Insured Loan

Insured Loan

A loan on which payment is guaranteed by an insurance company, especially one with a high credit rating. An insured loan is protected against default because, if default does occur, the insurance company will pay the lender what is owed. Insured loans carry lower interest rates than uninsured loans because there is less risk involved.
References in periodicals archive ?
Proceeds from the initial $360 million of HUD insured loan borrowings will be used to refinance a real estate bridge loan at an estimated 4% per annum savings.
to close a Federal Housing Agency insured loan with e-signatures instead of traditional ink and paper.
PCNA reports have long been used to measure the capital requirements for major repairs and replacements of apartment building components during the life of an insured loan.
That's why the federally insured loan is by far the most popular.
They would then work with a community group eligible to secure a federally insured loan.
After a two-year process involving two rounds of comments by industry stakeholders, HUD published new closing documents and regulatory revisions on May 2 for the Federal Housing Administration (FHA) Multifamily Insured Loan Program (76 FR 24363).
The HUD insured loan has an all in interest rate of approximately 5.
While we have not determined the amount of borrowings we will ultimately seek under the HUD insured loan program, and all loan applications will be subject to further review and approval by HUD, we have submitted application fees to begin processing the first $100 million of HUD insured loans.
And because Embrace Home Loans is an experienced FHA insured loan lender, we are well equipped to manage the 203(k) loan program smoothly and effectively.
Rodriguez admitted that in 2005, he applied for an Ex-Im insured loan for approximately $975,025 through a private finance company in Maryland.
Sullivan was formerly a vice president at Mellon Mortgage Company, a subsidiary of Mellon Bank NA in Pittsburgh, where she provided construction loans and permanent take-outs for borrowers with FHA insured loan commitments.
The ball is then carried by New York Urban's asset distribution department, utilizing their vast source of surety companies and pension investors to fund this federally insured loan at the best possible interest rate.