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Jumbo Mortgage Texas

In Texas, Home Buyers Go for Jumbo Loans High-end homes in Texas are much cheaper than in other pricey parts in the country-so home buyers in the Lone Star State can afford bigger properties and.

Jumbo Mortgage. A Jumbo mortgage is a home loan that exceeds the conforming loan limit which is currently $424,100 in all of Texas. A jumbo loan is one way to buy a high-priced or luxury home. As a mortgage broker and banker, we are able to provide expanded product sets and guidelines as well as superior pricing versus other lenders.

Conventional Vs Jumbo Loan Anything above county limits is a jumbo loan. Jumbo loans have higher loan limits, and slightly different guidelines because the mortgage can’t be sold to Fannie Mae or Freddie Mac and pushes into non-conforming territory.. For conventional loans,

Looking for a Texas Jumbo Mortgage loans & Guidelines in Houston, Dallas, Austin, or San Antonio? We offer many low 5 down payment Jumbo loan options up to $2,500,000. Every Texas county Jumbo mortgage loan limit is available.

Jumbo Vs Conventional Conventional, Jumbo Loan Availability Accelerating – The index was benchmarked to 100 in March 2012. All four of the MCAI’s component indices increased in July as well with the Conventional MCAI showing the greatest loosening, up 5.2 percent. The jumbo.

July 24,2019 – compare texas 30-year fixed Jumbo Mortgage Rates with a loan amount of $600,000. To change the mortgage product or the loan amount, use the search box to the right. Click the lender name to view more information.

Jumbo Construction Loan Rates VA Jumbo Loans – Low Rate VA Jumbo Mortgages – Jumbo Rates VA offers low rate jumbo mortgages for servicemembers, veterans, and eligible surviving spouses with no downpayment or PMI requirement. One-time close construction loans financed through the VA loan program. First-time home buyers and buyers with less-than-perfect.

A jumbo loan is a mortgage loan that exceeds the conforming amount that can be backed by Fannie Mae or Freddie Mac, the federal government-sponsored entities that guarantee mortgages. The conforming loan limit in Texas is any mortgage over $417,000, so home buyers in Houston seeking mortgage loans higher than this loan value can apply for a.

Below, you will find the 2019 conforming, FHA and VA loan limits for all counties in Texas. On the conforming side, there is a single maximum amount for every county in the state. (This applies to VA loans as well, since those limits are aligned with conforming.) But on the FHA side, the loan limits [.]

Jumbo Mortage Jumbo reverse mortgages don’t carry these insurance charges, but that doesn’t make a jumbo reverse mortgage a cheaper loan. Most jumbo reverse mortgage lenders will charge underwriting fees worth 1% to 2% of the house’s appraised value.

Jumbo loans are similar to conventional loans in that they’re not insured by the government or guaranteed by the Veterans Administration, but they have one large difference: Jumbo loans exceed the conforming loan limits of Fannie Mae and Freddie Mac. In most counties of the US, the jumbo loan limit is $417,000.

Jumbo Mortgage Loans or jumbo loans are a non-conforming type of loans. Call us at (866) 772-3802 for details on how to refinance your jumbo loan. We have the best jumbo loan rates available and we will help you every step of the way!

10 Down Jumbo Mortgage Get information about jumbo mortgages and view loan rates in your area.. rules and require a larger down payment than a standard mortgage.. fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10 years for a 10/1 ARM ).

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What Are Reserves In Mortgage

Recently the Federal Reserve Bank has signaled it might be done raising interest rates, and some believe it may cut rates. The Fed dictates short-term interest rates by changing the rate it charges.

Of all of the underwriting requirements for a mortgage, it’s a good bet you’ve never heard of the term cash reserves.But this is a common lender requirement, that many would-be homeowners don’t learn about until they make an application for a mortgage.

WASHINGTON – The Federal Reserve cut its key interest rate Wednesday for the. The Fed had aggressively bought Treasury and.

The Federal Reserve may cut interest rates soon, but savings yields are still rising on some accounts . The competition for your cash means you have a number of top-yielding options.

