FHA Financing definition

FHA Financing means financing provided through the Federal Housing Administration of the United States Department of Housing and Urban Development (“FHA”) home loan program.
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Examples of FHA Financing in a sentence

  • Minimum/Maximum Loan:Example:⚫ Sale Price $150,000⚫ Maximum Assistance: $15,000⚫ $15,000 No interest/No Payment Soft Second⚫ FHA Financing requires 3.5% Down payment of $5,250.00⚫ First Mortgage amount $129,750.00⚫ Assuming Interest rate 4.0%; Property taxes $3,178.00; Property Insurance$700.00⚫ Monthly Housing Payment: $1,006.00Minimum of $1,000, up to $15,000.

  • Guidance for Use of FHA Financing on Homes with Existing PACE Liens and Flexible Underwriting through Energy Department’s Home Energy Score.

  • Developing a Cooperative through FHA Financing: A Model that Works for Individuals, Developers and the Community.

  • FHA Financing 203(b) Fixed RateConventional Financing 95% with Mortgage Insurance *Monthly mortgage insurance premiums are calculated on the average annual principal balance, i.e., as the amount you owe on the loan decreases each year so does the amount of the monthly premium **Based on an upfront mortgage insurance premium rate of 1.75%.

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  • Minimum/Maximum Loan:Example: Sale Price $150,000 Maximum Assistance: $15,000 $15,000 No interest/No Payment Soft Second FHA Financing requires 3.5% Down payment of $5,250.00 First Mortgage amount $129,750.00 Assuming Interest rate 4.0%; Property taxes $3,178.00; Property Insurance$700.00 Monthly Housing Payment: $1,006.00Minimum of $1,000, up to $15,000.

  • Verification of the current DTI, for FHA Financing, must be verified with the Master Servicer.

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

  • Example:⚫ Sale Price $150,000⚫ Maximum Assistance: $15,000⚫ $15,000 No interest/No Payment Soft Second⚫ FHA Financing requires 3.5% Down payment of $5,250.00⚫ First Mortgage amount $129,750.00⚫ Assuming Interest rate 4.0%; Property taxes $3,178.00; Property Insurance$700.00⚫ Monthly Housing Payment: $1,006.00Type of Project:Homes redeveloped under the National Foreclosure Settlement Program.

  • Funding will be sought through a myriad of sources including, but not limited to, Choice Neighborhood Initiatives (CNI), Low Income Housing Tax Credits, Historic Tax Credits, New Market Tax Credits, Tax-Exempt Bonds, FHA Financing, and private financing.

Related to FHA Financing

  • Debt Financing has the meaning set forth in Section 5.7.

  • Project Financing means: (a) one or more loans, leases, equity and/or debt financings, together with all modifications, renewals, supplements, substitutions and replacements thereof, the proceeds of which are used to finance or refinance the costs of the Customer Facility, any alteration, expansion or improvement to the Customer Facility, the purchase and sale of the Customer Facility or the operation of the Customer Facility; (b) a power purchase agreement pursuant to which Interconnection Customer’s obligations are secured by a mortgage or other lien on the Customer Facility; or (c) loans and/or debt issues secured by the Customer Facility.

  • Permitted First Priority Refinancing Debt means any secured Indebtedness incurred by the Borrower in the form of one or more series of senior secured notes or senior secured loans; provided that (i) such Indebtedness is secured by the Collateral on a pari passu basis with the Obligations and is not secured by any property or assets of Holdings and its Subsidiaries other than the Collateral, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness in respect of Term Loans, (iii) such Indebtedness does not mature prior to the Maturity Date of the Refinanced Debt and such Indebtedness shall have a Weighted Average Life to Maturity that is not shorter than the Refinanced Debt, (iv) to the extent applicable, the security agreements relating to such Indebtedness are substantially the same as the Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (v) no Restricted Subsidiary guarantees such Indebtedness unless it is a Subsidiary Guarantor (or becomes a Subsidiary Guarantor substantially concurrently with the incurrence of such Indebtedness); provided that, if, at any time, such Restricted Subsidiary ceases to be a Guarantor, it shall not guarantee such Indebtedness, (vi) the other terms and conditions of such Indebtedness (excluding pricing, fees, rate floors, premiums, optional prepayment or optional redemption provisions) reflect market terms and conditions at the time of incurrence and issuance; provided, that, to the extent such terms and documentation are not substantially identical to the Indebtedness being refinanced, (x) such terms (taken as a whole) shall be less favorable to the providers of such Permitted First Priority Refinancing Debt than those applicable to the Indebtedness being refinanced, except, in each case, for financial or other covenants or other provisions contained in such Indebtedness that are applicable only after the then Latest Maturity Date, or (y) such documentation shall be reasonably acceptable to the Administrative Agent and (vii) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to a Pari Passu Intercreditor Agreement and the Administrative Agent shall have become a party to the Pari Passu Intercreditor Agreement (or any then-existing Pari Passu Intercreditor Agreement shall have been amended or replaced in a manner reasonably acceptable to the Administrative Agent, which results in such Senior Representative having rights to share in the Collateral as provided in clause (i) above). Permitted First Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • Financing has the meaning set forth in Section 5.7.