English - Turkish
Definition of non-conforming in English Turkish dictionary
- nonconforming
- bağlı olmayan
- non conforming
- uygun olmayan
Related Terms
English - English
Definition of non-conforming in English English dictionary
- These are loans that don't meet normal conventional, FHA or VA guidelines Examples of non-conforming loans are for borrowers with less than perfect credit, excessive debt to income, or maybe the property is a bit out of the ordinary Non-conforming credit conditions usually qualify, but for higher interest rates and more money down at time of closing if you are purchasing
- A mortgage loan that does not conform to regulatory limits such as loan-to ratio value, term and other characteristics
- A product outside manufacturing limits but not necessarily defective
- Use A property which does not conform to the zoning of the area
- geared toward people with less than desirable credit (BCD), these loans have different underwriting criteria and each Lender's guidelines should be studied for instance, a loan may require two appraisals by two different appraisers
- A mortgage loan that does not conform to regulatory limits such as loan-to-value ratio, term and other characteristics
- Non-Conforming loans are those that need special consideration These are usually loan types or applicants that do not fall under the guidelines of FNMA or FHLMC For example: The normal loan amount is $240,000 or less, if a JUMBO loan is requested for more than that amount it is non-conforming Or, in the case of a higher LTV the norm is 75% to 80% LTV if you want an LTV higher than the norm it is non-conforming If a customer does not qualify under FNMA or FHLMC standards there are other non-conforming loan types in which they may qualify For example: If the borrower cannot prove his or her income and needs to go with a no-income qualifier program it is non-conforming
- nonconforming
- That which does not conform, either to the rules of an established church, or to official regulations
- nonconforming
- not conforming to established customs or doctrines especially in religion
- nonconforming
- Not conforming; declining conformity; especially, not conforming to the established church of a country
- nonconforming
- That does not conform, either to the rules of an established church, or to official regulations
- nonconforming
- {s} not conforming, not adhering to conventional values or beliefs