an employee of the lender who confirms that the homebuyer and the home meet all loan requirements.
The process by which a lender analyzes your finances in order to approve or deny your loan.
|Unfair lending practice||
The practice of lenders deceiving borrowers and convincing them to agree to unfair loan terms and prices. Sometimes called
|USDA Loan (Rural Development Loan)||
a government-insured loan for lower-income homebuyers who want to live in rural areas. There are income limits, but credit standards are flexible. These loans feature below-market interest rates and require no down payment.