delaware limited liability company (“Residential Borrower”), in the maximum principal amount of $58,800,000.
Residential loan means any Loan set forth on Schedule 4.15A that is secured by a mortgage or other security interest on either (a) a primary residence whether or not it is occupied by the respective Obligor or (b) stock of a cooperative housing association which is appurtenant to the lease of a primary residence whether or not it is occupied by the Obligor.