A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash. The product was conceived as a means to help retirees with limited income use the accumulated wealth in their homes to cover basic monthly living expenses and pay for health care.

Jumbo Financing Jumbo Construction Loan Rates Construction Loans – Jumbo, Conventional, FHA and VA – Conventional, Jumbo, FHA, VA and Rural Development construction loans. loan Programs. Conventional 1x Close. This is the best program with the best rates and fees. Now offering Jumbo 1x close construction to perm loans up to $3,000,000! 15% to 30% down, minimum 720 to 760.Jumbo Loans- Jumbo rates are for loan amounts exceeding $484,350 ($726,525 in AK and HI). apr calculation is based on estimates included in the table above and borrower-paid finance charges of 0.862% of the loan amount, plus origination fees if applicable.

CMOs are repackaged pass-through mortgage-backed securities with the cash flows directed in a prioritized order based on the structure of the bond. A CMO’s objective is to provide some protection against prepayment risk-above and beyond the protection offered by pass-throughs-while still.

In order to prequalify for a mortgage, you must have adequate liquid reserves left over after you’ve made your down payment, paid all closing fees, and signed all the necessary documents with your mortgage lender. Call A and N Mortgage at (773) 305-5626 to take expert advice.

An equity reserve is a share of the equity in a home that is reserved in protection of the loan outweighing the value of the home. In a traditional loan, the loan proceeds have a safe ratio.

Reserves help the lender see that you are not as risky as you seem because you have money on hand to pay for the mortgage payments should your income become unavailable. Typically, the more months’ worth of reserves you have on hand, the better off your chances of getting approved.

Jumbo Mortage Jumbo Construction Loan Rates FBI investigating flood maps; jumbo production Forecast falls; proposed amc legislation – That debate aside, independent mortgage LOs continuing to "complain" about the rates offered by banks like Wells Fargo on their jumbo loans – but hey. manufacturing firms about general trends) and.NEW YORK, June 27 (LPC) – A US$38bn bridge loan backing US biopharmaceutical company AbbVie’s US$63bn bid for Botox-maker Allergan, and the additional bank business the merger will generate, is.10 Down Jumbo Mortgage On Jumbo Home Loans, Lower Down Payments for High Earners – WSJ – Mortgage lenders may loosen jumbo-loan down payment requirements for a so-called "Henry"-an acronym for ‘high earner, not rich yet.’. 10 Down Jumbo Mortgage – Homestead Realty – Jumbo Mortgage With 10% Down Payment And No PMI.

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Conventional Vs Jumbo Loan

Because jumbo loans aren’t backed by federal agencies as conventional mortgages are, lenders are taking on more risk when they offer them. You’ll face more stringent credit requirements if you’re.

Jumbo vs. conventional loan. Jumbo loans and conventional loans are both issued by private lenders, and neither is insured by a government agency. The difference between a jumbo loan and a. In short, conventional mortgages are backed by Fannie Mae & Freddie Mac, whereas Jumbo loans are not. These jumbo loans are sizes of $500,000 or more .

Jumbo Mortage Jumbo Financing Jumbo Construction Loan Rates Construction Loans – Jumbo, Conventional, FHA and VA – Conventional, Jumbo, FHA, VA and Rural Development construction loans. loan Programs. Conventional 1x Close. This is the best program with the best rates and fees. Now offering Jumbo 1x close construction to perm loans up to $3,000,000! 15% to 30% down, minimum 720 to 760.jumbo loans- jumbo rates are for loan amounts exceeding $484,350 ($726,525 in AK and HI). apr calculation is based on estimates included in the table above and borrower-paid finance charges of 0.862% of the loan amount, plus origination fees if applicable.What if my needs are greater than conventional programs allow? homestreet bank offers jumbo loan options ideal for homes with financing needs that extend beyond conforming conventional loan limits.Larger loan amounts often mean stricter qualifying criteria and higher down payment requirements.

Is a jumbo loan the right move for you?. In 2019, the standard conforming loan limit is $484,350. However. Your loan-to-value ratio is the amount you borrow on your home compared to how much your home is worth or the.

