google bot detected Qualification Requirements | Mortgage Glossary | Realestateagent.com

Qualification Requirements


Definition of "Qualification Requirements"

Linda Burnett
  Better Homes and Gardens Real Estate Gary Greene

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. Qualification requirements are less comprehensive than
underwriting requirements, which take account of the borrower's credit record.



Related Real Estate Glossary terms

Related Real Estate FAQ