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1 Definition

Qualification Requirements

For Qualification Requirements we have a term and definition in Mortgage.



Qualification Requirements (Mortgage)


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. See Qualifying For a Mortgage.


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