Passing the NMLS Exam - Understanding Primary Market vs Secondary Market Conventional Versus Jumbo Loan What Amount Is A Jumbo Loan In Texas As an easy example, if 30-year mortgage rates drop .250 %, Since jumbo loans are larger than conventional mortgage loans, any money you can save on rates is a big deal. For example, just a half a point difference in interest rates for a $700,000 jumbo loan at.

10 Down Jumbo Mortgage Lenders refer to this jumbo financing option with 10% down as an 80-10-10 loan structure. The very same strategy can be used with a smaller down payment of 5% using an 80-15-5 loan structure. Using the same property as an example, the first mortgage would still be $1,200,000 but the second lien would represent 15% of the sales price or $225,000.

As of 2019, the conforming loan limit is $484,350 in most areas. Buyers who need to finance more than that will require a jumbo loan. About 6.7.

Just as for a conventional mortgage, jumbo borrowers should be prepared to provide detailed documentation of their credit, income, assets, and the loan-to-value ratio of the home. But for a jumbo.

Learn more about super jumbo mortgage loans (e.g. in California but also. a home loan that exceeds the borrowing limits allowed on conventional home loans.. for jumbo loans with FICO credit scores as low as 680, compared to 720- 740 a.

The difference between current mortgage rates on conventional mortgage loans and jumbo loans has narrowed lately, making jumbo loans more appealing. Interest rates for a 30-year fixed-rate mortgage loan that conforms to the government limits were 3.75 percent in April, while rates for jumbo loans were only 3.85 percent.

Anything above county limits is a jumbo loan. Jumbo loans have higher loan limits, and slightly different guidelines because the mortgage can’t be sold to Fannie Mae or Freddie Mac and pushes into non-conforming territory.. For conventional loans,

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Jumbo Mortage

A jumbo mortgage is a loan whose principal value exceeds the standard limits for Fannie Mae and Freddie Mac, the government-sponsored enterprises that buy loans from banks. As a result, the interest rates on these loans are higher because lenders don’t have the assurance that Fannie or Freddie will guarantee the purchase of the loans.

Dave Ramsey Breaks Down The Different Types Of Mortgages Jumbo reverse mortgages don’t carry these insurance charges, but that doesn’t make a jumbo reverse mortgage a cheaper loan. Most jumbo reverse mortgage lenders will charge underwriting fees worth 1% to 2% of the house’s appraised value.

What is a jumbo mortgage and how do you know if you need one? A home loan is considered jumbo if it exceeds the so-called conforming amount, which in most cases is anything over $417,000 for a.

Learn more about The Veterans Administration (VA) loan for eligible veterans, reservists, active-duty military personnel, and surviving spouses of veterans.

Jumbo Mortgage Rates Vs Non-Jumbo. Jumbo rates used to be much higher than the non-jumbo. Back in 2009, they were running about 2.5 percent higher than conforming rates. A jumbo mortgage is anything over a $417,000 loan amount. However, in some.

Jumbo Construction Loan Rates FBI Investigating Flood Maps; Jumbo Production Forecast Falls; Proposed AMC Legislation – That debate aside, independent mortgage LOs continuing to "complain" about the rates offered by banks like Wells Fargo on their jumbo loans – but hey. manufacturing firms about general trends) and.

NEW YORK, June 27 (LPC) – A US$38bn bridge loan backing US biopharmaceutical company AbbVie’s US$63bn bid for Botox-maker Allergan, and the additional bank business the merger will generate, is.

Jumbo mortgage loans are typically for Customers Bank borrowers who enjoy larger incomes, higher credit scores and greater financial reserves. This type of loan exceeds the loan-servicing limits set by government-sponsored enterprises, Freddie Mac and Fannie Mae, making them non-conforming loans.

Lower your mortgage rate with a Savings Builder account. CIT Bank portfolio programs do not require you to pay for private mortgage insurance on loan.

The Mortgage Bankers Association (MBA. "Credit availability increased in February as a result of new jumbo offerings brought to the market, both for agency jumbo and non-agency jumbo programs,".

