Funding Acronyms and Loan Terms

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Across
  1. 2. federal law that regulates what is and what is not allowable
  2. 4. Administration available to military service members
  3. 7. the mortgagors principal or primary residence
  4. 10. agency that oversees the US Housing market
  5. 11. commonly called a HOUSE
  6. 13. shows APR and cost of over the life of the loan
  7. 15. a montly premium added to FHA mortgages
  8. 16. Uniform residential loan application
  9. 17. a monthly premium added when LTV is over 80% on conventional loans
  10. 18. the document that calculates the cost of mortgage w/out changing the payment amount
  11. 19. can be a condo or townhome, you own the land it is on
  12. 20. Uniform Residential Appraisal Report
  13. 21. total housing expense
  14. 22. primary applicant on a mortgage application
Down
  1. 1. the percentage of the mortage vs. the appraisal or purchase price
  2. 3. the secondary applicant on a mortgage application
  3. 5. a person that takes the actual loan application
  4. 6. the federal government agency that oversees the US housing market
  5. 8. automated underwriting engine developed by Fannie Mae
  6. 9. contains detailed information on credit worthiness of indivduals
  7. 12. settlement statement showing all costs involved w/a mortgage
  8. 14. used for underwiting FHA & VA mortgages