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 ?
- Loss due to mis-utilisation/non-utilisation of insured loan for the purpose it was given.
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.
Therefore, a HUD home is a home that had a FHA insured loan that was foreclosed upon.
The insured loan also covers funds to pay for major equipment needed to operate the facility.
The offer means that on an insured loan of pounds 7,500 over five years, a customer would receive pounds 291.52 as a cashback at the end of their loan.
The increase in FHA insured loan limits is expected to help reverse a national decline in multifamily housing construction.
If you go for an insured loan, make the comparison AFTER including the insurance premium.
ReliaMax insured loan volume has grown by USD 500m, more than 20 percent, since February 2016.
to close a Federal Housing Agency insured loan with e-signatures instead of traditional ink and paper.
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).
They would then work with a community group eligible to secure a federally insured loan. It would buy the property for an inflated price.
Application for an FHA insured loan is a three-step process: (1) a site analysis and market appraisal, (2) a conditional commitment, (3) a firm commitment.