Jumbo Financing Jumbo Construction Loan Rates Construction Loans – Jumbo, Conventional, FHA and VA – Conventional, Jumbo, FHA, VA and Rural Development Construction Loans. Loan Programs. Conventional 1x Close. This is the best program with the best rates and fees. Now offering Jumbo 1x close construction to perm loans up to $3,000,000! 15% to 30% down, minimum 720 to 760.jumbo loans- jumbo rates are for loan amounts exceeding $484,350 ($726,525 in AK and HI). apr calculation is based on estimates included in the table above and borrower-paid finance charges of 0.862% of the loan amount, plus origination fees if applicable.

What if my needs are greater than conventional programs allow? HomeStreet Bank offers Jumbo loan options ideal for homes with financing needs that extend beyond conforming conventional loan limits.Larger loan amounts often mean stricter qualifying criteria and higher down payment requirements.

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10 Down Jumbo Mortgage

 · Here’s What Everyone Gets Wrong About Jumbo Loans. By Beth. with some banks now offering jumbo loan financing for as little as 10% down. Plus, unlike with conforming loans, putting down.

Get information about jumbo mortgages and view loan rates in your area.. rules and require a larger down payment than a standard mortgage.. fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10 years for a 10/1 ARM ).

A jumbo mortgage, also called a jumbo loan, is a mortgage that exceeds conforming loan limits set by the Office of federal housing enterprise oversight. Some lenders, including Guild Mortgage and SoFi, offer 10 percent down jumbo loans with no mortgage insurance requirement.

On Jumbo Home Loans, Lower Down Payments for High Earners – WSJ – Mortgage lenders may loosen jumbo-loan down payment requirements for a so-called "Henry"-an acronym for ‘high earner, not rich yet.’. 10 Down Jumbo Mortgage – Homestead Realty – Jumbo Mortgage With 10% Down Payment And No PMI.

Lenders refer to this jumbo financing option with 10% down as an 80-10-10 loan structure. The very same strategy can be used with a smaller down payment of 5% using an 80-15-5 loan structure. Using the same property as an example, the first mortgage would still be $1,200,000 but the second lien would represent 15% of the sales price or $225,000.

The bank lends up to 80% of the home’s value, which is the limit on what most jumbo lenders are willing to lend. For multimillion dollar homes, lenders generally ask for down payments of 25% to 40%..

Jumbo Construction Loan Rates VA Jumbo Loans – Low Rate VA Jumbo Mortgages – Jumbo Rates VA offers low rate jumbo mortgages for servicemembers, veterans, and eligible surviving spouses with no downpayment or PMI requirement. One-time close construction loans financed through the VA loan program. First-time home buyers and buyers with less-than-perfect.

Contents jumbo loan program dollar amount loan-servicing limits Require mortgage insurance Home loan mortgage nationwide serving buyers nationwide including chicago Conforming mortgage loan It’s a great year for all the buyers who want to buy a multi million dollar home without having to liquidate investments. check out our new mortgage loan.

Jumbo Vs Conventional Jumbo Loan and FHA Loan Limits By State | Bankrate.com – What are the FHA and jumbo loan limits in your state?. is insured by the Federal Housing Administration and requires lower minimum credit scores and down payments than many conventional.

Jumbo Mortgage 10% down options available  · The second loan amount of $150,000 is automatically subordinated to the first which means when the property is sold the first mortgage lien holder will be paid off first and the remaining funds used to pay off the second. lenders refer to this jumbo financing option with 10% down as an 80-10-10.

If you’re an independent/non-depository mortgage bank, the odds are your jumbo pricing doesn’t stack. We begin today with Agency MBS prices down/worse a few ticks vs. last night’s close and the.

Jumbo Financing Jumbo Loans Florida 5 &10% Down Payment | Best Jumbo. – Jumbo Loans 5 & 10% Down Payment, Best Jumbo Rates Florida ! 680 Credit Score! No PMI | Low Reserves! We Know the Jumbo Lender Mortgage Business.

