Qualification Requirements


Definition of "Qualification Requirements"

Kelley  Daniels real estate agent
Kelley Daniels, Real Estate Agent Luxe Properties

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.

 

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