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What else can I help you with?
What is the maximum allowable housing ratio for a conforming loan?
33
What is the allowable housing ratio for an FHA loan?
33%
What is the maximum loan-to-value ratio typically offered for a second mortgage?
The maximum loan-to-value ratio typically offered for a second mortgage is around 80.
What makes a loan a jumbo or conforming loan in Manhattan for a co-op?
you can get the information about loan a jumbo or conforming loan in Manhattan for a co-op from nycblogestate.com/ website
What is the conforming loan limit amount for the Zip Code 92679?
I think you may get the information about conforming loan limit amount for the Zip Code from www.city-data.com/forum/maryland/280118-conforming-loan-limits.html and www.azmortgageguru.com/stimulus-bill-passed-raises-conforming-loan-limit/
What is a nonconforming loan?
This question is best answered by understanding what a conforming loan is. Government sponsored entities (GSEs) such as Freddie Mac, Fannie Mae, and Ginnie Mae purchase mortgages from lenders. In order for a mortgage to be purchased, it must meet certain standards (called "conforming"). For a conforming loan, mortgage applicant must meet the following requirements: * PTI (paymento-to-income) ratio below a certain threshold * LTV (loan-to-value) ratio below a certain threshold * loan amount below a certain threshold A nonconforming loan is one which does not meet these requirements. For example, a common nonconforming loan is a "jumbo mortgage", which has a loan amount that exreeds the required threshold.
How much is a conforming loan in California?
$ 625,000.00
What is the maximum debt-to-income ratio (DTI) allowed for a construction loan?
The maximum debt-to-income ratio (DTI) allowed for a construction loan is typically around 43. This means that your total monthly debt payments cannot exceed 43 of your gross monthly income in order to qualify for the loan.
What benefit does a non conforming home loan have on the economy?
A non conforming home loan can have benefits on the economy. Some of these benefits on the economy are by limiting the high-cost areas of living which has also been incorporated.
How can get housing loan in HDMF if they have a calamity loan in HDMF?
what is the requirements for housing loan in HDMF if they have calamity loan in HDMF
What is the ratio of loan balance to loan amount for this particular loan?
The ratio of loan balance to loan amount for this specific loan is 0.75.
How do you as an existing housing loan customer check your housing loan account?
That depends on the bank or other company that issued the loan.
