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Permanent Loan: A long term mortgage, usually ten years or more. Also called an "end loan."
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$239,900 Sale Creek 40 acres of scenic property. P - 40 acres
$134,900 Dayton 3BR/2BA home with split floor - 3 bedroom 2 bath 1512 sqft
$69,900 Loretto 4 BEDROOM BRICK - 4 bedroom 1 bath 1350 sqft
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Servicing: All the steps and operations a lender performs to keep a loan in good standing, such as collection of payments, payment of taxes, insurance, property inspections and the like.
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Certificate of veteran status: The document given to veterans or reservists who have served 90 days of continuous active duty (including training time) It may be obtained by sending DD 214 to the local VA office with form 26-8261a (request for certificate of veteran status. This document enables veterans to obtain lower down payments on certain FHA insured loans).
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$150,000 Savannah - 3 bedroom 2 bath 2599 sqft 16.4 acres
$139,900 Savannah - 5 bedroom 3 bath 2399 sqft 0.44 acres
$29,500 Clifton - 8.45 acres
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Underwriting: The decision whether to make a loan to a potential home buyer based on credit, employment, assets, and other factors and the matching of this risk to an appropriate rate and term or loan amount.
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Title Search: An examination of municipal records to determine the legal ownership of property. Usually is performed by a title company.
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$185,000 Savannah - 3 bedroom 2 bath 1599 sqft 16 acres
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FNMA: The Federal National Mortgage Association is a secondary mortgage institution which is the largest single holder of home mortgages in the United States. FNMA buys VA, FHA, and conventional mortgages from primary lenders. Also known as "Fannie Mae."
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$164,900 Dayton Huge home on 1.6 acres. - 2798 sqft 1.6 acres
$89,000 Camden MOVE IN READY! - 3 bedroom 2 bath 1608 sqft 0.5 acres
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