Examples of Underwriting Criteria in a sentence
Manufactured Housing Numeric – Integer 1 99 Manufactured Housing Loans Only See Codes 0 = No 1 = Yes 99 = Unavailable MH-13 Defined Underwriting Criteria (Y/N) An indicator of whether the loan was made in accordance with a defined and/or standardized set of underwriting criteria.
Underwriting Criteria: Tax-exempt bond financed projects must also meet the underwriting criteria adopted from time to time by the State Bond Commission for multifamily rental housing financed with bonds issued pursuant to an allocation of volume cap authority approved by the State Bond Commission.
Each application that successfully meets the Selection Criteria (if applicable) and Threshold Factors requirements will be underwritten using the Underwriting Criteria outlined in Section 5 of the QAP to determine the amount of credits needed to financially stabilize the development.
Projects may not receive more than two scores of “0” (Zero) on any of the Underwriting Criteria elements.
As noted herein, the Board will have the sole and absolute discretion for determining, and otherwise adjusting, its Underwriting Criteria from time to time.