Super Jumbo Loan means a Jumbo Loan having an original principal balance in excess of $999,999 but not more than $3,000,000.
Super Jumbo Loan means a Jumbo Loan whose original principal amount is more than Six Hundred Fifty Thousand Dollars ($650,000) but not more than Two Million Dollars ($2,000,000) (or such greater amount as shall be approved by the Agent on a case-by-case basis.)
Super Jumbo Loan means a Mortgage Loan for which the original principal amount of the underlying Mortgage Note is greater than $600,000 but does not exceed $1,000,000.
More Definitions of Super Jumbo Loan
Super Jumbo Loan means a Single-family Mortgage Loan whose original principal amount is more than $1,500,000.00; provided, however, if such Mortgage Loan will be included in Collateral if and only if Lender has approved such Mortgage Loan prior to its pledge.
Super Jumbo Loan means a Mortgage Loan, the original principal amount of which is greater than $1,000,000 but no greater than $2,000,000, which complies with all applicable requirements for purchase under the FNMA or FHLMCstandard form of conventional mortgage purchase contract then in effect, except that the amount of such loan is greater than the maximum loan amount under such requirements.
Super Jumbo Loan means any mortgage loan which substantially conforms to the Guidelines, except that the principal balance thereof exceeds the principal balance of a mortgage loan which conforms to the Guidelines and the principal balance thereof is greater than $1,500,000 but less than or equal to $3,000,000, and the terms of which include other specified exceptions to the Guidelines, if any, which are consistent with Seller’s Super Jumbo Loan underwriting standards. Super Jumbo Loans will not include mortgage loans made to Sub-Prime Borrowers.
Super Jumbo Loan means a Mortgage Loan which would be a Jumbo Loan except that the amount thereof exceeds $750,000, but is less than $2,000,000. Take-Out Commitment means (i) a written commitment by which an Investor agrees to purchase Mortgage Note(s) from Borrower, or (ii) a forward commitment to sell mortgage-backed securities at a committed sales price in amounts equal to or greater than the closed Mortgage Loans included in the Borrowing Base. Tangible Net Worth means Stockholders’ Equity determined in accordance with GAAP, less the sum of:
Super Jumbo Loan means a Loan, or more than one Loan which are being treated collectively by the Agent as a Jumbo Loan, which meets all of the requirements of a Jumbo Loan except that the Advance or Advances relating to such Loan or Loans is in excess of Nine Hundred Thousand Dollars ($900,000.00) and such Loan or Loans has been specifically approved by the Agent in writing, in its sole and absolute discretion, which approval may be withheld by the Agent for any or no reason.
Super Jumbo Loan means a Mortgage Loan which would be a Jumbo Loan except that the amount thereof exceeds $750,000, but is less than $1,000,000. Take-Out Commitment means (i) an existing written commitment to Borrower in form and substance satisfactory to Lenders from an Investor satisfactory to Lenders, under the terms of which the such Investor agrees to purchase Mortgage Notes or a specific Mortgage Note, (ii) a certified commitment representation, or (iii) a trade confirmation by an Investor committing to purchase a participation certificate or mortgage backed security, each of which must identify the Investor and the Committed Purchase Price. Tangible Effective Net Worth means, at any time, Stockholders' Equity determined in accordance with GAAP, less the sum of:
Super Jumbo Loan means a Jumbo Mortgage Loan which has an original principal balance equal to or greater than $1,000,000."