Rehab Loan definition

Rehab Loan means a Federal Consolidation Loan that consolidates one or more Defaulted Student Loans.
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Rehab Loan means a Federal Consolidation Loan that consolidates one ---------- or more Defaulted Student Loans.
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Rehab Loan means a Mortgage Loan made to an obligor or obligors for the purpose of improving or repairing a structure, or facilities in connection with a structure, including, without limitation, the provision of such sanitary or other facilities as are required by applicable codes or community development plans, or measures to evaluate and reduce lead-based paint hazards.
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Examples of Rehab Loan in a sentence

  • INCOME GUIDELINES LMI (low-moderate income) limits for Barnstable County Below are the total allowable LMI (low-moderate income) limits per size of household for qualifying for the CDP Housing Rehab Loan Program.

  • Consequently, the salary and related costs of the Rehab Loan Officer position will be charged on a pro rata share basis between the rehab loan program (80 percent) and program administration (20 percent).

  • An Applicant that is delinquent on any mortgage will be ineligible for a Rehab Loan.

  • Furthermore, if the delay in payment exceeds 3 (three) calendar days, the Seller shall be entitled to suspend further deliveries of the Product until the overdue is paid or to apply advance payments for further deliveries.

  • Liens superior to the OWHLF Loan (principal only) secured by the property and the principal of the Rehab Loan.

  • For example, it may be a SHIP Purchase Assistance loan repayment, SHIP Rehab Loan Repayment, City Demolition/Reconstruction, or Short Sale proceeds.The staff will update the SHIP tracking report to include the program income received.

  • Further details on this will be discussed and implemented at the start of the third contract year: July 2023 for Standard Plans, and July 2024 for BH I/DD Tailored Plans.14FundingNorth Carolina plans to launch a withhold program in the third contract year to fund the incentives previously described.

  • The minimum qualifying marks will be overall 40% for the unreserved posts and 35%for the reserved posts (i.e. for SC/ST/PwD category as applicable).

  • All work or construction completed with Rehab Loan HOME funds must be in compliance with the Rehab Standards/HOME in Appendix VI.

  • INCOME GUIDELINES LMI (low-moderate income) limits for Barnstable County Below are the total allowable LMI (low-moderate income) limits per size of household for qualifying for the TRI Housing Rehab Loan Program.

Related to Rehab Loan

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Term Loan as defined in Section 2.1.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Bridging Loan means a credit facility granted for the purchase of Residential Property by the Borrower, pending the receipt of proceeds from the sale of another Residential Property owned or co-owned by the Borrower, under which any balance outstanding shall be repaid within six months;

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.

  • Educational loan means a loan made by the authority to an institution.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • PPP Loan means (i) any covered loan under paragraph (36) of Section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by Section 1102 of the CARES Act, or (ii) any loan that is an extension or expansion of, or is similar to, any covered loan described in clause (i).

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Loan Advance The meaning specified in Section 2.2(a).