Maximum Loan Amount

Maximum Loan Amount

The largest loan size permitted on a particu- lar loan program.

For programs where the loan is targeted for sale to Fannie Mae or Freddie Mac, the maximum will be the largest loan eligible for purchase by these agencies. On FHAloans, the maximums are set by the Federal Housing Administration, and vary somewhat by state and county. On other loans, maximums are set by lenders.

References in periodicals archive ?
The maximum loan amount is P 30,000 while the minimum is P 15,000, with zero interest.
The maximum loan amount depends on how much grant you receive.
14, 2017, the maximum loan amount on which you may deduct mortgage interest has been reduced to $750,000.
When buying an off-plan property, the maximum loan amount is 50 per cent.
We actually proposed P50 billion for easy access financing because we are computing a maximum loan amount of P50,000 for farm and fisher families and we are estimating a million families,' Pinol said.
This loan is generally a 10-year term with a maximum loan amount of $1 million.
As the SBA's newest microlender in Utah, the UMLF was presented with $400,000 to bump its lending power up to $50,000 for a maximum loan amount, doubling what it was before.
Besides setting its maximum loan amount at KSh1m ($10,000), the KCB M-Pesa account has also upped the maximum repayment term to six months compared to M-Shwari's one month.
The option will be available on all standard Nationwide mortgage products up to 60% loan-to-value and with a maximum loan amount of PS150,000.
Qatari and expat residents will be able to avail car loans from Doha Bank as early as their first salary is credited to their account, with a maximum loan amount of QR750,000 for Qataris and QR350,000 for expatriates.
The lending matrix for this stated income program is fairly straightforward, the maximum loan-to-value is 75% (a 25% down payment is required), the minimum FICO score is 680, the maximum loan amount is $5mm, rates average 4.
00% and a 30-year amortization, we come up with a maximum loan amount of $5,356,971 as the maximum loan amount an underwriter will consider using the DSCR method.

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