A conventional, or Fixed-Rate Mortgage (FRM) is a loan where the interest rate...
Any mortgage loan other than a National Housing act loan
A traditional, real estate financing mechanism that is not backed by any government or other agency (FHA, VA, etc.).
a loan on real estate property that is offered by a private lender, and is not guaranteed by the VA, FHA, or other government entities that insure mortgages.
Any loan that is not guaranteed by the Federal government.
A mortgage loan that does not exceed 75% of the lending value of the property. Mortgages that exceed this limit must be insured by CMHC (or similar insurance provider).
A mortgage loan that is not required to be insured as it is less than a statutory percentage of value (75%).
A mortgage up to 75% of the value of the property. This is on a purchase or a refinance. A mortgage the exceeds 75% of the value is referred to as a "high-ratio mortgage."
A mortgage made by a bank or other private institution and not insured by a governmental agency.
Any mortgage that does not exceed a 75% loan to value ratio.
A mortgage loan that is not guaranteed or insured by the government. FHA and VA loans are not conventional loans.
A mortgage not affiliated with a government program.
A conventional mortgage is one that isn't insured or guaranteed by the federal government.
A mortgage not guaranteed by VA or insured by FHA, FMHA or State Bond Agencies.
Any mortgage that's not insured or guaranteed by the federal government.
A mortgage offered by a lender who assumes all the risk of loss; typically requires a down payment of at least 20 per cent of the value of the mortgaged property.
First mortgage loan which does not exceed 75% of the appraised or purchase price ( whichever is less).
A mortgage that is 75% or less of the value of the property.
A mortgage loan not insured by HUD or guaranteed by the VA. It is subject to conditions established by the lending institutions and by state laws.
A type of mortgage not insured by either the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA).
A mortgage on real estate securing a loan made by a private investor, not guaranteed by a Government agency such as FHA or VA.
A conventional mortgage is a loan up to 75% of the appraised value or purchase price of the property, whichever is less. This is the most common type of mortgage and is available through most lenders.
A mortgage securing a loan made by investors without government underwriting; i.e., non-FHA or VA insured or guaranteed.
Any home loan which is not insured or guaranteed by the federal government as VA and FHA loans are.
A mortgage where the loan does not exceed 75% of the value of a house/property. For example a $150,000. mortgage on a purchase price of $200,000. would be classified as a Conventional Mortgage.
A mortgage loan underwritten by banks, savings and loans, or other types of mortgage companies.
A mortgage loan where the mortgage loan does not exceed 75% of the appraised value of the property and is therefore not required to be insured by a government agency such as CMHC.
A mortgage loan made directly to a borrower without benefit of any government insurance or guarantee.
A mortgage loan which does not exceed 75% of the lesser of the appraised value or the purchase price of the property. A mortgage that exceeds that limit must be insured under the practices of most major financial institutions.
A mortgage loan that is made without FHA (Federal Housing Administration) insurance, USDA (United States Department of Agriculture) insurance, state bond insurance or VA (Veteran's Administration) guarantee.
is a loan for $333,700 or less, that meets the standards set by Fannie Mae and Freddie Mac, the largest purchasers of home mortgages on the secondary market.
A mortgage not insured by the government, unlike FHA and VA loans that are insured by the government.
A loan neither FHA insured nor guaranteed by the VA. A loan approved under Fannie Mae or Freddiemac guidelines.
One which is not insured by a government agency.
A Mortgage not insured by the government, such as FHA or VA.
The "conventional mortgage" is usually a 30-year fixed loan, with a 20% down payment. Its maximum amount is fixed every year by the major secondary lenders. As of November 1999, the amount was $252,700. Conventional mortgages are sometimes called " conforming" loans.
A mortgage loan made without government insurance or guarantee and conforms to accepted standards. CREDIT CARD RATIO -- This is a ratio of credit card balances in relation to the credit card limits. The higher the ratio the more indebted the applicant and the higher the lending risk.
This kind of mortgage requires that you make a down payment of at least 25 per cent of the appraised value, i.e. if the appraised valued is $200,000, a down payment of $50,000 or more is required for it to be considered conventional.
A mortgage loan subject to conditions established by the lending institution and State statutes. Meets Fannie or Freddie Mac guidelines.
A home loan with a fixed rate.
mortgage loan that is not insured in any way by the federal government such as a VA or FHA loan. These loans are usually approved using guidelines issued by Fannie Mae and Freddie Mac.
A mortgage made by a lender.
A real estate loan that is not guaranteed by a government program.
Any real estate loan that is neither FHA-insured nor VA-guaranteed. Deed - A written instrument to transfer title to real property from one party to another. Earnest money deposit - A deposit made by the potential home buyer to show that he or she is serious about buying the house.
A mortgage that is up to 75% of the purchase price or the value of the property. A mortgage exceeding 75% is referred to as a "High-Ratio" mortgage and the lender will require insurance for that mortgage.
Any mortgage loan that is not insured by FHA, guaranteed by VA, of funded by a government authorized bond sale or grant.
A mortgage that is not insured or guaranteed by CMHC or GE Capital.
A loan that qualifies to be purchased by Fannie Mae or Freddie Mac and does not have FHA insurance, USDA insurance, state or local bond insurance or a VA Guaranty.
A mortgage in which the interest rate and payments remain constant over the life of the loan.
A mortgage loan of up to a maximum of 75% of the lending value of the property for which a lender does not require loan insurance.
A mortgage not insured or guaranteed by a federally insured program such as FHA or VA.
A fixed-rate, fixed-term mortgage not insured by the federal government.
A mortgage securing a loan made by investors without government underwriting -- that is, not FHA insured or VA guaranteed.
A fixed-rate, fixed-term and fixed-payement loan by a bank or other lending institution.
A loan based on the credit of the borrower and on the collateral for the mortgage.
A mortgage loan which does not exceed 75% of the appraised value or purchase price of the property, whichever is the lesser of the two. Mortgages that exceed this limit must be insured.
A mortgage not obtained as under a government insured program (such as F.H.A. or V.A.).
A mortgage securing a loan made by investors without governmental underwriting, i.e., which is not FHA insured or VA guaranteed.
A mortgage loan not insured by outside Governmental agencies. It is subject to conditions established by the lending institution and State statutes.
A mortgage not obtained under a government-insured program (such as VA or FHA).
A mortgage that is not insured or guaranteed by the federal government.
A mortgage loan issued for up to 75% of the property's appraised value or purchase price, whichever is less.
A first mortgage issued for up to 75 per cent of the property's appraised value or purchase price, whichever is lower.
A home loan other than those insured or guaranteed by a government agency such as the Federal Housing Administration (FHA) or Department of Veterans' Affairs (VA).
A mortgage loan that does not exceed 75% of the property's appraised value. You have a conventional mortgage if your down payment is 25% or more of the homeâ€(tm)s purchase price.
A first mortgage, in which the amount of the loan does not usually exceed 75% of the appraised lending value of the property.
mortgage not FHA insured or guaranteed by the VA, so-called because it is the most popular home financing method.
A mortgage loan up to 75% of the appraised value or purchase price of the property, whichever is less. Mortgages beyond this limit must be insured by CMHC (Canadian Mortgage and Housing Corporation) or GE Capital.
