Residential loan definition
Residential loan means any of the following:
Residential loan means any loan that is secured by a mortgage against residential real property, regardless of whether the property owner lacks sufficient equity in the property so as to render the loan partially or entirely unsecured.
Residential loan means any Loan that is used to acquire any dwelling unit that within a reasonable period of time is to be used (determined at the time the loan is made) as the principal residence of the Eligible Borrower.
Examples of Residential loan in a sentence
Residential loan originations totalled $165.3 million in 1997, $168.3 million in 1996 and $132.1 million in 1995.
More Definitions of Residential loan
Residential loan means any kind of credit facility, as determined by the competent authority, secured on immovable property used or intended for residential purposes;
Residential loan means financial accommodation provided to a person—
Residential loan means a loan the
Residential loan means an individual residential loan governed under RESPA sold by Seller and purchased by Buyer pursuant to this Agreement, provided that such loan is also identified as such on the Master Asset Transfer Schedule attached to the Purchase Commitment/Settlement delivered on or prior to the Closing Date.
Residential loan means a loan for the acquisition, construction, improvement or rehabilitation of residential housing and, if the loan is for acquisition or construction of residential housing, that is secured by a first lien on real property located in the state and improved by a newly constructed, existing or rehabilitated residential structure for lower income persons or families, or unimproved if the proceeds of such loan shall be used for the erection of a residential structure thereon, whether or not such loan is insured or guaranteed by the United States or any instrumentality or agency thereof. “Residential loan” includes an insured or guaranteed loan for the acquisition of manufactured housing. The insured or guaranteed loan need not be secured by a first mortgage on real property but shall be secured by a security interest of first priority. “Residential loan” also includes a loan for the purchase of a proprietary lease and related cooperative shares in a housing cooperative formed under ORS chapter 62 secured by a security interest of first priority and a pledge or an assignment of proprietary leases and related cooperative shares.
Residential loan means any residential closed-end real estate secured loan to any Settlement Class Member originated by any of the Released Parties.
Residential loan has the meaning assigned to such term in Section 3.05 hereof.