Senior refinance loan program
[DOC File]SAMPLE LOAN AND SECURITY AGREEMENT
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"Senior Debt" means loan(s) or other financing arrangements for the Project from the Senior Lenders, including, without limitation, construction, bridge and take out financing(s), which indebtedness will be secured by mortgage and security interests in the Project; the term "Senior Debt" SAMPLE LOAN AND SECURITY AGREEMENT- Single Grantee (continued) includes, without limitation, any ...
[DOCX File]Lender Narrative Template - HUD
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This Lender’s narrative is used for all Section 223(f) FHA Multifamily refinance and acquisition submissions under the Tax Credit Pilot. This narrative is the heart of the Tax Credit Pilot application submission. Its purpose is to provide a concise yet thorough explanation of the lender’s underwriting conclusions, and it will accompany the required FHA processing forms and third party ...
[DOC File]Credit Management - DICO
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A loan postponement, or loan extension, is a specific type of loan rewrite, in which the original maturity date of a loan is extended, generally by one or two payment dates, without changing any other loan conditions. A credit union may wish to postpone the maturity date of a loan if the cause of the borrower's delinquency is temporary (e.g. strikes or sickness). A loan postponement/extension ...
[DOC File]HUD | HUD.gov / U.S. Department of Housing and Urban ...
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Note that Section 223(a)(7) may be used to refinance a HUD-insured subordinate mortgage. See Handbook 4567.1, ¶ 2-2.D (e.g., mortgages insured under Section 241 of the National Housing Act). For projects with HUD-insured first, and one or more subordinate mortgages, HUD will permit the refinancing of two or more such loans with a single Section 223(a)(7) loan. Procedures Distinguished from ...
CITY OF SANTA FE – HOUSING GOALS, POLICIES AND PROGRAMS
Develop a green remodel loan program for low to moderate income homebuyers that would provide below market rate rehabilitation loans for remodeling projects that incorporate use of energy efficient appliances, heating and roofing systems, windows and water harvesting techniques. As part of this program, an energy audit team consisting of highly trained workers would perform energy audits and ...
[DOCX File]California Health Facilities Financing Authority
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HELP II Loan Program General Assurance Pursuant to Section 15459 of the California Government Code, the Borrower hereby certifies that the services of the Facility will be made available to all persons residing or employed in the area served by the Facility.
[DOC File]SAMPLE LOAN AND SECURITY AGREEMENT - Vermont
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25) "Senior Debt" means loan(s) or other financing arrangements for the Project from the Senior Lenders, including, without limitation, construction, bridge and take out financing(s), which indebtedness will be secured by mortgage and security interests in the Project; the term "Senior Debt" includes, without limitation, any refinancing or other loan made for the Project, the proceeds of which ...
[DOCX File]Freddie Mac
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(iii)It is the intention of Borrower that all amounts deposited by Borrower in connection with either the Senior Loan Documents, the Supplemental Loan Documents, or both, constitute collateral for the Supplemental Indebtedness secured by the Supplemental Instrument and the Senior Indebtedness secured by the Senior Instrument, with the application of such amounts to such Senior Indebtedness …
[DOCX File]QUALITY CONTROL PLAN CHECKLIST FOR LOAN ORIGINATION ...
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All approved mortgagees must adopt and implement a QC Program that fully complies with the requirements of SF Handbook 4000.1. The Mortgagee must maintain and update its QC Program as needed to ensure it is fully compliant with all applicable FHA requirements at all times. The QC Program must cover the lifecycle of an FHA-insured Mortgage, including origination, underwriting, closing ...
[DOC File]OWNERSHIP INTEREST CERTIFICATION
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Senior Freedom Inc. does not recommend or require any changes to the ownership of real property as a condition of making a reverse mortgage loan. However, the Home Equity Conversion Mortgage (HECM) program administered by the Secretary of Housing and Urban Development has certain restrictions that prevent some property owners from being eligible borrowers. These restrictions also prohibit an ...
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