Exam term

Underwriting · Real Estate

A lender's evaluation of the borrower's income, debts, credit and assets and of the property's value and condition. Program eligibility is not loan approval.

Lessons that use this term

FHA-insured loans Florida
The lender's criteria: the property and the borrower's ability to repay New York
Lender requirements: conventional, FHA, VA, and USDA loans, LTV, and mortgage insurance Texas