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 Purchase Value for any Super Jumbo Mortgage Loan hereunder shall not be more than One Million Five Hundred Thousand Dollars ($1,500,000).
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 $2,000,000, (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 has the meaning set forth in Exhibit H.
Super Jumbo Mortgage Loan means a Mortgage Loan that otherwise satisfies the definition of Jumbo Mortgage Loan, but has an unpaid principal balance of at least $2,000,000 but not greater than $5,000,000.
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 first lien Mortgage Loan that has an original outstanding principal balance of greater than $1,000,000 but not more than $3,500,000.
Super Jumbo Mortgage Loan. A first lien mortgage loan underwritten to standards set forth in the Commitment Letter but less than $750,000.