Down Payment Assistance Loans definition

Down Payment Assistance Loans means those loans designated as such and provided by the Authority (not applicable for MCC stand-alone product and Honor Our Vets Programs).
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Down Payment Assistance Loans means those loans designated as such and provided by the Authority.
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Down Payment Assistance Loans means a second mortgage loan underwritten and processed by a Participant in connection with a Mortgage Loan, which complies with the Agency’s Down Payment Assistance Loan Guidelines, which will be funded by the Agency at closing.
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Examples of Down Payment Assistance Loans in a sentence

  • For Government Insured Loans and Down Payment Assistance Loans: Participating Lenders must deliver the properly endorsed original note to NJHMFA.

  • In connection with Mortgage Loans only, Participant agrees to underwrite and process Down Payment Assistance Loans, and to provide notice, as required in the Down Payment Assistance Loan Guidelines, to the Agency of amounts required from time to time to close and fund such Down Payment Assistance Loans.

  • The Parties hereto have voluntarily agreed to define their rights, liabilities and obligations respecting with sale and purchase of the Mortgage Loans and Down Payment Assistance Loans exclusively in contract pursuant to the express terms and provisions of this Agreement and the parties hereto expressly disclaim that they are owed any duties or are entitled to any remedies not expressly set forth in this Agreement.

  • Participant may terminate this Agreement upon thirty (30) days written notice to Agency, provided that Participant’s obligations to deliver Mortgage Loans which have been reserved, to repurchase Mortgage Loans and Down Payment Assistance Loans and to indemnify Agency in connection with Mortgage Loans previously originated by it and sold to Servicer shall survive termination of this Agreement.

  • This Agreement contains the entire agreement of the parties respecting the sale and purchase of the Mortgage Loans and Down Payment Assistance Loans and the processing and issuance of MCCs and the Participant’s participation in the Agency’s Program and supersedes all prior agreement among the parties respecting the Participant’s participation in the Agency’s Program.

  • Down Payment Assistance Loans from DCHFA are not eligible for subordination upon a refinance by the lender or any third party.

  • The Parties agree to coordinate and collaborate on the investment of any funds that may be recaptured from the Down Payment Assistance Loans issued during the period of October 1, 1998 through September 30, 2008 attached as in Exhibit B (the "Exhibit B DPA Loans") for housing rehabilitation and other strategies provided in the County’s SHIP-LHAP and in accordance with SHIP criteria.

  • Down Payment Assistance Loans: Loans prepared and recorded in the name of the HFA that were funded by the County through the State Housing Initiative Partnership funds or from other sources.

  • Source: City of Moreno ValleyThe Housing Successor has the following loan receivables that were transferred from the former Agency in 2012:• Down Payment Assistance Loans: 14 of the 22 loans issued by the former Agency before dissolution in 2012 and included on the HAT remain.

  • This information will be uploaded via http://surveys.ope.ed.gov/security by the Financial Aid Administrator.


More Definitions of Down Payment Assistance Loans

Down Payment Assistance Loans means those loans designated as such and provided by the Authority (not applicable for MCC stand-alone product, Affordable Home and My Home).
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Down Payment Assistance Loans means certain second or third lien mortgage loans financed with Bond proceeds under the 1976 General Resolution that (1) will have a zero percent (0%) interest rate, (2) will be secured by a second or third mortgage lien on the property being financed so long as the first mortgage lien is securing a Mortgage Loan pledged under the 1976 General Resolution, (3) will provide that principal thereof will be payable only upon sale, transfer or refinancing of the mortgaged property or upon the mortgaged property ceasing to be the principal residence of the Mortgagor or otherwise used in a manner not permitted for residences financed with the proceeds of qualified mortgage revenue bonds, (4) will permit prepayment at any time without penalty or premium, and (5) some or all amounts due thereunder may be forgiven, provided such forgiveness is consistent with the Program Cash Flow Certificate last filed by the Authority with the Trustee and the Rating Agency. In addition, certain "Down Payment Assistance Loans" satisfy all of the foregoing requirements except that they are not financed with Bond proceeds under the 1976 General Resolution; notwithstanding any provision to the contrary herein, such non-Bond financed Down Payment Assistance Loans do not constitute "Program Obligations" under the 1976 General Resolution.
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Related to Down Payment Assistance Loans

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Cash Advance means the amount requested by you and advanced to you by any method approved by us according to the terms of this Agreement in cash or cash equivalent items (including, but not limited to, money orders, travelers checks, lottery tickets, casino chips, vouchers redeemable for cash, or racetrack xxxxxx).

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • Note Payment Sequence means the application of Interest Proceeds in accordance with the Interest Proceeds Priority of Payments or the application of Principal Proceeds in accordance with the Principal Proceeds Priority of Payments, as applicable, in the following order:

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Optimal Interest Remittance Amount For each Distribution Date, the product of (A) (x) the weighted average of the Net Mortgage Rates for the Mortgage Loans as of the first day of the related Collection Period divided by (y) 12 and (B) the Aggregate Loan Balance as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Balloon Payments means with respect to any loan constituting Indebtedness, any required principal payment of such loan which is payable at the maturity of such Indebtedness, provided, however, that the final payment of a fully amortized loan shall not constitute a Balloon Payment.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Application for Final Payment means Contractor’s final invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted, amounts owing to adjustments to the final Contract Sum resulting from approved change orders, and release of remaining Contractor’s retainage.

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Mandatory Guest Fee means any separate fee that a patron or guest is charged for in addition to the base room rate for a guest room, including but not limited to resort fees, facility fees, destination fees, amenity fees, urban destination fees, or any other similar fee. Mandatory Guest Fees do not include employee gratuities, state or local mandatory taxes, and other tax-like fees and assessments that are levied on a stay, as determined by us, that are passed through to a third party (such as tourism public improvement district fees, tourism or improvement assessments, and convention center fees).

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.