Definitions for "Lending Value"
The amount of the loanis limited to not more than 75% of the selling price or appraised value of the property.
The lesser of the appraised market value or the purchase price of a home.
Extent to which collateral is considered as a loan to secure a credit. The lending limit is the relative value of lending-eligible collateral that the lender is willing to consider (as a maximum) as cover for a credit.