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Jumbo Financing

Additional Information pertaining to VA Jumbo Loans that exceed county limits set by VA: Manufactured homes are not eligible for the VA jumbo program. funding fees cannot be financed for loans greater than $484,350. They must either be paid in cash by the Veteran or by the Seller.

You might need a jumbo mortgage to finance it if the next home you plan to purchase comes with a particularly steep price tag. These loans are often run into the millions of dollars. They finance.

A jumbo mortgage is a home loan for more than $453,100 in most of the country. Get a better understanding of this product. High-dollar home loans have more demanding requirements, but they are.

Jumbo Construction Loan Rates Construction Loans – Jumbo, Conventional, FHA and VA – Conventional, Jumbo, FHA, VA and Rural Development Construction Loans. Loan Programs. Conventional 1x Close. This is the best program with the best rates and fees. Now offering Jumbo 1x close construction to perm loans up to $3,000,000! 15% to 30% down, minimum 720 to 760.

Jumbo Loans- Jumbo rates are for loan amounts exceeding $484,350 ($726,525 in AK and HI). apr calculation is based on estimates included in the table above and borrower-paid finance charges of 0.862% of the loan amount, plus origination fees if applicable.

Jumbo mortgage – Wikipedia – In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits. This standard is set by the two government-sponsored enterprises, Fannie Mae and Freddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender.

Home loan options What you need to know; Fixed-rate mortgage Monthly principal and interest (P&I) payments stay the same over the life of the loan, so you can budget accordingly. Protection from rising interest rates for the life of the loan, no matter how high interest rates go.

Jumbo Loans Florida 5 &10% Down Payment | Best Jumbo. – Jumbo Loans 5 & 10% Down Payment, Best Jumbo Rates Florida ! 680 Credit Score! No PMI | Low Reserves! We Know the Jumbo Lender Mortgage Business.

Jumbo Vs Conventional Jumbo Loan – Definition – Investopedia – A jumbo loan, also known as a jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA).Unlike conventional mortgages, a jumbo loan is not.

Top 10 Reasons Seniors Choose Jumbo Reverse Mortgage Loans – "jumbo reverse mortgage loans present an opportunity for older Americans to achieve greater financial comfort and expand their wealth," said Paul Fiore, chief retail sales & operations officer for AAG.

A jumbo mortgage is a loan that is designed for buyers who are purchasing or refinancing a home that is priced higher than traditional conforming loan limits (set by Fannie Mae and Freddie Mac).

A loan designed for those wanting to finance a little more. If you’re buying, financing, or building a home with a higher property value and can manage larger monthly mortgage payments, a jumbo loan, also referred to as a non-conforming loan, may be a good choice for you.

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Jumbo Vs Conventional

What Is a Jumbo Loan and Am I Eligible? | ConsumerAffairs – Jumbo vs. conventional loan. jumbo loans and conventional loans are both issued by private lenders, and neither is insured by a government agency. The difference between a jumbo loan and a.

Why Jumbo Loans are a Steal 4 Ways to Avoid A High-Priced Jumbo Mortgage – Mortgage Loan – By definition, a jumbo loan is a mortgage loan amount that is higher than the conventional conforming loan limits set by Fannie Mae and.

Jumbo Loan and FHA Loan Limits By State | Bankrate.com – What are the FHA and jumbo loan limits in your state?. is insured by the Federal Housing Administration and requires lower minimum credit scores and down payments than many conventional.

Conventional, Jumbo Loan Availability Accelerating – The index was benchmarked to 100 in March 2012. All four of the MCAI’s component indices increased in July as well with the Conventional MCAI showing the greatest loosening, up 5.2 percent. The jumbo.

What Is a Jumbo Loan in Washington State, in 2018? – This article answers a common question among home buyers: What is a jumbo loan in Washington State? It has been fully updated for 2018.

Low Down-payment Options For Jumbo Home-buyers Now Available – What is a Jumbo Mortgage? A jumbo mortgage is any mortgage above the conventional loan limit for the county. In Contra Costa County that is $726,525 for 2019. Putting down 5% would only get you a.

