Super Jumbo Mortgage Loan definition

Super Jumbo Mortgage Loan means a Mortgage Loan that would otherwise be a Jumbo Mortgage Loan except that the original principal amount is more than $1,000,000.

Super Jumbo Mortgage Loan. Unless defined otherwise in the Transactions Terms Letter, a first lien mortgage loan underwritten to the same standards as a Conventional Conforming Mortgage Loan except with respect to the original principal balance, which is greater than one million ($1,000,000) dollars but less than the one million five hundred thousand ($1,500,000) dollars.

Super Jumbo Mortgage Loan means an Eligible Asset which is a Jumbo Mortgage Loan with an outstanding principal balance at origination of greater than or equal to $1,000,000 but less than or equal to $5,000,000.

Examples of Super Jumbo Mortgage Loan in a sentence

• The Mortgage Loan is a Conventional Conforming Mortgage Loan, Government Mortgage Loan, Jumbo Mortgage Loan, Super Jumbo Mortgage Loan, Expanded Criteria Mortgage Loan, Subprime Mortgage Loan, Closed-End Second Lien Mortgage Loan, HELOC Mortgage Loan or Nonperforming/Subperforming Mortgage Loan, as applicable.

• The Mortgage Loan is an Agency Eligible Mortgage Loan, Conventional Conforming Mortgage Loan, Government Mortgage Loan, Jumbo Mortgage Loan (including a Jumbo Interest Only Mortgage Loan), Super Jumbo Mortgage Loan, Bond Loan – 1st Lien, HomePath Mortgage Loan, HomePath Renovation Mortgage Loan, Texas Cash-Out Refinance Mortgage Loan or HARP Mortgage Loan, as applicable.

• The Mortgage Loan is a Conventional Conforming Mortgage Loan, Government Mortgage Loan, Jumbo Mortgage Loan, Super Jumbo Mortgage Loan or HARP Mortgage Loan, as applicable.

• The Mortgage Loan is an Agency Eligible Mortgage Loan, Conventional Conforming Mortgage Loan, Government Mortgage Loan, Jumbo Mortgage Loan (including a Jumbo Interest Only Mortgage Loan), Super Jumbo Mortgage Loan, Bond Loan – 1st Lien, HomePath Mortgage Loan, HomePath Renovation Mortgage Loan, Manufactured Home Loan, Texas Cash-Out Refinance Mortgage Loan or HARP Mortgage Loan, as applicable.

• Every Purchased Mortgage Loan that is a Jumbo Mortgage Loan, Super Jumbo Mortgage Loan or Conforming Mortgage Loan is subject to a Takeout Commitment.

More Definitions of Super Jumbo Mortgage Loan

Super Jumbo Mortgage Loan means a conventional Mortgage Loan that would otherwise be an Agency Conforming Mortgage Loan (and is not an FHA or VA Mortgage Loan) secured by a first Lien Mortgage except that the original principal amount is greater than One Million Dollars ($1,000,000) but not more than Two Million Dollars ($2,000,000).

Super Jumbo Mortgage Loan a Mortgage Loan secured by a First Mortgage on improved real estate which (a) is in an amount in excess of the amount eligible for purchase by FHLMC and FNMA, (b) which is in an amount exceeding $1,000,000 but not exceeding $1,500,000, (c) has been underwritten in accordance with the guidelines of an Approved Investor and (d) has been approved in advance by the Agent for collateral purposes in its sole discretion.

Super Jumbo Mortgage Loan. A Mortgage Loan with an unpaid principal balance in excess of $500,000 but not greater than $1,500,000.

Super Jumbo Mortgage Loan has the meaning set forth in Exhibit H.

Super Jumbo Mortgage Loan means a conventional Mortgage Loan that would otherwise be an Agency Conforming Mortgage Loan (and is not an FHA or VA Mortgage Loan) secured by a first Lien Mortgage except that the original principal amount is greater than or equal to One Million Five Hundred Thousand Dollars ($1,500,000).

Super Jumbo Mortgage Loan means a Mortgage Loan that (a) would be a Conforming Mortgage Loan except that the original principal amount is more than the maximum Agency loan amount, more than Two Million Dollars ($2,000,000) and less than Three Million Dollars ($3,000,000), (b) the obligor of such Mortgage Loan has a FICO Score of not less than 680, and (c) is not a Jumbo Mortgage Loan. “Super Jumbo Loan Sublimit” is defined in Section 4.2(c). “Supplemental Papers” means the Loan Papers for a particular Loan other than its Basic Papers.

Super Jumbo Mortgage Loan. A first lien mortgage loan underwritten to the same high standards as a Conventional Conforming Mortgage Loan except with respect to the original principal balance, which is greater than one million and one dollars ($1, 000,001) but less than one million five hundred thousand dollars ($1,500,000)