Mortgage Loan Program definition

Mortgage Loan Program means the criteria established by Lender and/or an Investor, as reflected by Lender’s and/or Investors’ Guidelines, setting forth those Mortgage Loans available to eligible, prospective borrowers for Closing in accordance with the terms of this Agreement.

Mortgage Loan Program means the criteria established by Lender from time to time by the terms of Lender’s rate sheets and underwriting guidelines prescribing certain Mortgage Loans which can be offered to prospective Borrowers as a Mortgage Loan eligible for

Mortgage Loan Program means a type of Mortgage Loan, the terms and conditions of which are described in the Guide, and which can be offered to prospective Borrowers as an eligible Mortgage Loan under the terms of this Agreement.

Examples of Mortgage Loan Program in a sentence

• Broker shall be responsible for assuring that each Application submitted to MK Lending complies with all the terms and conditions of the applicable Mortgage Loan Program at the time Broker Registers the Mortgage Loan with MK Lending.

• Underwrite: "Underwrite" or "Underwriting" means the examination of an Applicant's Application, credit history, income and financial resources, and the real estate collateral to be used as security for the Mortgage Loan, using the underwriting standards of the particular Mortgage Loan Program for the purposes of determining whether to extend credit to an Applicant.

• Mortgage Loan Program: A type of Mortgage Loan, the terms and conditions of which are described in the Guidelines, and which can be offered to Applicants as an eligible Mortgage Loan under the terms of this Agreement.

• The thirty-year term is both a minimum and maximum term for Mortgage Loans except for down payment assistance loans and PFRS Mortgage Loan Program Loans.

• The PFRS Mortgage Loan Program allows for terms less than thirty (30) years with a maximum of thirty (30) years.

More Definitions of Mortgage Loan Program

Mortgage Loan Program means the mortgage loan financing program described in the Mortgage Loan Origination Guidelines.

Mortgage Loan Program means any program established by Seller and made available by Xxxxxx Xxx (FNMA), Xxxxxxx Mac (FHLMC), Federal Housing Authority (FHA), Veterans Administration (VA) or other programs agreed to by Seller and Purchaser. (u)

Mortgage Loan Program means a type of Mortgage Loan, the terms and conditions of which are described in the Correspondent Manual, and which can be offered to prospective Borrowers as an eligible Mortgage Loan under the terms of this Agreement.

Mortgage Loan Program means the criteria established by Lender from time to time by the terms of Lender’s rate sheets and underwriting guidelines prescribing certain Mortgage Loans which can be offered to prospective Borrowers as a Mortgage Loan eligible for Closing in accordance with the terms of this Agreement.

Mortgage Loan Program. The program under which the related Mortgage Loan was originated, which program shall be one of the following: Core Program or Portfolio Transaction Program.

Mortgage Loan Program means the criteria established by TIB and/or an Investor, as reflected by TIB’s guidelines, setting forth those Mortgage Loans available to eligible, prospective borrowers for Closing in accordance with the terms of this Agreement.

Mortgage Loan Program means the criteria established by Lender and/or an Investor, as reflected by Xxxxxx’s and/or Investors’ Guidelines, setting forth those Mortgage Loans available to eligible, prospective borrowers for Closing in accordance with the terms of this Agreement.