Qualification requirements
Definition
Standards imposed by lenders as conditions for granting loans, including maximum ratios of housing expense and total expense to income, maximum loan amounts, maximum loan-to-value ratios, and so on. Less comprehensive than underwriting requirements, which take account of the borrower's credit record
Related Terms Other terms related to 'Qualification requirements' starting with the letter 'Q' Qualification, Qualification ratios, Qualification rate Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 