Jumbo Loan – Definition – Investopedia – A jumbo loan, also known as a jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA).Unlike conventional mortgages, a jumbo loan is not.

Jumbo vs. Conventional Mortgage – YouTube – Mortgage expert Ace Watanasuparp, Vice President/Regional manager of residential lending at Citizens Bank. The viewer question for Ace in this episode, relates to the difference between.

Jumbo Loans for Larger Mortgage Amounts – A jumbo loan is a mortgage for higher loan amounts. Get information about jumbo mortgages and view loan rates in your area.. Bank of America ARMs use LIBOR as the basis for ARM interest rate adjustments.

California conforming and FHA Loan Limits By County – Should you apply now to refinance your jumbo loan? Bankrate’s map helps you to decide.. California conforming and FHA loan limits by county.. Conventional, FHA or VA?

Jumbo Residential Mortgages in Connecticut – What is a jumbo mortgage? A jumbo mortgage is a home loan whose value is larger than that of a conventional mortgage. A conventional mortgage is one that can be purchased by government-sponsored.

Mortgage Credit Availability in U.S. Increased in February – Of the component indices of the Conventional MCAI, the Jumbo MCAI increased by 2.2 percent while the Conforming MCAI decreased by 0.2 percent. "credit availability increased in February as a result of.

Jumbo Construction Loan Rates

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Jumbo Construction Loan Rates

Jumbo Loans | First Bank – A jumbo loan provides financing for loan amounts higher than the maximum conforming limits set by Fannie Mae and Freddie Mac. Interest rates are usually slightly higher on jumbo mortgage loans than on conforming loans with lower loan amounts.

FBI Investigating Flood Maps; Jumbo Production Forecast Falls; Proposed AMC Legislation – That debate aside, independent mortgage LOs continuing to "complain" about the rates offered by banks like Wells Fargo on their jumbo loans – but hey. manufacturing firms about general trends) and.

Construction Loans | BECU – One loan that covers your project from end to end. Financing throughout the construction process, from lot purchase, to construction, to home mortgage.

Home Construction and Owner Builder Loans | MACU – Building a home in Utah, Idaho or another western state? learn more about home construction loans offered by MACU with low rates and flexible terms.

VA Jumbo Loans – Low Rate VA Jumbo Mortgages – Jumbo Rates VA offers low rate jumbo mortgages for servicemembers, veterans, and eligible surviving spouses with no downpayment or PMI requirement. One-time close construction loans financed through the VA loan program. First-time home buyers and buyers with less-than-perfect.

Mortgages – Jumbo Loan | First Citizens Bank – Adjustable-Rate Mortgage. Construction-to-Permanent. Jumbo Loan. Mortgage Assistance Programs. Save Money jumbo loan options could help lower your mortgage interest rates. Enjoy Peace of Mind Standard mortgage terms apply, with a variety of fixed and adjustable rate options.

Jumbo Mortgage Calculator: Fixed-rate Jumbo Loan Calculator – Fixed-rate Jumbo Loan Calculator. Below is our FRM jumbo mortgage calculator. Our jumbo mortgage rates guide offers more in-depth information about loan qualification, payment options & other important background information.

Construction Loans – Jumbo, Conventional, FHA and VA – Conventional, Jumbo, FHA, VA and Rural Development Construction Loans. Loan Programs. Conventional 1x Close. This is the best program with the best rates and fees. Now offering Jumbo 1x close construction to perm loans up to $3,000,000! 15% to 30% down, minimum 720 to 760.

Jumbo Loan and FHA Loan Limits By State | Bankrate.com – A jumbo loan is a home loan for more than the conforming limit set by Fannie Mae and Freddie Mac. Interest rates on jumbo loans are comparable to rates on conforming loans. One main reason: lending standards for jumbo loans tend to be stricter, with larger down payments required.

Jumbo Loan | PNC | pnccheck current conforming jumbo loan limit Rates – Jumbo Loans – For home financing options above $424,100. Learn if this PNC loan is the right mortgage for you, how your loan terms, your Your rate is calculated based on a variety of factors, including credit qualifications, loan-to-value, loan amount and other criteria, but generally may be.