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 — a loan made for the purpose of acquiring a principal residence, which is, or within a reasonable time shall be, the principal residence of the participant.

• Residential loan - a loan made for the purpose of acquiring a principal residence, which is, or within a reasonable time shall be, the principal residence of the participant.

• That Council authorize loan commitments under the Hamilton Downtown Residential loan program to exceed the $20,000,000 maximum to $26,000,000 provided total monies lent do not exceed $20 million at any one time.

• Residential loan – a loan made for the purpose of acquiring a principal residence, which is, or within a reasonable time shall be, the principal residence of the participant.

• Residential loan amount to related property value ratio (LTV)(a) The LTV is calculated by dividing the loan amount approved at completion of the Irish residential loan (including any completion fees) by the valuation (or in some cases, the purchase price) of the Irish residential property.(b) The LTV of each Irish residential loan at the date of the initial advance by the Issuer to the borrower cannot generally be more than 92.0 per cent.

More Definitions of Residential loan

Residential loan means a loan the

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 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, exist- ing or rehabilitated residential structure for lower income persons or families, or unim- proved if the proceeds of such loan shall be used for the erection of a residential struc- ture 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 manu- factured housing or for the acquisition of a lot described in ORS 92.840 by a manufac- tured dwelling park tenant. 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 prior- ity. “Residential loan” also includes a loan for the purchase of a proprietary lease and related cooperative shares in a housing co-

Residential loan means an individual Residential Loan sold by Seller and purchased by Buyer pursuant to this Agreement, provided that such loan is also identified 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 the primary purpose of which is the purchase or finance of a permanent dwelling located in New Mexico and which is primarily secured by a deed of trust encumbering the dwelling and related trust real estate.

Residential loan means any of the follow-

Residential loan means any residential closed-end real estate secured loan to any Settlement Class Member originated by any of the Released Parties.