Conventional financing definition

Conventional financing means financing provided through either the Federal National Mortgage Association (“Fannie Mae”) home loan program or the Federal Home Loan Mortgage Corporation (“Freddie Mac”) home loan program.
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Conventional financing means financing provided through a Federal National Mortgage Association (“Fannie Mae”) home loan program.
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Conventional financing means, for determining a down payment assistance payment, a loan or promissory note secured by a mortgage made by a financial institution and not insured or guaranteed by an agency of the state or federal government, or any other private insurer.
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Examples of Conventional financing in a sentence

  • Buyers obtaining Conventional financing herby agrees to pay any differences between the appraised value and sales price.

  • Verification of current FICO credit scores, for Conventional financing, must be verified with the Master Servicer.

  • Conventional financing is unavailable for the economic development project on reasonably equivalent terms and condi- tions.

  • Conventional financing involves market-rate loans provided by private lending institutions such as banks, mortgage companies, savings and loans, and thrift institutions.

  • Conventional financing, inadequately documented in-kind financing, and local infrastructure projects not specifically directed at the business are not considered local effort.b. Community need.

  • Verification of current FICO credit scores, for FHA and Conventional financing, must be verified with the Master Servicer.

  • Conventional financing was freely available for Schering-Plough to meet its objectives, but it did not undertake those taxable transactions.

  • Conventional financing is unavailable because conventional lenders do not believe that the cash flow from the projects will be sufficient to service the debt.

  • Conventional financing requirements include a clean credit record and no bankruptcies or foreclosures.

  • Conventional financing involves market‐rate loans provided by private lending institutions such as banks, mortgage companies, savings and loans, and thrift institutions.


More Definitions of Conventional financing

Conventional financing means, for determining a down payment assistance payment, a loan or promissory note secured by a mortgage made by a financial institution and not
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Conventional financing means financing provided through a Federal Home Loan Mortgage Corporation (“Freddie Mac”) home loan program.
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Related to Conventional financing

  • Additional Financing has the meaning set forth in Section 16.3(a).

  • Conventional filtration treatment means a series of processes including coagulation, flocculation, sedimentation, and filtration resulting in substantial particulate removal.

  • Lead Member of the Bidding Consortium or “Lead Member” shall mean a company who commits at least 26% equity stake in the Project, meets the technical requirement as per Clause 2.1.2and so designated by other Member(s) in Bidding Consortium;

  • New Financing means the Indebtedness incurred or to be incurred by Holdings and its Subsidiaries under the Credit Documents (assuming the full utilization of the Revolving Commitments) and all other financings contemplated by the Credit Documents, in each case after giving effect to the Transaction and the incurrence of all financings in connection therewith.