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determined by federal statute in the case of FHA loans
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∙ 12y ago
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What is the maximum debt to income ratios for a Freddie Mac loan?
45
What is the maximum loan to value LTV for a VA loan?
90%
Do you need an appraisal for a fifty-percent loan to value ratio refinance?
No, you do not need to have a fifty-percent loan to value ratio to refinance. There are many many loan programs that will allow you other ratios and consider an overall financial picture of the situation so that you can refinance.
What is a scop?
Regarding FHA mortgage loans, how is the maximum permissible LTV ratio determined?By a percentage of sales priceBy federal statuteBy the lender's competitive market analysisBy conventional loan rates
What is an element of bonding?
face value similar to the principal amount of a loan.
What is total loan to value?
The relationship between the first mortgage plus the equity line of credit at it's maximum and the value of the property as a percentage
What ratios should be considered before giving loan?
nkb
What is the maximum personal loan that can be discharge in chapter 7?
Chapter 7 has no maximum loan amount.
What is the maximum interest rate for a car loan in Pennsylvania?
what is the maximum rate for used car loan in Pennsylvania
If you're doing an FHA loan are you obliged to get FHA mortgage insurance?
Yes, FHA Loans all have mortgage Insurance.Removal of FHA Mortgage Insurance: * For mortgages with terms more than 15 years, the annual mortgage insurance premiums will be canceled when the Loan to Value ratio reaches 78%, provided the mortgagor has paid the annual premium for at least 5 years. * For mortgages with terms 15 years and less and with loan to value ratios 90% and greater, then annual premiums will be canceled when the Loan to Value ratio reaches 78%, regardless of the amount of time the mortgagor has paid the premiums. * FHA Loans with terms 15 years and less and with loan to value ratios of 89.99% and less will not be charged annual FHA mortgage insurancepremiums.
Where can I find the qualifications for an FHA loan?
The FHA loan qualifications are all listed on their website. They list loan limits, costs, allowable debt-ratios, as well as a loan checklist you can use.
During your car loan term you want rate modified can your credit union that has your loan pull your recent credit report?
Yes they can, because they have a permissible purpose to do so.
