Purlend Data Dictionary

Borrower language

The whole corpus with the borrower language name first. 342 term(s) have no borrower name and are omitted.

Borrower language nameCanonicalKindEntityStatus
a government-insured loan with easier credit and down payment requirementsFHA Loandomain-term—proposed
a lender's own stricter rule, beyond the program's minimumOverlay (Lender)domain-term—proposed
a loan for eligible veterans and service members, often with no down paymentVA Loandomain-term—proposed
a loan for rental property, qualified on the property's rental income, not your ownDSCR Loandomain-term—proposed
a one-time VA loan fee, usually rolled into your loanFunding Fee (VA)domain-term—proposed
a person, not a computer, reviews your loan fileManual Underwritingdomain-term—proposed
a pricing adjustment based on your loan-to-value and credit scoreLLPA (Loan-Level Price Adjustment)domain-term—proposed
a standard mortgage not backed by the governmentConventional Loandomain-term—proposed
an older estimate of your closing costs, now replaced by the Loan EstimateGFE (Good Faith Estimate)domain-term—proposed
an upfront fee you can pay to lower your interest ratePoints (Discount Points)domain-term—proposed
an upfront insurance charge added to your FHA loanFHA Upfront Mip Pctfieldprogramproposed
how many months it takes for your savings to cover the refinance costsRecapturedomain-term—proposed
how much of your monthly income goes toward debt paymentsDTI (Debt-to-Income Ratio)domain-term—proposed
how much of your VA home-loan benefit you have availableEntitlementdomain-term—proposed
how much you're borrowing compared to what the home is worthLTV (Loan-to-Value Ratio)domain-term—proposed
interest you pay upfront at closing for the rest of the monthPrepaid Interestdomain-term—proposed
line of creditHELOCdomain-term—proposed
paying down your loan a little more with every paymentAmortizationdomain-term—proposed
the automated system that reviews your loan applicationAUS (Automated Underwriting System)domain-term—proposed
the document that proves your VA eligibilityCOE (Certificate of Eligibility)domain-term—proposed
the extra cash you take out when you refinanceDesired Cash Out Amountfielddealproposed
the loan payment itself, before taxes and insuranceP&I (Principal & Interest)domain-term—proposed
the money left over each month after all your bills are paidResidual Incomedomain-term—proposed
the notice explaining why your loan application was deniedAdverse Action Noticedomain-term—proposed
the part of your home you ownHome Equitydomain-termdealproposed
the total amount of money you need to bring to closingCTC (Cash to Close)domain-term—proposed
the true yearly cost of this debt, including feesInterest Ratefieldliabilityproposed
the yearly cost of your mortgage insuranceMi Annual Ratefieldprogramproposed
This path is clear.AlwaysApprovedStatementdomain-term—proposed
this thing gets meMagical Momentdomain-term—proposed
what you still oweCurrent Loan Balancefielddealproposed
whether the property's rent covers its own mortgage paymentDSCR (Debt Service Coverage Ratio)domain-term—proposed
whether you're required to carry mortgage insuranceMi Required Flagfieldprogramproposed
your full monthly housing payment — loan, taxes, insurance, and HOA togetherPITIAdomain-term—proposed
your full monthly housing payment including mortgage insurancePITIMdomain-term—proposed
your income before taxes and deductionsGross Monthly Amountfieldincomesourceproposed
your interest rate, as a yearly percentageRate (Annual Interest Rate)domain-term—proposed
your lender must show you the loan option that's best for you, not for themAnti-Steeringdomain-term—proposed
your optionsScenario Cardui-term—proposed
your protection from discrimination in the lending processFair Lendingdomain-term—proposed