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, 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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Conventional financing means financing provided through a Federal National Mortgage Association (“Fannie Mae”) home loan program.
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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.

  • 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.

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

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

  • Conventional financing will be consid- ered a private contribution.

  • The Next Home Program is a program that provides down payment assistance (“DPA”) that can be used with either FHA or Conventional financing.

  • DPA funds may be provided with FHA financing or Conventional financing.

  • You may only hold one VA loan at a time.• Conventional financing - fixed-rate mortgages that are not insured or guaranteed by the federal government and will require a down payment, excellent credit score, and verified income above a lender determined level.• FHA - mortgage loan offered by the Federal Housing Administration with lower down payment requirements, credit score, and upfront closing costs.

  • Conventional financing will be used to fund a portion of the costs, but grant funding is needed to complete this project.

  • The K-Flex Purchase & Improvement with K-FIT loan program provides Conventional financing only, with up to $30,000 for homebuyers to purchase and improve a home within the same transaction (see the Chapter 3 for Purchase & Improvement program details).


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
Sample 1
Conventional financing means financing provided through a Federal Home Loan Mortgage Corporation (“Freddie Mac”) home loan program.
Sample 1
Conventional financing means, for determining a down payment assistance payment, a loan or promissory note se- cured by a mortgage made by a financial institution and not in- sured or guaranteed by an agency of the state or federal govern- ment, or any other private insurer.
Sample 1

Related to Conventional financing

  • Additional Financial Centre(s means the city or cities specified as such in the relevant Final Terms;

  • Educational facility means a structure available for use as a dormitory or other housing facility, including housing facilities for students, a dining hall, student union, administration building, academic building, library, laboratory, research facility, classroom, athletic facility, health care facility, and maintenance, storage, or utility facility, and other structures or facilities related thereto or required or useful for the instruction of students or the conducting of research or the operation of an institution for higher education, including parking and other facilities or structures essential or convenient for the orderly conduct of the institution for higher education, and shall include lands and interests in lands and landscaping, site preparation, furniture, equipment, machinery, and other similar items necessary or convenient for the operation of a particular facility or structure in the manner for which its use is intended, and any improvements necessary to a particular facility to make the facility more energy efficient. Educational facility does not include items as books, fuel, supplies, or other items the costs of which are customarily deemed to result in a current operating charge and does not include any facility used or to be used for sectarian instruction or as a place of religious worship, nor a facility which is used or to be used primarily in connection with a part of the program of a school or department of divinity for a religious denomination.

  • Recreational facility means any enclosed, indoor area used by the general public and used as a